Quote of the Day
"The Fed’s toolkit is blunt, and it has a blunt impact - like a sledgehammer. Things are getting better, but the path is long - and bumpy."
(Kyla Scanlon)
Strategy
- Selling covered calls isn't income. You know what pays income? Bonds. (awealthofcommonsense.com)
- How 5% safe interest rates change the investment landscape. (wsj.com)
Venture capital
- Why entrepreneurs are wary of starting a new company in Israel these days. (nytimes.com)
- Down rounds are becoming normalized. (news.crunchbase.com)
Finance
- Private equity funding is increasingly is in syndicated loans or private debt. (ft.com)
- M&A activity is off to a slow start in 2023. (theinformation.com)
Housing
- Housing shortages and new household formation will put a bottom in house prices. (ritholtz.com)
- More people live in Chicago's Loop than did before the pandemic. (bloomberg.com)
- The business of Florida condominiums can be pretty cut throat. (wsj.com)
Economy
- The January PCE came it higher than expected. (calculatedriskblog.com)
- Manufacturing is hanging in there. (bonddad.blogspot.com)
- A Q&A with Mary Daly, the President and CEO of the San Francisco Federal Reserve. (kyla.substack.com)
Earlier on Abnormal Returns
- Podcast links: uncertain economics. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: bad incentives. (abnormalreturns.com)
- The 2023 Credit Suisse Global Investment Returns Yearbook is here! (abnormalreturns.com)
- Do less to do better. (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)
