Quote of the Day
"A big lesson from history is how chance encounters lead to both magic and mayhem in ways that would have been impossible to predict."
(Morgan Housel)
Crypto
- What you need to know about crypto and taxes. (ospreyfunds.io)
- FTX wants to offer crypto derivatives in the U.S. (markets.businessinsider.com)
Finance
- Jump Trading Group is getting into the business of filling retail trades. (wsj.com)
- What American shareholders of U.S.-traded Chinese companies need to know. (economist.com)
ETFs
- Global ETF industry assets now exceed $9.1 trillion. (wsj.com)
- JP Morgan Chase ($JPM) to convert four mutual funds with $10 billion in assets into active ETFs. (etf.com)
Housing
- Rocket ($RKT) is creating a one-stop shop for home buying. (thebasispoint.com)
- OpenDoor ($OPEN) is ramping up its iBuying. (bnnbloomberg.ca)
- Just because lumber prices have fallen, don't expect home prices to drop. (barrons.com)
- Just how out of whack were home prices in 2006-2007? (conversableeconomist.wpcomstaging.com)
Central banking
- How focused on home prices should central bankers be? (ft.com)
- What are the odds that Jerome Powell gets reappointed Fed Chair? (crossingwallstreet.com)
Economy
- U.S. inflation is normalizing. (theovershoot.co)
- The Delta variant is likely to put a pause on unemployment gains. (bonddad.blogspot.com)
Earlier on Abnormal Returns
- Longform links: inevitable constraints. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: receding envy. (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)
