Please note, this will be the last blog post that automatically gets emailed to my friends and family.
And now, in no particular order, the links:
Noah Smith, writing at Bloomberg View, takes Zero Hedge and other gold bugs to task. Apparently, investing in gold hasn't gone very well. I prefer the headline from his personal blog: You'll get no edge with Zero Hedge.
Related to the above link, Gallup surveys Americans' beliefs about the best investment. Looking at the numbers, Dylan Matthews says "Less than a quarter of Americans get the most important investment question right." Stocks > Gold, Real Estate, etc. Buy money people. Buy money.
Wage Growth Gap for Recent College Grads, a study by the Federal Reserve Bank of San Francisco. Surprisingly, they argue that young workers, even skilled ones, are "marginal" workers. This means that, unlike older or higher paid workers, the young can't get their pay cut. It's already at the bottom of the salary ladder so youth pay stays flat. Job growth and economic recovery should improve this situation.
At Vox, Andrew Prokop notes the resignation of Chris Christie's chief economist. Somehow, cutting taxes and raising spending doesn't yield a balanced budget. But don't let the numbers get in the way!
The New Yorker has made it's archives free for the next three months. Libby Nelson, also at Vox, rounds up 12 education articles to read while the archives are free. Enjoy!
One last Vox link, I swear! Why a federal court just ruled Obamacare subsidies are illegal in 36 states. It is, apparently, the greatest threat the law has ever faced.
Do trans-fat bans save lives? Yes, especially old ones.
What's the deal with a US court getting to decide how the state of Argentina pays its debts to hedge funds? Read this to get a good overview of the whole issue.
Over at EdSurge, Rebecca Butler takes a look at the most recent cohort of Imagine K12 "graduates." Imagine K12 is an edtech startup incubator. One big shift is the move toward developing teacher resources over the past three cohorts.
What Millennials want most is, apparently, inflation. I don't know if higher inflation necessarily leads to wage growth, investment growth, higher real estate values, or anything that Taylor Tepper claims. I think it's more complicated than that. But he's absolutely right that it's bad for people in debt or who save and invest conservatively.
Jeff Sommer at the NY Times notes that only 2 of 2,862 funds beat Wall St. Which is just another way of saying, buy indexes. You can't beat the market even when that's your job.
Barry Ritholtz offers a small mea culpa about his membership in the "inflation truther" community in the 2000's. He points out that one big difference between now and then is the target of criticism. Then: the BLS. Now: Obama.
Tyler Cowen asks, For whom are the moochers actually voting? Given the absurdity of the moocher label, they're not voting for anyone person or part in particular.
The Washington Post launched a new media news venture called Storyline. It looks like a cross between Vox and The Upshot which is not a bad thing. Their headline article at the moment is, "Why should the economy play into my family planning?"
A lengthy look at how changing demographics are affecting wages.
And last but by no means least, The fall of Yogscast and their Kickstarter game, Yogventures.
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