This week’s economic news really highlights the importance of understanding finances. It doesn’t matter if you’re a department head who’s probably busy right now re-working your budget for the rest of the year or someone who is just re-evaluating their 401(k), having some knowledge of how finance works is essential.
This isn’t the first time I’ve mentioned this. In fact, just last week I wrote about ways we learn about money. In that piece, I mentioned a couple of great finance blogs . . . my go-to resources for all things money.
But, you don’t have to stop with just those two. I wanted to briefly share with you a couple more great blogs that can give you some great insights into what’s happening in the global economy:
Political Calculations – okay, so if you’re someone whose eyes glaze over whenever the CFO starts his presentation on the shareholder annual report, this blog might not be for you. But, give it a chance! They share lots of charts and graphs with detailed financial information. Best of all, they do a great job with explanations. I feel like they really educate me without making me feel uneducated. Fair warning – the posts in Political Calculations have a rather conservative tone so be sure to evaluate that relative to your preference for donkeys or elephants.
Calculated Risk – not for the faint of heart, Calculated Risk lays out global economics in no uncertain terms (as long as you’re Ben Bernanke). But, again, I suggest giving them a chance. I really like that they feature a wide variety of subjects that allow me to view the economy from many different perspectives. Let’s face it, mortgage rates, bonds, commodity futures and the Small Business Optimism Index all add up to the big picture. And that helps me evaluate the future of my portfolio and my business.
I hope you’ll check out some of these great resources on financial issues and share a few of your own in the comments. I’m always on the lookout for new resources. And, at the end of this roller coaster week, I thought you might enjoy a Stock Market Crash cocktail:
1 shot Goldschläger
1 shot 151-proof Rum
8 oz. cola
Please don’t try making this at home. And if you decide to enjoy it professionally made by your favorite bartender, tip them well. And remember to drink – and always work – responsibly. Cheers!
Image courtesy of Katrina.Tuliao