Quote of the Day
"Much like big wave surfing, venture investing is about sitting and waiting and positioning and even passing (on deals) knowing that technology is relentless at bringing wave after wave."
(Howard Lindzon)
Chart of the Day
OpenSea has already exceeded $1 billion in transactions in August.
Markets
- Why mortgage rates are still just a hair above their lows. (mortgagenewsdaily.com)
- Sentiment is important, but you can safely ignore the CNN Fear & Greed Index. (allstarcharts.com)
SPACs
Companies
- With rising wages, companies have started to substitute capital for labor. (awealthofcommonsense.com)
- Why Amazon ($AMZN) is recreating the department store. (theatlantic.com)
- Why OnlyFans can't just create its own payment network. (protocol.com)
- Why Spotify ($SPOT) is buying back shares. (techcrunch.com)
Policy
- The U.S. could be poised for a post-Covid productivity boom. (washingtonpost.com)
- Eliminating additional unemployment benefits hasn't gotten people back to work. (politico.com)
- How much of Covid relief was stolen? A lot. (nbcnews.com)
- Why the U.S. should take a look at Canada's immigration policies. (nytimes.com)
- The number of incarcerated Americans continues to decline from high levels. (pewresearch.org)
Economy
- The effect of the Delta variant on the economy is global in nature. (econbrowser.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks last week on Abnormal Returns. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Coronavirus links: a better alternative. (abnormalreturns.com)
- Context matters: the case of Palantir's vaunted vault of gold. (abnormalreturns.com)
- My post on the disappointing past year for gold over at the YCharts blog. (get.ycharts.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)
