Quote of the Day
"The bottom line is that the doomer narrative doesn’t make much sense in a world where the US Dollar is surging relative to everything else."
(Cullen Roche)
Chart of the Day
No matter how you slice it, it has been a bad decade for bondholders. (chart via @ycharts)
Markets
- Good luck getting a good handle on this stock market. (theirrelevantinvestor.com)
- Under what conditions is the stock market more likely to crash. (morningstar.com)
Rates
- The increase in bond yields is as impressive as the actual rise in rates. (econbrowser.com)
- Why higher interest rates aren't have a bigger effect on the economy. (tker.co)
- Why are mortgage rates are as high as they are. (axios.com)
Birkenstock
- Putting a value on the Birkenstock IPO. (aswathdamodaran.blogspot.com)
- The story behind the rise of Birkenstock. (fastcompany.com)
Immigration
- Li Yuan, "China is facing a brain drain, and the United States isn’t taking advantage of it." (nytimes.com)
- Immigrants often work to clean up after natural disasters with little thought to their protection. (grist.org)
- How Chicago became a magnet for Venezuelan migrants. (nytimes.com)
Policy
- Is there a viable fix for the recurrent threat of a government shutdown? (econofact.org)
- The Supreme Court has become hopelessly tainted by conflicts of interest. (theatlantic.com)
- We need more legislation on personal data privacy. (crr.bc.edu)
- How old is too old to hold office? (statnews.com)
- Texas prisons have a heat problem. (theguardian.com)
Economy
- Nobody should want a recession. (fasterplease.substack.com)
- Why the Fed should push pause. (employamerica.org)
- Seniors are a growing part of consumer spending. (wsj.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks this week on Abnormal Returns. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (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)
