Quote of the Day
"In sum, the U.S. economy today looks pretty much like the one we had before Trump took over."
(James Surowiecki)
Markets
- Why we need to remind ourselves about market lessons over and over again. (tker.co)
- After Datadog ($DDOG), the next stocks that could be headed into the S&P 500. (sherwood.news)
Trading
- Dark pools are taking market share and the exchanges are not happy about it. (barrons.com)
- Jane Street has been suspended from trading in India's stock market. (cnbc.com)
Finance
- Marc Rubenstein, "Like water finding its way around rocks in a stream, capital flows wherever it can. In finance, somebody, somewhere, is always dancing." (netinterest.co)
- ETFs are growing, even in areas where they shouldn't. (barrons.com)
Food
- Even before the SNAP cuts, more Americans were going hungry. (axios.com)
- Food banks are on the front lines of coming budget cuts. (politico.com)
Crime and punishment
- Why wearing a mask is dangerous for ICE officers. (slate.com)
- So much for fighting MS-13. (nytimes.com)
Policy
- Derek Thompson, "The policies might be esoteric, but the tradeoff could not be clearer. We’re throwing poor families off health care and food assistance to make budgetary space for American dynasties and the “stealthy wealthy.” (derekthompson.substack.com)
- Medicaid is a popular program with a growing enrollment. (paulkrugman.substack.com)
- How much recent pardons have cost the Treasury. (forbes.com)
- The administration has frozen $7 billion in education funds. (wsj.com)
- The National Security Council is in disarray. (politico.com)
- The governor of South Dakota earns a $130,000 salary. So getting $80,000 out of nowhere is a big deal. (propublica.org)
- Laurence Kotlikoff, "This is Ponzi Scheme Fiscal Finance." (larrykotlikoff.substack.com)
Global
- How to rebuild Britain, including 'It is all about housing, everywhere.' (daviesrichard.substack.com)
- To compete with China, does the U.S. have to become more like China? (thenewatlantis.com)
- Cuts to American science funding are a gift to the rest of the world. (bigthink.com)
- How European universities are recruiting American academics. (wsj.com)
- Chinese students in the U.S. are under siege. (theatlantic.com)
- RIP, USAID. (npr.org)
Economy
- Some signs of weakness in the labor market. (morningstar.com)
- How the falling dollar will boost inflation. (apolloacademy.com)
- Central banks keep buying more gold. (econbrowser.com)
- Energy prices are set to rise. (theatlantic.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks this week on the site. (abnormalreturns.com)
- Newer, cheaper, better isn't always. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
