Quote of the Day
"The challenge with all market cycles is that they are so easy to see after the fact but so difficult to deal with when you are right in the middle of them."
(Barry Ritholtz)
Crypto
- Why the crypto market is at a crucial juncture. (thereformedbroker.com)
- A normie's guide to the cryptocurrency crash. (slate.com)
- On the knock-on effects of a stablecoin wipeout. (ft.com)
Bitcoin
- The case for Bitcoin being 'digital gold' is looking pretty shaky. (papers.ssrn.com)
- MicroStrategy's ($MSTR) big bet on Bitcoin is increasingly underwater. (tker.co)
- Bitcoin is trading like a tech stock. (nytimes.com)
Companies
- Disney's ($DIS) theme park business has bounced back. (variety.com)
- Airbnb ($ABNB) is making it easier to search for long-term rentals. (wsj.com)
- Instacart has filed to go public. (protocol.com)
Finance
- Affirm ($AFRM) looks more and more like a traditional lender. (ft.com)
- Leveraged loans have an important feature in this market environment. (institutionalinvestor.com)
Work
- Only 8% of Manhattan office workers are back in the office full-time. (nytimes.com)
- The key to employee retention is effective onboarding. (hbr.org)
Economy
- Is the Fed making a big mistake? (pragcap.com)
- Continuing unemployment claims are at historical lows. (bonddad.blogspot.com)
- What's behind the baby formula shortage? (theatlantic.com)
- Used car inflation is finally easing. (businessinsider.com)
Earlier on Abnormal Returns
- Longform links: appetite control. (abnormalreturns.com)
- If YOU are the product, how do you ever take a break? (abnormalreturns.com)
- Two thoughts on nostalgia. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: good ideas taken too far. (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)
