A re-sharing of my post from last year. 2016 has been a rough year for many and the last thing we want to do is make it worse by inefficiently buying gifts. Merry Christmas, y’all!
It’s that time of year again. The rush to buy things for people that you guess you care enough about to trawl the discount shelves. However, don’t fret over finding the “right” gift—economic fundamentals tell us it’s inefficient. Continue reading “The Best Gift to Give This Christmas”
The silver fox may come bearing gifts this holiday season, as the Fed will (probably) increase the mother of all interest rates—the federal funds rate.
In an attempt to save the economy from the financial crisis of 2008, the Fed dropped the federal funds rate down to effectively zero. For close to seven years, the rate has not budged. Finally, it seems like the Fed is okay with loosening the grip off the economy’s bike seat, and reigning in some of the money in circulation. Continue reading “What The Rate Hike Means For Us”
T.G.I.F. takes on a different connotation when talking about Black Friday. Are the deals really worth all the hustle and bustle?
This (very American) holiday that exploits our (consumerist) way of life is showing signs of hope. It’s no surprise that Black Friday has been and is still known to be the top shopping day of the year. However, with the rise in behavioral economics, retailers and consumers have realized that it is also known as the biggest day for irrational behavior. Continue reading “Hustlin’ and Bustlin’ of Black Friday”