My weekend morning
the train WFH reads:
• Labor is the best way to solve the labor shortage: In July we added a net 1/2 million jobs, wages rose sharply and the unemployment rate fell to a 50-year low. It is a sign of progress. (Stay Home Macro)
• The market’s top inflation story struggles with the Fed: No signs the Fed will change its mind and agree to cut rates again next year (Wall Street Journal) see more The Fed may just collapse the global economy: Real stress on energy supply systems in certain parts of the world, particularly Europe. The real US economy is not in crisis mode. There are some signs of a slowdown in the real-estate market, but the real economy is not slowing as fast as the Fed would like. (detective)
• Florida’s insurance market was already in trouble. Then came Hurricane Ian. Will taxpayers end up on the hook? Experts expect insurers to cover up to $40 billion in damages. (grid)
• There is more upside to the downside for long-term investors For long-term investors, time in the market is more important than timing the market. “It pays to invest and balance precisely when it’s most difficult to do so.” (TKer)
• Is the efficient market hypothesis true? A broad assumption about the stock market is that it is efficient. But is it strictly true? (US News)
• What does an office mean? Two architects discuss: Technology has changed the shape of our workplace. The authors of a new book spanning 50 years of design history explain how. (CityLab)
• An epidemic of confusion: When bad thoughts happen to good people: Something seriously went wrong. An alarming number of citizens in America and around the world are embracing crazy, even dangerous ideas.” (Commonweal)
• The secret microscope that sparked a scientific revolution: How a Dutch fabric seller created the most powerful magnifying lens of its time—and the next 150 years—and was the first person to spot a microorganism. (of wire)
• How will we know when China is preparing to attack Taiwan?: If war is Beijing’s plan, there will be reliable indications that it is coming. (Carnegie Endowment for International Peace)
• Steve Cohen’s new edge at the playoff-bound Mets is hedge fund money The billionaire investor has gone from high-stakes trading to professional baseball and is pushing his advantage by spending big to win. (Bloomberg)
Be sure to check out our Masters in Business interview with Crowe Holdings CEO Michael Levy this weekend. The firm is the largest developer of multifamily-homes in the United States. Crowe is both a developer and investor in commercial real estate, specializing in multifamily, industrial and office properties across 21 markets in the United States.
Working from home is not an urban escape hatch
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