Juggling Dynamite

In the interests of healthful longevity, swapping out gas fireplaces, stoves, dryers, and furnaces for electric appliances and heat pumps is an essential next step to reduce greenhouse gases and improve air quality. The billions in government subsidies flowing to oil and gas producers must be redirected to accelerate the switch to smarter, cleaner, sustainable systems. See more in I turned my house into a zero-carbon utopia:

A few months ago, I bought a small air-quality monitor and started to observe with my own eyes what scientists have been telling us: Cooking with a gas stove is, by some measures, on par with secondhand smoke. No one is “taking away gas stoves,” but if you have one, you might consider replacing it. Your lungs will thank you. With an induction cooktop, my home is healthier. And did I mention that it boils water way faster? No wonder many chefs love them. They’re better.

Also, see Air pollution from different emission sources is associated with incident dementia:  “The findings suggest interventions that reduce air pollution may decrease the lifelong risk of developing dementia.“

There are many lucid observations in this segment. Worth a listen.

On this episode of the WTFinance podcast, I have the pleasure of speaking with Michael Green – Chief Strategist at Simplify Asset Management. Here is a direct video link.

The popular US 30-mortgage rate at 7.53% is the highest since August 2001 (shown below)–the massive increase in a short period restricts the ability to move, buy homes and consume goods and services of all kinds. And the shock is global. Underestimating the economic and financial ramifications is a mistake.

Danielle was a guest with Jim Goddard on This Week in Money, talking about recent developments in the world economy and markets. You can listen to an audio recording of the segment here, starting at 9:55 on the play bar.

As mentioned in this segment, a recent Credit Karma survey finds that 56% of student loan borrowers say they will have to reduce spending on basic necessities to resume loan payments in October and more than half say they’re struggling to pay auto loans, mortgages, credit card balances and other bills. Forty-five percent of borrowers expect their loans will go delinquent as the forbearance period ends.