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Quote of the Day
"The escalation, the unpredictability, the erratic nature of policy developments is central to what is going on, and these aren’t things you can plug into an economic model...Something is breaking. It’s very dangerous."
(Julia Coronado)
Chart of the Day

The launch of the Grayscale Ethereum Trust ($ETHE) has not worked out well for investors. (chart via @koyfin)
Bonds
- Pension fund demand for bonds is pretty inelastic. (sl-advisors.com)
- Why investors should be looking for alternatives to bonds. (mrzepczynski.blogspot.com)
Strategy
Companies
- Saas company, Datadog, has filed to go public. (news.crunchbase.com)
- Why the broadcasters can't quit the NFL. (barrons.com)
Funds
Global
- Brexit is giving outsiders an opportunity to scoop up UK brands. (nytimes.com)
- In 2009 more people lived in urban areas than rural areas, worldwide. (visualcapitalist.com)
Policy
- Companies with workers on the board invest more in plant and equipment. (finance.yahoo.com)
- There are now more college-educated women in the US workforce than men. (wsj.com)
- There does seem to be some payoff to college, even if you don't graduate. (insidehighered.com)
- Consumers primarily foot the bill from higher minimum wages. (barrons.com)
Economy
- Economic policy uncertainty is spiking and people are Googling the term 'recession' like crazy. (econbrowser.com)
- A succinct summary of the week's economic events. (ritholtz.com)
- The economic schedule for the coming week, Presidential tweets excepted. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks last week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Longform links: public outrage. (abnormalreturns.com)
Mixed media
- Another FIRE advocate leaves the workforce. Colts QB Andrew Luck retires at age 29. (indystar.com)
- Bill Barnwell, "Andrew Luck's stunning decision to move on from the NFL is the most shocking retirement American pro sports has seen since Michael Jordan left the NBA in 1993." (espn.com)
- NFL QBs the caliber of Luck don't leave as early. (fivethirtyeight.com)
- If you had any doubts about the importance of the role of QB in the NFL. (theringer.com)
- Other shocking early sports retirements. (indystar.com)