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Quote of the Day
"As long as there have been financial markets, there have been concerns that the government will bring ruin to the financial system and nation’s currency."
(Jamie Catherwood)
Gold
- What's driving the rise in gold? (fortune.com)
- What will it take to get gold to leg higher? (wsj.com)
Finance
- Berkshire Hathaway ($BRK.A) reduced its stake in a number of banks including Goldman Sachs ($GS). (ft.com)
- How Goldman Sachs ($GS) deal for United Capital is playing out. (barrons.com)
- Sixth Street Partners takes a more flexible than other PE firms when it comes to investing. (wsj.com)
Companies
- Opposition to the big cut Apple ($AAPL) takes in its app store has been building for awhile. (nytimes.com)
- ByteDance has its own pressures at home in China. (ft.com)
ETPs
- Why did the shares of VelocityShares Daily 3X Inverse Exchange Traded Note (DGAZF) explode this week? (etftrends.com)
- Larry Fink, CEO of Blackrock ($BLK), makes more money than you. (ft.com)
Policy
- The number of hungry Americans is growing in pandemic. (wsj.com)
- The pandemic has highlighted existing problems with government economic statistics. (axios.com)
- Companies use bad economic times as an opportunity to engage in age discrimination. (privpapers.ssrn.com)
- Racial wealth inequality compounds all the way through to retirement. (nytimes.com)
USPS
- The hobbling of the USPS really serves only one purpose. (theatlantic.com)
- Which is why we need voting boxes. (fastcompany.com)
- There will be knock-on effects from ruining the USPS that have nothing to do with the election. (politico.com)
- How to vote safely in-person. (ritholtz.com)
New York City
- Are companies going to follow their workers to the suburbs? (ft.com)
- New York City is not going to be the same, post-pandemic. (theirrelevantinvestor.com)
- New York's quarantine rules are being flouted. (nytimes.com)
Economy
- Working parents are feeling the pinch, six months into the pandemic. (wsj.com)
- A succinct summary of the week's economic events. (ritholtz.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- What everyone was reading this week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Coronavirus links: safe and effective. (abnormalreturns.com)
- Every Friday I send out five links for advisers to help them think a little differently about the world. Sign up now! (newsletter.abnormalreturns.com)
Mixed media
- Google's ($GOOGL) AdSense policies seem increasingly random to publishers. (slate.com)
- Why focused, niche newsletters can work - they save people time. (diff.substack.com)
- The best food writing is now coming to you via e-mail newsletters. (tastecooking.com)
- How e-mail newsletters are the 'mix tape' of news. (medium.com)
