10 Wednesday Morning Readings – The Overview
My midweek morning
form The WFH reads:
• End of snow threatens to disrupt 76 million American lives The disappearance of the snowpack is accelerating the historic drought in the western United States, and so far government responses have fallen short of the problem. (Bloomberg)
• Is the US economy in recession? Here are eight lagging indicators to watch: From bursting bubbles to buying underwear, experts are looking for other ways to measure sentiment. (Bloomberg) see also Gas prices have fallen for 49 straight days and are approaching $4 a gallon US fuel costs fall after hitting record highs in June (Wall Street Journal)
• The entrance price: Months down 5% do not happen very often but they are not completely out of the ordinary. Over the past 96 years, on average, the stock market has fallen 5% or worse in a month about once a year. (A wealth of common sense)
• In front of George: If every instinct you have is wrong, then the opposite should be true. (Al Hambra Investments)
• Yes, you can short a startup: With synthetic derivatives, hedge funds can bet against the price of a startup and VCs can reduce the risk of an aging portfolio (Protocol)
• America’s mythological and vaunted CBDC: As investors face the so-called crypto winter, many are looking to central bank digital currencies as a possible solution. If only it were that simple. (Institutional Investor)
• How Moderna’s Covid Vaccine Boosted Boston’s Real Estate Market The company’s hiring spree and soaring inventory have led to increased purchases of luxury homes by employees during the pandemic. (The Wall Street Journal)
• If humans are the smartest animals, why are we so unhappy? New Books on Intelligence, Medicine Cocktails, Galactic History, and More (Scientific American)
• 9 ways the January 6 hearings are having an impact, from deflating Trump to squeezing Merrick Garland: The committee has begun to shake up the political landscape, suggests an analysis by Grid. And it’s not over: other hearings are scheduled for September. (Gate)
• The Most Midwestern Things on Earth, According to Data We looked at hundreds of thousands of Airbnb listings to calculate how the heart describes itself. (Washington Post)
Be sure to check out our Masters in Business interview this weekend with Hannah Elliott, which covers all things automotive for Bloomberg. We discuss today’s wild car market, electric motorcycles, LA car culture, vehicles competing with Tesla and all of his favorite hypercars, and why you should do the $10,000 Ferrari course.
Bond market chaos is a dangerous side effect of fighting inflation
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