My weekend morning The train WFH reads:
A How Wall Street Survived Crypto Meltdown: As cryptocurrency prices plummet and funds fail, stricter rules on risky assets have helped Wall Street companies move from the worst to the worst. Retail investors were not so lucky. (New York Times)
A Crazy prices and long waiting times can ruin an electric-car test: Supply-chain snarls, shortage of raw materials, and record-setting inflation are turning the easy task of buying a car into a war against everyone, and there is no relief here. Could the electric-car market collapse under its own weight? (Vanity Fair) See more The electric car market is going crazy (and confusing) Bloomberg Green’s electric car ratings will help you create chaotic market ideas and find the most climate-friendly EV. (Bloomberg)
A Bond ETFs attract new investors with narrow offers Specialization allows investors to find profitable sectors despite increasing rates. But there are risks. (Wall Street Journal)
A Chaos is a ladder Everyone hates rules and regulations until it’s too late. The imaginary notion of software protocols and algorithms and communities polishing themselves flew in the face of 500 years of financial market history. Digital money is still money and people are crazy. No matter what kind of investment we are talking about, it does not change. Financial markets were born at a time where you could not drink water safely so everyone drank alcohol all day from lead-made cups. This is Europe of the 1500s. We were crazy then, crazy now. (Reform brokers)
A Time consuming, complex and misconceptions: why pension funds can’t keep a number on private equity fees The SEC and others are pushing for more transparency in the private market – but pensioners are concerned about the consequences. (Institutional Investors)
A Home sellers are reducing prices due to the sudden cessation of the epidemic boom The rapid rise in mortgage rates is cooling demand, pushing markets from coast to coast. https://www.bloomberg.com/news/articles/2022-07-01/will-home-prices-fall-sudden-housing-turn-has-sellers-paring-expectations
A Why you should quit your job after 10 years Labor experts say a radical career change every decade or two could be good for both workers and employers. (Business Week)
A You are not allowed to have the best sunscreen in the world: New, improved UV-blocking agents are being used in other countries year after year. Why can’t we keep them here? (Atlantic)
A Public land is the birthright of Americans. It is our duty to protect them against new land grabs How a couple helped save vast areas of the desert in the 1940s – and today provides a map to protect them. (Parent)
A And then the sea turned into a great milky green: Facing an Opportunity with a Rare Event called the Milky Sea Connects a sailor and a scientist to explain the haunting glow of the sea. (Hakai Magazine)
Be sure to check out our Masters in Business interview this weekend with Spencer Jacob, editor and author of The Wall Street Journal’s Hard on the Street column. In front of the tape Column He began his career as an analyst at Credit Suisse, where he eventually became director of emerging market equity research. He is the author of “That wasn’t the revolution: Gamestop, Reddit and the flirting of small investors“
The Bloomberg Economics model says the probability of a US recession will increase by 36%
Source: Bloomberg
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