Quote of the Day
"Economics is the story of cycles. Things come, things go."
(Morgan Housel)
Markets
- How the stock market has, on average, responded to a strong Friday sell-off. (quantifiableedges.com)
- It's hard not to notice all the FOMO out there. (humbledollar.com)
- Bond market participants have become more homogeneous. (economist.com)
Crypto
- Crypto can be a nightmare at tax time. (barrons.com)
- Stephen Diehl, "If there is any innovation in crypto assets it’s not in software engineering, but in financial engineering." (stephendiehl.com)
Companies
- Big Tech are the new conglomerates. (nytimes.com)
- Do we really want our companies to break down along partisan lines? (nytimes.com)
- Why publishers are signing onto Twitter ($TWTR) Blue. (adweek.com)
Finance
- Private equity deals are set to top $1 trillion in 2021. (wsj.com)
- Don't be surprised if BNPL services come under more regulation. (protocol.com)
Fund management
Omicron
- It's going to take a while before we know anything definitive about Omicron (statnews.com)
- The Omicron variant is already in a number of countries. (wsj.com)
- Countries are taking an "act first, ask questions later" approach to Omicron. (npr.org)
- The UK is reimposing some restrictions in light of the new variant. (on.ft.com)
Policy
- Rising wages, at the low end, have been a long time coming. (ritholtz.com)
- Punitive tariffs are making the economic situation worse. (nytimes.com)
- A chunk of the labor shortage is missing foreign-born workers. (washingtonpost.com)
- The opioid crisis can be traced back to the introduction of Oxycontin. (academic.oup.com)
- At the very least, people should have lead-free water. (bloomberg.com)
Economy
- On the evolution of one-year inflation expectations. (econbrowser.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks last week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Coronavirus links: viral evolution. (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)
Mixed media
- A review of "Boom and Bust: A Global History of Financial Bubbles" by William Quinn and John D. Turner. (blogs.cfainstitute.org)
- What you can learn from "Investing Demystified: How to Create the Best Investment Portfolio Whatever Your Risk Level" by Lars Kroijer. (bankeronwheels.com)
- Insights from James Dyson's memoir "Invention: A Life." (mastersinvest.com)
