2023 has been a surprising year on a variety of fronts, and our first post collects quite a few of them in the financial sphere:
10 Surprises From the First Half of 2023 [Charlie Bilello’s Blog] – “In December 2022, nearly everyone was in agreement: the U.S. economy was either already in a recession or headed for one in 2023. The list of indicators said to be predicting a recession was a long one, including a falling stock market, historic lows in consumer sentiment, and the inversion in the yield curve. But as Yogi Berra famously said, it’s tough to make predictions, especially about the future. And halfway through 2023, we’re still waiting for the recession prophesies to be fulfilled.”
I’d never heard of baby bonds before but with Connecticut now offering them, I found this explainer to be quite informative!
Baby Bonds: A Guide To Saving For The Future [Kid Wealth] – “Baby Bonds are government-sponsored savings accounts for newborns. The idea is that each newborn would receive a seed deposit from the government, which would grow over time thanks to compound interest. The funds in the account would be available for the child to use when they reach a certain age, typically 18 years old, for expenses such as education, buying a home, or starting a business.” I hope this idea expands!
Why Do All American Diners Look Like That? They’re modeled after (train) dining cars! (so fun!)