Long weekend is here at last! Head to the beach with some sunscreen and our morning train reads:
• By this metric, bonds have never been more valuable (Vanguard)
• How The Finance Industry Tricks You (A Wealth of Common Sense)
• It’s Not the Economy, Stupid (Real Time Economics) see also Here’s one really obvious way to boost the US economy (Quartz)
• The Bogus Basis for Boss Bonuses (WSJ)
• How the Constant Threat of War Shaped Israel’s Tech (Bloomberg)
• The World’s Biggest Industry Just Got Served: The FDA’s new food labels catch up to reality — and will drive the biggest shift the industry has seen in recent history (Medium)
• Why does Donald Trump’s no-expense-spared, world-class properties keep turning into huge losers when it’s time to report their value to the IRS? (Daily Beast) see also Bookings at Trump Hotels Plummet (Priconomics)
• This Is What the Future of American Politics Looks Like (Politico)
• Why Snapchat’s Influencer Economy Runs on Hot Tubs, Selfies, and Whey Protein (Businessweek)
• South Africa, One Nation United by the Grill (NYT)
Be sure to check out our Masters in Business interview this weekend with Burton Malkiel, author of A Random Walk Down Wall Street and professor at Princeton.
US Government Boosts Average Maturity of Its Debt
Source: Bloomberg
