My morning The train WFH reads:
A Assembly below: There are four major bottoms in the history of the US stock market – 1932, 1974, 2003, and 2009. While all of these are unique in their own way, each had at least three assemblies in the way of 10% or more. . It is useful to examine how the US stock market has historically declined and the false rallies that have taken place along the way. (Dollars and data)
A The questionable legacy of Jack Welch: Welch’s legacy eventually helped destroy General Electric, a former giant of American industrialism. The combination of scandals, terrible deals and financial crises has thrown the company into the abyss. Soon, it will no longer be in its current form – the current leadership plans to divide the company into three parts. (Axios) See more GE CEO: Overrated Jack Welch vs. Underrated Jeff Emmelt Welch had a good time, Emmelt didn’t. Accounting Shenanigans at GE Capital under Welch, then the financial credit crisis, but all confirm that the emult will come short. Nevertheless, many still consider Welch to be the gold standard for CEOs. (Large image)
A When crypto tulipmania meets the real economy Regulators are beginning to consider how to keep DeFi from becoming the next subprime. (Bloomberg)
A The real reason for the high price of gas: don’t just blame the price of oil, blame the refinery With the onset of the summer driving season, the prospect of cheap gas seems slim. (Grid)
A States help business owners make large savings in federal taxes, along with salt-cap workarounds. In 27 states, lawmakers’ annual savings of $ 10 billion exceed the $ 10,000 state and local tax deduction limit. (Wall Street Journal)
A Why Boeing’s successful Starliner test is a big deal: Space is playing an increasingly active role in daily life, whether through space tourism or the rise of the satellite Internet. This makes the moment an important milestone for competition in the commercial aerospace industry. The future of space is already dependent on a single company, which is largely controlled by Elon Musk, an important step for them. (Vox)
A ‘Everything is terrible, but I’m fine’: A Mindset That Explains Much About Economy, Electoral Politics, and Human Nature (The Atlantic)
A The Hipster War in New York: If New York is an area of cultural domination in America, is Manhattan vs. Brooklyn the new front line? Why the clash of city cultures between progressive Brooklyn and transnational Manhattan ushered in a new era in American politics. (New statesman) See more NYC companies are opening offices where their employees live: Brooklyn 7 Some companies have relocated to make travel easier as employees return to the office. (New York Times)
A State law that is most effective in stopping mass shootings: As the death toll continues to rise in Texas after the shooting, a health scholar’s study found that a few state policies could reduce gun violence by a third. (Citylab)
A Meteors carry the impression of a supernova before the birth of the solar system: A strange meteorite found in western Egypt in 1996 contains small fragments of debris from a supernova; Not just a supernova but a remnant of a one-time Sun-like star caused by the explosion of a white dwarf. If so, this would be the first evidence of such a relatively close supernova before the birth of the Sun and the planets. (Sifi Wire)
Be sure to check out our Masters in Business interview this weekend with Dan Chung, CEO and Chief Investment Officer of Alzar Management, which manages $ 35.3 billion in client assets. After graduating from Harvard Law Review, he served as Law Clerk for the Honorable Justice Anthony M. Kennedy of the United States Supreme Court. On September 11, the firm lost 35 people, including its CEO, and donated the Alger 35 ETF in their memory.
Where does the supply chain crisis stand now?
Source: Morningstar
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