Thing One All Debt Must Be Repaid Ten years ago, a good friend wrote about an article he'd read about debt. Below is a rewrite with updated stats. It's defintiely worth a read... The article "Managing Debt in an Overleveraged World" by Michael Spence warned that global debt had surged by roughly $60 trillion since the financial crisis — a 75% jump relative to global GDP. At the time, that number felt staggering. The world had failed to deleverage after 2008 and instea

Thing One Choose Carefully Several years ago, the organization that oversees the Certified Financial Planner Board of Standards conducted a revealing experiment. They wanted to see whether prospective clients would truly evaluate an adviser’s competence—or simply respond to confidence and presentation. They hired a professional DJ, gave him a crash course in financial buzzwords, dressed him in a sharp suit, and placed him in front of individuals actively searching for f

Thing One Why Starting an Exercise Plan Might Help You Understand How to Think About the Economy I was recently browsing health and fitness websites for exercise “secrets” when I came across an article that made me think about the similarities between an individual trying to get in shape and the political class trying to “get the economy in shape.” The article was called Why Crunches and Sit Ups Do Not Get You Six Pack Abs. The opening paragraphs hit me like a ton of br