Tuesday morning news drop
A Guide to Moving from Cash to Investments “Valuations are high.” “Stocks have had an incredible run, how much higher can they go?” “Interest rates are near historic lows. What happens when they rise?” These are all reasonable things to think about when allocating a lump sum of money that has been sitting on the sidelines. But what does the data suggest? (Compound Advisors)
Dollar Cost Averaging vs. Lump Sum: The Definitive Guide One of the biggest problems in personal finance is deciding when to invest a sum of money. Whether you have $10, $10,000, or $10 million that you could put to work, the question is: Should you invest all that money over time (dollar cost averaging) or now (lump sum)? (Dollars & Data)
The Bottom 90% of Americans Are Borrowing From the Top 1% The savings of the rich are recycled into household and government debt (Businessweek)
U.S. Trophy-Home Market Poised for a Banner Year The market for $50 million-plus home sales got off to an incredibly strong start to 2021, with the number of listings and sales on pace to outdo previous years (Mansion Global)
A Commodities Crunch Caused by Stingy Capital Spending Has No Quick Fix Limited inventory of resources is converging with a buying spree to supercharge prices, spurring inflation concerns (WSJ)
The Hazy Economy of Cannabis When Canada legalized recreational marijuana, a team of statisticians set out to decode how much exactly the weed business is worth (Walrus)
Affected Development: Will Kids Ever Recover from Isolation? For many children, our panicked pandemic lives are the only lives they’ve ever known (Walrus)
Why Confederate Lies Live On For some Americans, history isn’t the story of what actually happened; it’s the story they want to believe. (Atlantic)
Earth’s carbon dioxide levels hit 4.5 million-year high The amount of carbon dioxide in the Earth’s atmosphere has reached its annual peak, climbing to 419 parts per million (ppm) in May, according to scientists from Scripps Institution of Oceanography and the National Oceanic and Atmospheric Administration (NOAA). (Axios)
CO2 levels are at an all-time high The historic CO2 record was pretty unfazed by the pandemic (The Verge)
The argument for a carbon price We are paying a price for fossil fuels, but that price is not paid by those that burn the fossil fuels – we need to change that (Our World in Data)
N.B.A. Fans Wanted a Show. They’re Also Getting a Reckoning. The entertainment of the playoffs has been coupled with a pressing message from players that fans have disrespected them for too long. (NYT)