Quote of the Day
"The reality is that luck (and, if you have a spiritual bent, grace) plays an enormous role in our lives – both good and bad – just as luck plays an enormous role in many specific endeavors, from baseball to investing to poker to winning a Nobel Prize to producing a chart-topping hit record."
(Robert Seawright)
Chart of the Day
Another sign the economy is strong – a sustained sub-4% unemployment rate. (via @charliebilello)
Markets
- Josh Brown, "Just please, no matter what you do, don’t say the G word. Never say it." (downtownjoshbrown.com)
- Just a reminder, markets are hard. (ft.com)
Finance
- The job market is hot for private credit professionals. (institutionalinvestor.com)
- Expect more office building loan writedowns. (finance.yahoo.com)
Ukraine
- Supporting Ukraine is a no-brainer. (econbrowser.com)
- How to use frozen Russian assets to benefit Ukraine. (ft.com)
Beef
- How the cost of a Big Mac varies across the U.S. (flowingdata.com)
- Steak houses are now de-emphasizing steak. (wsj.com)
- In praise of the patty melt. (nytimes.com)
Economy
- The January NFP report showed a big jump in jobs and a 3.7% unemployment rate. (calculatedriskblog.com)
- Some signs of weakness in a strong overall NFP report. (bonddad.blogspot.com)
- A stronger economy, for now, means higher mortgage rates. (thebasispoint.com)
- Why Topeka, KS is opening its arms to immigrants. (wsj.com)
Earlier on Abnormal Returns
- Podcast links: the science of quitting. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: celebrating catastrophe. (abnormalreturns.com)
- Are you a financial adviser looking for some out-of-the-box thinking? Then check out our weekly e-mail newsletter. (newsletter.abnormalreturns.com)