Sat.Nov 12, 2022 - Fri.Nov 18, 2022

Supply Chain Is 40% of Inflation

The Big Picture

. There is a new 60/40 in town, and it is the contribution to inflation from consumer demand for goods and the pandemic-broken supply chain. That is according to a study by Julian di Giovanni, who publishes at the NY Fed’s blog Liberty Street Economics.


The Reformed Broker

Glamour is a supernatural form of mental compulsion or influence that is specific to vampires.


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Tuesday links: the tragedy of DeFi

Abnormal Returns

Bonds Mortgage bond buyers are on strike. After the sell-off, how attractive are muni bonds? Liquidity in the U.S. Treasury bond market has dried up. Strategy Rubin Miller, "Nothing about being a great investor requires imagination."

Huge Layoffs Including Thousands at Amazon and FedEx in Peak Shipping Season

Mish Talk

Amazon Layoffs Amazon Set to Lay Off Thousands of Corporate Workers The layoffs come as Amazon is undertaking a broad review of costs, The Wall Street Journal reported last week. That review has focused on the devices unit, which the Journal reported has lost $5 billion annually in some recent years.

Best Practices to Ace Your Close

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Whether you’re on a 1-day close or a 10-day close, there are some fundamental commonalities that all strong accounting departments share when it comes to the month-end close. Please join us for an informative webinar where we share best practices that your team can implement today to ace your close.

Six Degrees of Separation

The Big Picture

I wonder how far my view of the universe is from (objective) reality. My pal Dave Nadig suggests that we are all much further away from any sort of recognition of the true universe than we suspect.

More Trending

Kitces & Carl Ep 99: What Does It Take For You To Find The Confidence To Take Action?

Nerd's Eye View

For many financial advisors, improving business development strategies can be a challenging task to address. With the myriad tools available to advisors that help them analyze the potential outcomes of their ideas and strategies, collecting the data to do so has become easier than ever.

3 Lessons From the Collapse of FTX (Video)

Pragmatic Capitalism

In this video we discuss the collapse of FTX and the crypto markets and what we can learn from this bear market. This video includes: 1) Understanding volatilities relative to [ …

Light Posting Due to C19…

The Big Picture

So, the whole house is down with Covid. I had some minor symptoms I assumed were vaccine side effects, but I kept testing negative. By the time I tested positive it was way too late for Paxlovid. I isolated to keep everyone else safe. Too late!

Crypto Audits Explained In Two Words: Fraudulent Kiting

Mish Talk

Preparing for Proof or Reserves Casting Suspicion Suspicion of CryptoCom and GateIO.

Global Hiring Guide for Startups

Grow your startup beyond borders and boundaries. In this eBook, you’ll discover how you can gain a competitive edge over your business rivals through the latest technology, harnessing global contractors, and using a global employment platform.

Weekend Reading For Financial Planners (Nov 19-20)

Nerd's Eye View

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that AdvisorTech giant Envestnet has announced a partnership with New Zealand-based FNZ that will allow Envestnet to offer custodial services to advisors beginning in the second half of 2023.

Do We Implement Portfolio Construction Completely Backwards?

Pragmatic Capitalism

I’ve had three big investing epiphanys in my investing career. The first big epiphany was that macro matters much more than micro. The direction of the river is much more [ …

Transcript: Dave Nadig

The Big Picture

?. The transcript from this week’s, MiB: Dave Nadig, Financial Futurist at VettaFi , is below. You can stream and download our full conversation, including the podcast extras on iTunes , Spotify , Stitcher , Google , YouTube , and Bloomberg.

Math 203

US Treasury Yield Curve Is One of the Most Inverted in History

Mish Talk

Strong Recession Signal Since 1990, the spread between 30-month T-Bills and the 10-year Treasury Note was only more inverted ahead of the 2001 recession. Since 1990, the spread between 30-month T-Bills and the 30-year long bond has only been more inverted a couple of times.

Redefining Wealth: Money Management, FinTech, Inclusion, and Belonging

Speaker: Marguerita Cheng - Chief Executive Officer at Blue Ocean Global Wealth

Join Marguerita Cheng for an engaging conversation on rethinking the concept of wealth and how everyone can benefit from professional money management.

Discussing Inflation And Market Turmoil Using Questions To Navigate Difficult Client Conversations

Nerd's Eye View

With inflation running hot, a potential recession looming, and both stock and bond markets seeing significant drops so far this year, there is no shortage of potential stressors for financial planning clients.

