Quote of the Day
"To the degree that the labor shortage is caused by expanded jobless benefits or schools that are closed, it should go away in time. To the degree there is a broader rethinking of the role of work in people’s lives, this phenomenon will outlast this post-pandemic summer, whatever its temperature ultimately turns out to be."
(Neil Irwin)
Markets
- Are long bear markets now off the table? (theirrelevantinvestor.com)
- Short selling has been in decline for well over a decade. (valueplays.net)
Strategy
- It's hard to generate alpha if your reasoning is hopelessly flawed. (ritholtz.com)
- How Stanley Druckenmiller deals with losses. (mrzepczynski.blogspot.com)
Crypto
- FTX is spending big to get its name out there. (nytimes.com)
- Would restrictions on crypto help slow ransomware attacks? (wsj.com)
- A list of the Bitcoin ETPs trading overseas. (etf.com)
Global
- Europe's biggest companies are shrinking as a share of the global market. (economist.com)
- UK hiring is on the rise. (ft.com)
Economy
- Companies have pretty much stopped laying off workers. (bonddad.blogspot.com)
- The U.S. labor economy is bouncing back faster than it did during the GFC. (bloomberg.com)
- A lot of Americans 55-64 left the workforce in pandemic. Will they come back? (finance.yahoo.com)
- Inflation statistics are not built for big shifts in consumer spending patterns. (ft.com)
Earlier on Abnormal Returns
- Podcast links: investing giants. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: dysfunctional drinking. (abnormalreturns.com)
- June ESG links: stronger ground. (abnormalreturns.com)
- Are you a financial adviser looking for some out-of-the-box thinking? Then check out our weekly e-mail newsletter. (newsletter.abnormalreturns.com)
