Quote of the Day
"It’s one thing for a company to revise guidance lower. It’s another much scarier thing for a company to admit they just don’t know where things are headed. That’s real uncertainty."
(Sam Ro)
Markets
- Are we finally seeing an opening for international diversification? (awealthofcommonsense.com)
- Don't let politics drive your decision making. (wsj.com)
Education
- Alaska's rural schools are crumbling. (npr.org)
- This school superintendent in Texas makes $870,000 a year to oversee some 1,000 students. (propublica.org)
Social Security
- What it would take to reform Social Security today. (marketwatch.com)
- 150 year olds are not receiving Social Security payments. (crr.bc.edu)
- SSA employees can no longer read 'general news' websites. (wired.com)
- Major Social Security legislation hasn't passed since 1983. (bostonreview.net)
Policy
- 50 thoughts on DOGE including 'DOGE in its Elon iteration is much more focused on two metrics: number of federal employees and dollars saved. ' (statecraft.pub)
- DOGE is eliminating IRS workers with specialized knowledge and expertise. (propublica.org)
- How DOGE cuts are affecting the VA. (nytimes.com)
- DOGE is cover to extend tax cuts for the wealthy. (johnrekenthaler.substack.com)
- These Congressional districts are most exposed to DOGE cuts. (axios.com)
Economy
- The GDPNow reading for Q1 2025. (econbrowser.com)
- No one really knows where tariffs stand. (ft.com)
- Economic policy uncertainty isn't going down. (econbrowser.com)
- As immigrant worker fear increases, labor shortages are looming. (nytimes.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)
- The 2025 UBS Global Investment Returns Yearbook is out! (abnormalreturns.com)
- There's no such thing as excess savings when you are on your own. (abnormalreturns.com)
- You can now follow us on Bluesky. (bsky.app)
- Are you signed up for daily e-mail newsletter? Well, you should be. (abnormalreturns.com)







