train WFH reads:
• The Strong Dollar Is Wreaking Havoc Globally — And It’s Just Getting Started Dollar propelled higher by Fed hikes, fear of global recession. ‘No kryptonite’ to blow up greenback’s strength any time soon (Bloomberg)
• Housing Affordability Crisis Increases Odds of Recession A prolonged sales slump in the $4 trillion industry would ripple through the economy. (Businessweek) see also The great slowdown: Why inflation, housing and the labor market might be showing a recession — or something else Massive job growth, employer demand for labor and a booming housing market are all starting to come off the post-covid boom. (Grid)
• Why do we still bother with active funds? ‘Manager vs Machine’ report finds that passive funds have fared better in choppy markets. (Financial Times)
• A $9.4 Trillion Results Day Looms in a Test for Stock Market: For analysts, the last Thursday of July is always one of the busiest dates in the calendar. This year, it’s likely to be even more of a stretch. (Bloomberg)
• How Bacon and Costco Fish Shape America’s View of Inflation Economic policymakers are razor focused on inflation expectations after more than a year of rapid price increases. Consumers explain how they’re thinking about rising costs. (New York Times)
• The value of not flying Why might people decline an offer of up to $10,000 just to keep their feet on the ground? (Koenfucius)
• The Chip Shortage Is Easing—but Only for Some: Certain chips have caught up with demand, thanks to stockpiling and reduced consumer spending, but the semiconductor supply chain is still snarled up (Wired)
• What Keeps a Crowd from Becoming a Mob? Amid COVID, studies in Denmark suggest that crowds do not always engage in bad behavior—and that mass-gatherings sometimes offer meaningful connection. (Scientific American)
• Biden poised for big wins in Congress: After a long stretch when his legislative program stalled, Biden and the Democrats appear ready to notch a string of victories (Washington Post)
• The Mets and Yankees Have Traded Places for the Subway Series The Mets are big spenders. The Yankees have folk heroes. New York’s two baseball teams are among the best in the sport—and have swapped identities. (Wall Street Journal)
Be sure to check out our Masters in Business interview next weekend with Hannah Elliott, who covers all things automotive for Bloomberg. We discuss today’s wild car market, Motorcycles going electric, LA car culture, vehicles competing with Tesla, and all of her favorite hypercars, and why you should do the $10,000 Ferrari track course.
Why This Crash is Worse Than 2020 (and Why It Might Be Over Soon)
Source: Of Dollars and Data
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