Quote of the Day
"There is simply no excuse for a person with his [Musk] talents, resources, and opportunities to create so much pointless noise."
(Sam Harris)
Markets
- You can't rely on any single indicator. (tker.co)
- Why interest rates are rising. (disciplinefunds.com)
Crypto
- Pump.fun is the face of the memecoin business. (wired.com)
- Speaking of memecoins, Trump is pumping his own. (theblock.co)
- Incoming Commerce Secretary Howard Lutnick's firm, Cantor Fitzgerald, is a key Tether player and ally. (bloomberg.com)
Fund management
- Three reasons why thematic ETFs underperform by any metric. (morningstar.com)
- BIg hedge funds had a solid 2024. (wsj.com)
TikTok
Immigration
- Nine myths about high skilled immigration. (agglomerations.substack.com)
- Undocumented immigrants make up big chunks of the construction and agriculture sectors. (apolloacademy.com)
- How undocumented immigrants help fund Social Security benefits. (nytimes.com)
- Americans are in favor of deportations, but squishy on the details. (axios.com)
Voting
- First past the post voting systems are the worst possible. (marginalrevolution.com)
- What would it look like if the U.S. had a multi-party system? (nytimes.com)
Crime
- Violent crime in most major cities fell in 2024. (politico.com)
- Time is running out to prosecute Covid-era unemployment insurance fraud. (wsj.com)
Policy
- Public school vouchers are helping to blur the line between church and state. (newyorker.com)
- Are Americans really ready to pay the real cost to insure their houses? (wsj.com)
- The risks of health cost-sharing ministries. (vox.com)
- The consensus around Havana Syndrome is cracking. (theatlantic.com)
- Anti-semitism is a pervasive, global issue. (telegraph.co.uk)
Economy
- Q4 GDP is tracking in the 2-3% range. (calculatedriskblog.com)
- Where business cycle indicators stand. (econbrowser.com)
- California has its problems, but has been a big part of the success of the U.S. (paulkrugman.substack.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks this week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- You can now follow us on Bluesky. (bsky.app)
- Are you signed up for daily e-mail newsletter? Well, you should. (abnormalreturns.com)
