The big economic news this week was the October CPI at 0.0% for the month, lower than anticipated.   Also included in this week’s list are some articles on investing, wealth, cryptocurrency, and a couple of general interest articles too. Happy reading.

Economics

• October CPI came in under expectations. Is inflation finally easing? Can the Fed take a breath? Here are two articles discussing both the inflation results and how they may be influencing the Fed. (NYT) (MarketWatch)
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• Retail sales fell for the first time in awhile last month, but given the drop in gasoline prices, underlying retail sales are still holding up. (CNN)
• If you are interested in how recent fiscal policy has impacted the business cycle, this brief from the San Francisco Fed is accessible and to the point.
• CNBC offers some guidance on how to save money on your Thanksgiving in these inflationary times.

Investing

• The stock market reacted positively to the inflation news, having its best day since April. (CNBC)
• How do you decide between investing in CDs, Money Market Accounts and High-Yield Savings accounts? (CNBC)
• This Calculated Risk post assesses the current state of the housing market. This picture tells the story too. (Ritholtz.com)

Wealth

• How many people actually inherit significant wealth? Who are they? (WaPo)
• This article provides an interesting view of the value of land in a world of speculation and absentee landowners and how the mayor of Detroit is trying to deal with it. (NYT)

Cryptocurrency

• This is an interesting piece stating the importance of financial literacy in a crypto world. It happens to give a brief history of crypto as well. (Crypto Times)

Advocacy

• California is proposing a bill to make personal finance a high school graduation requirement, along with economics.  (KION)

Just Because

• What is the best-selling vehicle in each state? This could be a fun one for students. (Visual Capitalist)
• Our lives are on our phone. What do you do if you lose it, or it is stolen, or it crashes? Vox explains how to prepare and keep yourself protected.

About the Author

Beth Tallman

Beth Tallman entered the working world armed with an MBA in finance and thoroughly enjoyed her first career working in manufacturing and telecommunications, including a stint overseas. She took advantage of an involuntary separation to try teaching high school math, something she had always dreamed of doing. When fate stepped in once again, Beth jumped on the opportunity to combine her passion for numbers, money, and education to develop curriculum and teach personal finance at Oberlin College. Beth now spends her time writing on personal finance and financial education, conducts student workshops, and develops finance curricula and educational content. She is also the Treasurer of Ohio Jump$tart Coalition for Personal Financial Literacy.