Sunday links: the pain of tariffs
Tadas Viskanta
Abnormal Returns
1 month ago
3 MIN READ
Strategy
- Ben Carlson, “The pandemic turned us all into a bunch of degenerate gamblers.” (awealthofcommonsense.com)
- How much active management do we need to have a relatively efficient stock market? (humbledollar.com)
- You have to stay in the game long enough to allow compounding to work. (buildingthingsthatlast.substack.com)
Crypto
- A look at the few who made, and many that lost, money on $TRUMP. (nytimes.com)
- More endowments are allocating to Bitcoin. (on.ft.com)
Prediction markets
- Robinhood ($HOOD) is pushing back against the CFTC’s decision to halt Super Bowl related futures contracts. (riabiz.com)
- It wouldn’t take much to have sports gambling via prediction market providers legal across the country. (bloomberg.com)
Apple
- Why Apple ($AAPL) should ditch the App Store model. (macworld.com)
- A 2024 Apple ($AAPL) report card. (daringfireball.net)
Immigration
- ICE is continuing ‘catch-and-release’ policy. (axios.com)
- Guantanamo wasn’t built for this. (politico.com)
NIH
- Harlan M. Krumholz, “The NIH’s drastic reduction in indirect costs is not a path to innovation or cost savings — it’s a path to the erosion of the very system that has made the U.S. the global leader in medical research.” (statnews.com)
- Some thoughts on how to better allocate NIH grants, prior to this week’s goings-on. (sensible-med.com)
USAID
- The damage from knee-capping USAID is going to mean that people die. (theatlantic.com)
- How the demise of PEPFAR could put millions of Africans at-risk. (wired.com)
- Destroying USAID plays into the hands of our enemies. (danieldrezner.substack.com)
DOGE
- Elon Musk’s ultimate goal: replacing bureaucrats with technocrats. (wapo.st)
- On the damage that DOGE-types can do rummaging through sensitive government systems. (theatlantic.com)
CFPB
- The CFPB has ceased regulatory activities. (nbcnews.com)
- Cutting off funding to the CFPB will likely end up losing the government money. (housingwire.com)
Policy
- Trump 2.0 = Project 2025. (politico.com)
- The U.S. created a civil service because the spoils system was a disaster. (theatlantic.com)
- Once you break stuff, you can’t simply unbreak it. (nytimes.com)
- The intelligence services are distracted. That’s when mistakes happen. (econbrowser.com)
- This executive order is ‘grotesque.’ (marginalrevolution.com)
Economy
- Signs of economic weakness are piling up. (calculatedriskblog.com)
- The U.S. is leading the developed world in economic growth, unfortunately it lags on nearly every other measure of societal health. (nytimes.com)
- How to make reasonable arguments for some targeted tariffs. (noahpinion.blog)
- Why central bank independence matters for inflation outcomes. (econofact.org)
- 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)
Mixed media
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