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Quote of the Day
"The public health response is the most important economic policy. The economy will be stuck at a lower equilibrium until the public is confident in their ability to manage the personal safety. Until that point, we limp along at sub-optimal levels."
(Tim Duy)
Markets
- Bear markets are typically long, drawn out affairs. Is this one different? (economist.com)
- Money market funds added 16% in assets in March alone. (sentimentrader.com)
Companies
- How much bigger can the Big Tech companies get relative to the rest of the market? (theirrelevantinvestor.com)
- Once its strength, Disney's ($DIS) diverse business mix, has now become a liability. (nytimes.com)
- Why Berkshire Hathaway ($BRK.A) hasn't repurchased more shares at lower prices. (acquirersmultiple.com)
Vaccines
- Investment needs to be made now before a vaccine is identified. (nytimes.com)
- There's no guarantee a vaccine for Covid-19 will be found. (cnn.com)
- A vaccine will not be as useful if people refuse to take it. (theconversation.com)
Interventions
- The CDC's look back at how earlier travel bans could have slowed the spread of the coronavirus. (apnews.com)
- For better or worse, state governors have had to step into the breach left by federal inaction. (washingtonpost.com)
Global
- Russia is struggling with a rapid rise in coronavirus cases. (ft.com)
- Why and where the virus takes hold is still a big unknown. (nytimes.com)
Economy
- Paul Romer, "Unless you’ve got a credible, understandable way to make the fear go away, we will not get the recovery we need." (newyorker.com)
- Phone data shows Americans moving around more, even before the lifting of restrictions. (forbes.com)
- Tourism has pretty much ground to a halt in Hawaii. (wsj.com)
- Alaska's summer fishing season attracts workers from around the country, which in the age of coronavirus, is a recipe for disaster. (washingtonpost.com)
- The pandemic has come for the construction industry. (wsj.com)
Earlier on Abnormal Returns
- Adviser links: better client service. (abnormalreturns.com)
- Monthly ESG links: the nature of the pandemic. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- Top clicks last week on the site. (abnormalreturns.com)
