Quote of the Day
"We’re a nation of bad drivers in huge cars traversing roads constructed for volume and speed, our long commutes into our oversubscribed cities making us miserable, our trucks getting damaged by the climate change they helped create."
(Annie Lowery)
Rates
- Allan Sloan, "Don’t fall in love with your money fund." (barrons.com)
- You likely don't need a long-term bond fund. (wsj.com)
Strategy
- The market's most important lessons have to be experienced. (microcapclub.com)
- No portfolio strategy is perfect. (rogersplanning.blogspot.com)
- Financial trends reverse just when they seem inevitable. (humbledollar.com)
Companies
- Why Boeing ($BA) took its eye off manufacturing quality. (theatlantic.com)
- How success is changing Novo Nordisk ($NVO). (nytimes.com)
- Chipotle ($CMG) is on a roll. (wsj.com)
Finance
- Blackstone ($BX) jumped into the fray for the Hipgnosis Song Fund. (ft.com)
- The battle between mutual funds and ETFs is entering the final stage. (philbak.substack.com)
Taxes
- How much do higher taxes prompt millionaires to relocate? (theatlantic.com)
- Is there a better way to maximize charitable giving absent a tax deduction? (vox.com)
- Trying to tax all families equitably is a dilemma. (city-journal.org)
Policy
- Pivoting defense policy is hard. (noahpinion.blog)
- A look back the administration's initial reaction to the Covid pandemic. (publicnotice.co)
- Who the safety net in the U.S. leaves out. (axios.com)
- The gun debate too often omits the problem of suicide. (npr.org)
- Cellphone data shows people go to church less they claim. (nber.org)
- How book bans have spread across America. (npr.org)
Economy
- Why wealth inequality is growing. (downtownjoshbrown.com)
- Why the Fed focuses on core inflation. (disciplinefunds.com)
- The Fed's communication regime is a mess. (stayathomemacro.substack.com)
- The losses from entering the workforce during a recession are real. (papers.ssrn.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)
- Are you a financial adviser looking for some out-of-the-box thinking? Then check out our weekly e-mail newsletter. (newsletter.abnormalreturns.com)