The morning of my return to work the train WFH reads:
• ‘Inflation fever’ is finally breaking – but central banks won’t stop hiking rates: A slowdown in major commodity markets suggests some relief is on the way after the worst price shock in decades. (Bloomberg)
• Office last stand: It’s either the end of an era of flexibility where work goes – or the beginning of outright rebellion. (New York Times) see more What is the remote work controversy? They are back in the office for a while. Cubicles in downtown San Francisco and midtown Manhattan are mostly empty, but workers in America’s mid-sized and small cities have returned to their commutes. (New York Times)
• Will it be the first country to be bankrupted by crypto? It’s Been a Year Since El Salvador Adopted Bitcoin as Currency — Things Aren’t Going Well (Rolling Stone)
• 20 IRA Mistakes to Avoid: From contribution to conversion to distribution, don’t fall into this trap. (Sunset)
• GOP fury over ESG sparks backlash with US pensions at risk: Politicians in Florida and Texas continue to attack investment firms that weigh risks related to climate change and other social issues. (Bloomberg)
• Fueling the luxury farm market out west is the fabulously wealthy: The Mughals have always poured large fortunes on rural life, prompted in part by epidemics. (Washington Post)
• New data shows prolonged Covid is putting almost 4 million people out of work: 16.3 million (about 8%) working Americans currently have prolonged covid. (Brookings)
• Cities are bracing for this season’s clash of climate disasters May through October has become known as the “hazard season” — when the United States is most at risk of experiencing climate disasters such as heat waves, wildfires, droughts and storms. (CityLab)
• Donald J. Guidelines to stay away from anything Trump: Former presidents have a knack for avoiding consequences for their bad behavior. (Atlantic)
• Everyone is a critic Reclaiming a radical tradition of cultural criticism. (baffler)
Be sure to check out our Masters in Business next week with Eric Balchunas, senior ETF analyst at Bloomberg, where he’s co-creator of the Bloomberg Podcast Trillions and co-host of Bloomberg TV’s ETF IQ. He has written several books, most recently “The Bogle Effect: How John Bogle and Vanguard Turned Wall Street Inside Out and Saved Investors Trillions“
Monetary policy has tended to transition from expansionary to contractionary over the past 50 years
Source: Charles Schwab
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