Your Money

The yields on the 10-year Treasury note rose to 4.801% last week, the highest level since the subprime mortgage crisis began in August 2007. The likeliest causes for the recent climb appear to be expectations about better U.S. growth and concerns that huge federal deficits are pressuring investors' capacity to absorb so much debt.

This plays into our thesis that interest rates would be higher than originally expected for longer than expected. That's bad news for borrowers but good news for lenders, savers, and bond investors. Investors are demanding higher interest rates on their long-term investments, forcing higher yields. This is what the Fed wants to see, and it may be another bullet point in the argument to pause here and let the hikes of the 18 months continue to work through the economy.

Bond Selloff Threatens Hopes for Economy's Soft Landing
by Nick Timirais

Your Life

Clothes thrifting is hitting its peak and becoming part of regular life thanks to environmental focus, popularity through social media, and the vast variety of clothing, both modest and high-end, that can be purchased for significant savings. Even popular nonprofits that take your clothing donations are creating large department store-type buildings with dressing rooms to make your thrift shopping more organized and more pleasant. Instead of passing on your nicer, better cared-for clothing donations to those in need, the clothing is being sold so that the proceeds can go towards helping others in a more targeted way. However, you should be aware of how best to thrift. First, research where to go ahead of time, getting recommendations from friends and family. Take your time. Patience is a necessity to score great deals as you peruse through many, many, many racks and piles. Set a budget. Wear something easy to change in and out. Bring cash and reusable bags/totes. Don’t be afraid to politely negotiate for additional discounts. Lastly, if you buy anything from thrift stores, clean or wash them before using or wearing them. Until 2001, Goodwill had washers, dryers, steamers, and pressing machines to clean donated clothes. However, this was deemed an unnecessary added expense and was eliminated. Remember, thrifting is a hit-or-miss. You have to go back as inventory changes to get something you really want.

THE ULTIMATE GUIDE TO THRIFTING FOR CLOTHES
source: High Snobiety

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