Top clicks this week on Abnormal Returns

Abnormal Returns

Also on the site Can a business go from 'extreme reliability' to 'unreasonable hospitality'? Top clicks this week How to live a 'stealth wealth' lifestyle. The risk/reward equation for bonds has done a 180. How FTX unraveled.

Math 151

10 Weekend Reads

The Big Picture

The weekend is here! Pour yourself a mug of Dan9ish blend coffee, get comfy om bed, and get ready for our still-Covid-positive, longer-form weekend reads: • Was Jack Welch the Greatest C.E.O. of His Day—or the Worst?

Crypto Exchange AAX Suspends Operations for 7 to 10 Days, What's Going On?

Mish Talk

Integration Issue or Fraud Issue? An ATX notice says " Due to the current market situation, the integration is taking longer than usual." Is this an integration issue or something else? Please consider the AAX announcement Forward Through Adversity.

Top 7 Global Employment Challenges

Global expansion brings many opportunities for companies. However, there are pitfalls along the way that can slow down progress. In this eBook, we look at the 7 key challenges to global growth, and ways to minimize expansion headaches.

#FA Success Ep 307: Dropping Your Broker-Dealer License Without Dropping The Broker-Dealer Platform, With Stacey Hyde

Nerd's Eye View

Welcome back to the 307th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Stacey Hyde.

Sunday links: how things change

Abnormal Returns

Markets The U.S. has been outperforming international equities for some 15 years. More industry sectors have regained their 200 day moving average. FTX The collapse of FTX is a hard reset for the industry.

10 Thursday AM Reads

The Big Picture

My morning train WFH reads: • Sam Bankman-Fried, the disgraced boy king of crypto, explained : He was a billionaire who had quickly amassed political and philanthropic influence. What happened? ( Vox ).

Existing Home Sales Decline 9th Month, Down Another 5.9 Percent

Mish Talk

Existing home sales from the National Association of Realtors via St. Louis Fed. The National Association of Realtors (NAR) reports Existing-Home Sales Slumped 5.9%

Sales 203

Global Hiring Guide: Top Emerging Fintech Hubs

The fintech industry is growing exponentially. Companies can find the talent they need in top emerging fintech hubs around the world. Highly skilled global candidates are available to hire — companies just need to know where to look for them.

Hiring Next-Gen Associate Advisors: A Guide To Recruiting, Training, And Retaining For Your RIA

Nerd's Eye View

In the not-so-distant past, the typical career path toward becoming a financial advisor was to build up a book of business on one’s own, often by either tapping into one’s own personal networks or cold-calling prospective clients in bulk to generate enough business to gain a foothold.

Podcast links: growing ear share

Abnormal Returns

The biz 1 in 5 Americans listen to a podcast on a daily basis. Podcasting is growing its 'share of ear.' Companies Patrick O'Shaughnessy talks with Parker Conrad who is co-founder and CEO of Rippling.

10 Sunday Reads

The Big Picture

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • ‘What if Yale finds out?’ : Suicidal students are pressured to withdraw from Yale, then have to apply to get back into the university ( Washington Post ). •

Those Age 65+ Constitute 81% of the Working Age Population Increase In the last 3 Years

Mish Talk

Data from BLS, calculation and chart by Mish. Definitions The Civilian Noninstitutional Population is defined as persons 16 years of age and older residing in the 50 states and the District of Columbia, who are not inmates of institutions (e.g.,

The HR Compliance Playbook: How to Improve Speed-to-Hire

Every global growth to-do list should begin with compliance. Navigating international jurisdictions can be complex and time-consuming, but with solid, up-to-date compliance procedures, companies can maximize efficiency, speed-to-hire, and mitigate risks.

Some news…

The Reformed Broker

Today my firm Ritholtz Wealth Management announced the hiring of our friend and colleague Jay Tini for the newly created role of President. Jay will be slotting in with our executive team starting January 1st and I couldn’t be more excited.

Longform links: the rise of the influencer

Abnormal Returns

Book stores Jason Guriel, "The [book] shop’s most valuable contribution is its calm, authoritative curation." How opening a book store made Ryan Holiday a better writer. Science Science PhDs increasingly head to industry instead of academia.

10 Monday AM Reads

The Big Picture

My back-to-work morning train WFH reads: • Big Investors Are Giving Up on Crypto Markets Going Mainstream : Bitcoin as a portfolio diversifier hasn’t worked for investors Crypto won’t ‘find a home in institutional asset allocation’. Bloomberg ).