Quote of the Day
"Live in a skeptical world when there is money involved."
(Mark Rzepczynski)
Markets
- The S&P 500 returned 5.87% in November 2024. (on.spdji.com)
- It's hard to make the math on hedge funds add up. (humbledollar.com)
Companies
- The biggest risks to Google ($GOOGL) have nothing to do with anti-trust concerns. (wsj.com)
- The Microstrategy ($MSTR) story will make for a great book one day. (readtrung.com)
AI
- It looks like Twitter shareholders are going to get bailed out by their stake in xAI. (on.ft.com)
- Finally a use for AI that everyone can agree on. (cbsnews.com)
Finance
- Why Europe seems unable to create an independent tech giant. (on.ft.com)
- The rise of corporate bond ETFs allows dealers and investors to trade more easily. (advisorperspectives.com)
- Swipe fees are a growing cost for small businesses. (nytimes.com)
Budgeting
- When you do the math, it's hard to find trillions to save in the federal budget. (econbrowser.com)
- The Department of Veteran Affairs now makes up 5% of the federal budget. (economist.com)
- No-limit vouchers are blowing a hole in the state of Arizona's budget. (politico.com)
Health care
- Why Medicare pays wildly different prices for the same drug. (wsj.com)
- Covid skeptics will soon be in charge of public health. (theatlantic.com)
- We are rolling the dice with H5N1. (marginalrevolution.com)
Policy
- What is the so-called 'abundance movement' all about? (prospect.org)
- The math on mass deportation doesn't add up. (reason.com)
- Taxing unrealized capital gains is a bad idea. Just ask Norway. (paragraph.xyz)
- Can adjusting the tax code help increase fertility? (vox.com)
- The SEC is paying out (big) to whistleblowers. (sherwood.news)
Economy
- Real wages are still rising. (econbrowser.com)
- Don't mix household and establishment payroll data. (ritholtz.com)
- Be prepared for higher policy uncertainty for awhile. (econbrowser.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks this week on the site. (abnormalreturns.com)
- We are doing a Bluesky-themed book giveaway just in time for the holidays. Details here. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Have you signed up for daily e-mail newsletter? Well, you should. (abnormalreturns.com)
Mixed media
- Some book recommendations from Seth Godin including "Hum: A Novel" by Helen Phillips. (seths.blog)
- The ten best books about food from 2024 including "Frostbite: How Refrigeration Changed Our Food, Our Planet and Ourselves" by Nicola Twilley. (smithsonianmag.com)
- Why Taylor Swift is bypassing traditional book publishers. (theatlantic.com)
