Quote of the Day
"While investors took it too far, so did employees, it appears. Companies are now telling their workers it’s time to come back to work."
(Michael Batnick)
Chart of the Day
Affordability issues are putting pressure on homebuilder confidence. (chart via Mortgage Daily News)
Rates
- Rising bond yields continue to boost future returns. (awealthofcommonsense.com)
- Companies are not betting on lower rates any time soon. (ft.com)
- How higher interest rates are going to pinch corporate profits. (klementoninvesting.substack.com)
Finance
- Blackstone ($BX) is not backing away from the growth equity business. (bloomberg.com)
- Is there a structural imbalance in the secondary market for private equity fund stakes? (institutionalinvestor.com)
- Peace has broken out at Blue Owl ($OWL). (semafor.com)
- Five insights from "The Problem of 12: When a Few Financial Institutions Control Everything" by John Coates. (nextbigideaclub.com)
- In defense of David Solomon, CEO of Goldman Sachs ($GS). (ft.com)
Streaming
- The easy money days for Disney ($DIS) are over. (stratechery.com)
- Streaming prices are only going in one direction: up. (wsj.com)
- The FAST space is rapidly evolving. (variety.com)
Russia
- The Russian ruble keeps falling in value. (semafor.com)
- The war in Ukraine continues to take its toll on the Russian economy. (axios.com)
- What, if anything, can Russia do about the falling ruble? (economist.com)
Global
- Japan's economy grew at a 6.0% rate in Q2. (nytimes.com)
- China's economy may be in more trouble than they are willing to admit. (wsj.com)
College
- West Virginia University is cutting its language departments. (marginalrevolution.com)
- Public universities are not immune from favoring the wealthy in admissions decisions. (theatlantic.com)
- Denmark, the Netherlands and Norway are trying to downgrade the use of English in their universities. (economist.com)
Economy
- What everyone got wrong about inflation. (morningstar.com)
- The August NAHB showed decreasing builder sentiment. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Research links: sticking with losing decisions. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: financial compassion. (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)