Quote of the Day
"Twitter’s role as the universal news feed made it very easy for writers to mistake Twitter drama for actual news."
(Noah Smith)
Chart of the Day
The bond market doesn’t love the strength in energy stocks. (chart via @ycharts)
Markets
- How is corporate America maintaining high profit margins? (tker.co)
- The performance of the big tech stocks is a historical anomaly. (awealthofcommonsense.com)
Apple
- Horace Dediu, "The iPhone customer is 7.4 times more valuable than the Android customer." (asymco.com)
- Apple ($AAPL) had to be dragged kicking and screaming to the USB-C for the iPhone. (bloomberg.com)
- The science behind the iPhone screen glass. (readtrung.com)
- Can you merge two Apple IDs? Not easily. (fastcompany.com)
Venture capital
- Why VC-backed startups focused on the 'creator economy' have disappointed. (hunterwalk.com)
- VCs are feeling the pressure as exits grind to a halt. (theinformation.com)
Global
- U.S. companies operating in China are stuck between a rock and a hard place. (nytimes.com)
- China is facing a lost economic decade. (economist.com)
- War has not tamed Ukraine's persistent corruption problems. (nytimes.com)
IRS
- There is no shortage of wealthy people with back taxes owed. (apnews.com)
- Where the IRS is actually spending their additional funding. (theconversation.com)
- Researched show stepped up tax audits more than pay for themselves. (nber.org)
Policy
- Why has Medicare spending, contrary to expectations, flattened out? (nytimes.com)
- If you are a pension chief, set your benchmark so that you can earn a bonus every year, despite middling performance. (wsj.com)
- How to solve the student loan crisis without forgiving debt. (businessinsider.com)
- The U.S. has yet to feel the backlash from widespread gambling legalization. (vox.com)
- Why stadium subsidies still exist. (econofact.org)
Work
- The pandemic hiring boom is over. (wsj.com)
- Have we overestimated the jobs impact of startups? (econbrowser.com)
- Why bosses like paying bonuses vs. actual pay raises. (vox.com)
- Which companies are going get left behind. (thebasispoint.com)
Economy
- Q3 GDP forecasts differ widely. (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)
- Public predictions are exhausting. (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
- Charlie Warzel, "We are living in a steaming paradox. As both an entertainment business model and a consumer experience, streaming has become a victim of its own success." (theatlantic.com)
- This cable company dropped its video services and started offering customers YouTube TV. (hollywoodreporter.com)
