The weekly financial scoop: More jobs, more debt, and low-rates on savings accounts
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The week had some interesting news before we enter into daylight savings mode. We found out that 227,000 jobs were added and the unemployment rate remained steady as more Americans entered into the labor force to find work. Job hiring is still tepid at best so this was seen as cautious information and the neutral stock market reflected this. We also received bailout news #213 on Greece regarding the never ending bailout story. It is well known that Greece will not be able to pay off their debt in this given lifetime. This is fact. Yet what has been occurring is merely a delaying of the inevitable. Greece has two roads ahead; either a correction through a slow decade (or more) of austerity or a deep and potentially disorderly collapse if Greece were pushed out of the Euro. Too much money is at play here for giant banks so the push is for a fierce amount of austerity ahead. Not a good time to be working class in Greece
Today we examine some of the interesting links around the web:
- A Million Bucks? In My 401K? Ya Gotta Be Kiddin’! @ the millionaire nurse
- How to be rich? Stay healthy. @ One cent at a time
- Best Credit Card Promotions @ Best Credit Card Promotions
- Stop Being Cheap and Invest In Yourself @ my broken coin
- Delay Your Gratification and Grow Rich @ bucksomeboomer
- 10 ETFs Cheaper Than Their Vanguard Peers @ moneycone
- Everybody Can Have an Emergency Fund! @ Master of Saving
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