Sunday links: unprecedented sophistication
Tadas Viskanta
Abnormal Returns
4 days ago
2 MIN READ
Rates
- The yield curve is steepening. (morningstar.com)
- There’s not a lot of yield in high yield bonds. (apolloacademy.com)
Markets
- If this is a stock market bubble, it’s one of the weirdest ones ever. (awealthofcommonsense.com)
- The stock market is betting on continued rapid earnings growth. (tker.co)
- It’s the technology sector that seems ahead of itself. (carsongroup.com)
Private assets
- Why Goldman Sachs ($GS) is delisting its Petershill Partners unit. (ft.com)
- There’s no reason to believe that individual investors will have, on average, good results with private assets. (barrons.com)
Weather
- National Weather Service staffers are struggling to maintain normal operations. (wapo.st)
- On the dysfunction at FEMA. (msn.com)
Policy
- More than 20 million Americans are facing higher insurance premiums next year if Obamacare subsidies are not renewed. (nytimes.com)
- Health policy is being decided by the whims of a couple of men with no medical or scientific training. (wsj.com)
- SSI recipients are struggling to get assistance from the SSA. (axios.com)
- Despite what the administration says, PEPFAR has not been preserved. (nytimes.com)
The Fed
- Claudia Sahm, “Packing the Fed is faster than persuading the Fed.” (stayathomemacro.substack.com)
- What if the goal of the takeover of the Federal Reserve is about more than low interest rates? (theatlantic.com)
Economy
- Just how dependent is the economy on tech spending? (econbrowser.com)
- Are we understating the growth in manufacturing productivity? (papers.ssrn.com)
- The research on the importance of high skilled immigration is unambiguous. (piie.com)
- Growth alone won’t solve the deficit. (larryswedroe.substack.com)
- 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)
- With great gratitude, remembering Jonathan Clements. (abnormalreturns.com)
- Don’t miss out! Sign up for daily e-mail newsletter. (abnormalreturns.com)
Mixed media
- The Financial Times and Schroders Business Book of the Year Award short list includes “Breakneck: China’s Quest to Engineer the Future,” by Dan Wang. (ft.com)
- Lessons from John Malone’s memoir: “Born to Be Wired: Lessons from a Lifetime Transforming Television, Wiring America for the Internet, and Growing Formula One, Discovery, Sirius XM, and the Atlanta Braves.” (mastersinvest.com)
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