Friday, July 8, is a very important day — not the Employment Situation report, but its National Collector Car Appreciation Day. Start it right with our morning train reads:
• Election 2016 Is Propelled by the American Economy’s Failed Promises (WSJ) see also How Falling Behind the Joneses Fueled the Rise of Trump (NYT)
• Why Banks Aren’t Giving You a 3%, 30-Year Mortgage…Yet (WSJ)
• Shares of job growth aren’t the best metric of labor market health for less-educated workers. (Medium)
• Why the Biggest Benefit of Index Investing Isn’t Lower Costs (The Experts) but see also Abigail Johnson’s Pivot (Reformed Broker)
• The tyranny of messaging and notifications (The Verge)
• New Cars Are Too Expensive for the Typical Family, Study Finds (NYT) see also Auto Insurance Is Costlier at Lower Incomes, Study Says (NYT)
• Graphic: After Orlando, Gun Sales Surged (Bloomberg)
• A shopper’s manifesto: Three simple questions to help you quit the business of fast fashion (Quartz)
• The Weird World Of Expensive Wine (FiveThirtyEight)
• The Great Trump Tax Mysteries: Is He Hiding Loopholes, Errors, Or Something More Serious? (Vanity Fair)
Be sure to check out our Masters in Business interview this weekend with famed stock picker Louis G. Navellier, Chairman and Founder of Navellier & Associates, managing $2.5 billion in assets.
College degree holders are 36% of the workforce vs high school diploma (or less) are 34%
Source: Real Time Economics
