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Quote of the Day
"In our highly-financialized world riddled with HIWTYL payoff structures, we’re most likely to get screwed when we engage in one-off transactions with counterparties we can’t effectively retaliate against."
(Demonitized)
Markets
- How big market moves mess with your head. (wsj.com)
- How to identify information that is "important, urgent and actionable." (dashofinsight.com)
- On the origin of the term 'dead-cat bounce.' (wsj.com)
Strategy
- Swapping credit risk for alternative risk premia. (mrzepczynski.blogspot.com)
- Can you invest your way to great wealth? (monevator.com)
Crypto
Uber
- Bradley Tusk, "The downside of Mr Khosrowshahi’s tenure is that Uber has lost its mojo." (ft.com)
- Uber ($UBER) Eats is growing fast. (fortune.com)
Finance
Funds
Global
Policy
- Ten years in what can we say about the effectiveness of QE? (ritholtz.com)
- How forgiving student loans would help individuals and the economy. (papers.ssrn.com)
- Should economic stabilizers be put on auto-pilot? (nytimes.com)
- Ugh. There is now a whole industry built up around getting companies big tax breaks to build facilities in certain states. (wsj.com)
- Why the VAT never took off in the US. (nytimes.com)
Economy
- A succinct summary of the week's economic events. (ritholtz.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks this week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Longform links: sustainable innovation. (abnormalreturns.com)