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GQ will almost certainly help you. But to answer yor questions:
Yes, i've noticed the thing about extravagant spending, even though i had spent little or nothing. Maybe it depends on the financial situation of the team.
For the second one, you don't get the news bits in cm0304 that you got in cm0102, which informed you of whatever happened with bids for players you're interested in. No bug there, i think.
Bragging would be claiming we're now in the First Division while West Ham have slumped to the Second. And how we won two trophies last year. That would be bragging.
I think I understand the extravagant spending thing.
If you sell players, some of that money will be put back into your remaining transfer budget. You may think you haven't spent all your budget. You need to look on the transfer screen to check if your current transfers go over your amount that you had available at the beginning of the season.
If it is over the amount announced just before the season started, then you have gone over your budget.