Tag: cognitive bias
Jun 22, 2026
The Federal Reserve, as part of its responsibility to safeguard the stability of the country’s financial system, has a targeted inflation rate of 2%. Its most visible tool for that purpose is increasing the federal funds interest rate when inflation is rising and...
Oct 7, 2024
If we all acted purely on logic, coffee shops would be out of business. Is that likely to happen any time soon? Don’t bet your latte on it. Here’s why, using the numbers for my own favorite brew. A cappuccino with oat milk, it costs around $5.50 at a coffee shop....
Sep 9, 2024
Just two years ago, inflation dominated economic discussions both in the media and at dinner tables. At its peak in June 2022, inflation soared to 9.1%, a figure that sent shockwaves through the economy and significantly dented President Biden’s approval ratings. By...
Aug 12, 2024
Recently, navigating London Heathrow Airport with a solid case of jet lag, I noticed a billboard from IG, an investment firm, that read: “From FOMO to JOMO.” As someone familiar with the concept of FOMO (Fear of Missing Out), I was intrigued and initially...
Jul 1, 2024
How safe is your IRA? Not from economic ups and downs, but from your own vulnerability to scammers? While financial scams are often perceived as targeting senior citizens, younger generations are equally susceptible. Two examples of people who suffered serious...
