All the evidence isn’t in, but it’s clear that many Americans accelerated their retirement plans during the pandemic and the rush to retire probably isn’t over.
The pandemic changed a lot of things, including how we view work and retirement. According to Bloomberg, a new “life is short” mindset is driving many affluent Americans to retire now, as their stock portfolios and home values continue to surge.
FinanceAustralia s Westpac breaks bond hiatus with first SOFR deal
Paulina Duran
4 minute read
A pedestrian looks at his phone as he walks past a logo for Australia s Westpac Banking Corp located outside a branch in central Sydney, Australia, November 5, 2018. REUTERS/David Gray
Westpac Banking Group (WBC.AX) on Tuesday will reopen Australia s big banks bond-market taps for the first time in more than a year, in a deal marking the first use of a non-USD Libor benchmark rate to price the debt.
The country s second-largest lender is offering senior bonds for the first time since January 2020, with part of the issue due to be priced at a spread over the Secured Overnight Financing Rate (SOFR), which is replacing Libor, according to a memo seen by Reuters.
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Iconic folk singer and Nobel laureate Bob Dylan turned 80 years old on Monday. In honor of his birthday, I’ve been playing his music in my home office.
Dylan’s poetic lyrics are so versatile, they can be applied to anything, even finance. Hearing these words recently, from his 1964 song
Ballad in Plain D, made me think of the stock market rally:
“And so it did happen like it could have been foreseen,
The timeless explosion of fantasy’s dream.”
Does the long bull run face a “timeless explosion” that could have been foreseen? Let’s look for answers.
Biden betting on wage growth, while GOP warns of inflation
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May 22, 2021
The Biden administration recently gave a bit of simple advice to businesses that are unable to find workers: Offer them more money.
This recommendation, included in a White House memo about the state of the economy, gets at a fundamental tension in an economy that is returning to full health after the coronavirus pandemic. Businesses are coping with spiking prices for goods such as steel, plywood, plastics and asphalt. Yet workers, after enduring a year of job losses, business closures and social distancing, are no longer interested in accepting low wages.