I returned to work in the morning The train WFH reads:
A Awaiting remedy for high price: They often say that the cure for high prices is high prices. The idea is that when the price of something goes up too much, very few people will be willing or able to pay for it. And so the demand goes down, and the price goes down. But while inflation is really heating up, the problem is – ridiculously – consumers and businesses are in an unusually strong financial position. And while it may prevent an economic downturn from becoming an economic catastrophe, it is also a curse that has enabled consumers and businesses to pay higher prices. (TKer)
A Losses in stocks, bonds or crypto? Uncle Sam share your pain It has been a brutal year for the market. The good news is: you can pay your losses at the time of sale. Here’s what to look for and tactics to help ease the way. (Wall Street Journal) See more Abandon stock for bonds? If only life were so easy. Investors who have avoided bonds for years need to re-evaluate their objections, even if there is no magic solution to the problem of inflation. (Wall Street Journal)
A Leaders are imagining the market in 2052: We asked the top executives at Goldman Sachs, Citigroup, Bridgewater what innovations would make a difference in the next 30 years. (Market)
A It’s time to dump the biofuels out of your gas tank The blending mandate was supposed to help deal with emissions. In practice, plant-derived alternatives have become a stumbling block. (Bloomberg)
A The 3M’s ‘Forever Chemicals’ crisis has hit Europe Fighting over a tunnel project in Antwerp has revealed extraordinary levels of toxins in the water, soil and people near the company’s factory. This time there could be a criminal case. (Business Week)
A ‘After the lockdown, things exploded’ – how TikTok started a book revolution.: Did teenagers take control of the publication? With over a billion views from some authors, we see how TikTok is electrifying the book world – creating bestsellers, reviving classics and rescuing neglected genres (The Guardian).
A These nerves affect almost every internal organ. Can it improve our mood? On social media, exercises aimed at “toning” one of the longest nerves in our body have been identified as a cure for anxiety and other mental illnesses. Here’s what the research says. (New York Times)
A Pedestrians who are tired of waiting for cities to slow down Members of the Crosswalk Collective are painting crosswalks at the corners of residential areas around Los Angeles. Each new crosswalk represents a small point of contention between automobiles and pedestrians, in places where the city has taken no action and so those people must. They are handmade, as opposed to DIY infrastructure. I love them. (Slate)
A Mike Pence is an American hero: Democrats should respect Republicans who want to end Trumpism. (Atlantic)
A Palais Intrigue: A post from Cannes 2022: Ear Tuxedo is built on people. The festival is not so much about movies as it is about glamor and more importantly access to it. The classification of access extends to the press badge, which ranges in importance from pink to blue to yellow; Party invitation; Availability of interviews; A nearby feudal ticket system; And almost every other aspect of the festival. But first of all, the sequence is: those who are in the ear and those who are not, and that is what allows the festival to work. (Buffalo)
Be sure to check out our Masters in Business this week with Mobius Capital’s Mark Mobius. Known as the “Godfather of Emerging Markets”, he was tapped by Sir John Templeton in 1987 to run Templeton Emerging Markets, one of the world’s first EM funds. Over the next 30 years, he visited 112 countries, invested in 5,000+ companies, and traveled 1,000,000+ miles. It has helped Templeton Emerging Markets Group grow from $ 100 million in six markets to বিল 40 billion in 70 countries.
US inflation now in the middle of the pack, 48th out of 111 countries covering the most up-to-date data available
Source: Jim Reed, Deutsche Bank
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