What I learned today:
From an Advisor Perspectives article, economist Gary Shilling explains why investors should stick with long-term Treasury bonds, even with historically low yields today. He cites deflation as a secular trend that is picking up momentum, and is evident in falling commodity prices and negative bond yields in many area of the world.
Here in the US, he believes the 10-year Treasury bond will reach a 1.0% yield by year-end 2015. If you hold this bond, your return could be 12% if he's right.
Shilling thinks the 30-year Treasury yield will fall to 2.0% by year-end 2015 (currently near a 2.75% yield). If you own this bond, your return would be 19% if he's right. And if you own 30-year zero-coupon Treasury bonds, your return would be 27%!! If he's right.
Shilling advises investors to stay away from commodities, and be prepared for a market "shock" at any time, which could spiral the world into another recession. He likes stocks, but only those that pay hefty dividends.
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From Smart Passive Income's podcast (Ep #148), Pat Flynn's guests, the creators of the Pinch of Yum food blog, described various food sharing sites like FoodGawker, which serve as online repositories of great recipes, all advertised with delicious photos.
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From the 10th Man economics column by Jared Dillian, I found this YouTube clip of Louis C.K.'s TV appearance of a few weeks ago. This guy is hilarious. Today is the first day I've ever heard of Louis C.K. Pardon my ignorance to this point.
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From an article on Casey Research, I learned about a Baylor University study that found US college students spend on average an astounding 9 hours per day with their smartphones. Nine hours!!!
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