Sunday links: not worrying about the why
Tadas Viskanta
Abnormal Returns
2 weeks ago
2 MIN READ
Markets
- Consensus earnings estimates did not follow the typical pattern in 2024. (tker.co)
- It’s hard not to see signs of market froth. (awealthofcommonsense.com)
- American households are pretty darn bullish. (apolloacademy.com)
Bitcoin
- The Microstrategy ($MSTR) story is hard to believe. (theirrelevantinvestor.com)
- Rebalancing makes a lot of sense with an ultra-volatile asset. (awealthofcommonsense.com)
Finance
- George Steer, “Private credit has grown up with a ZIRP silver spoon in its mouth, against a backdrop of generally benign credit conditions and low default rates.” (ft.com)
- Why activists investors sometimes fight losing battles. (axios.com)
Election results
- Did you know Trump’s share of the 2024 presidential vote has fallen below 50%? (politico.com)
- 2024 election results did little to derail the election denial industry. (wired.com)
- ‘Left behind’ counties voted overwhelmingly for Trump. (agglomerations.substack.com)
Health policy
- Why Americans turned against the public health establishment. (wsj.com)
- What can the head of HHS do about the state of food system? (politico.com)
- What groups are at-risk of higher insurance costs next year? (vox.com)
Policy
- The Biden administration is pushing CHIPS Act money out the door. (politico.com)
- ‘Drill, Baby, Drill’ talk aside, domestic oil and gas producers don’t really want to increase production. (wsj.com)
- So much for not hiring Project 2025 authors. (politico.com)
- Dark money is funding the Trump transition. (nytimes.com)
Economy
- Noah Smith, “A postindustrial economy like America’s has a whole lot of workers, but no real working class.” (noahpinion.blog)
- Restricting H1-B visas would be shooting ourselves in the economic foot. (npr.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)
- Have you signed up for daily e-mail newsletter? Well, you should. (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)
Mixed media
- The 49 best books of 2024 as chose by business leaders including “The Longevity Imperative: How to Build a Healthier and More Productive Society to Support Our Longer Lives” by Andrew Scott. (bloomberg.com)
- Tyler Cowen’s favorite non-fiction books of 2024 including “Nuclear War: A Scenario” by Annie Jacobsen. (marginalrevolution.com)
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