The morning of my return to work
the train WFH reads:
• What is the Fed doing? Don’t fight the Fed used to be a positive slogan. That doesn’t happen anymore. If anything, it seems the Fed wants to fight us, all of us, including the stock market and the economy. The Fed is actively trying to crash the stock market, collapse the housing market, and push the economy into recession. How do I know it? Because that’s literally what Fed officials are telling us every time they speak. (Common Knowledge Resources)
• A very difficult year: The S&P 500 has lost more than 1% in one of the four days so far in 2022. The only other years since 1990 with higher readings are 2008 when the S&P fell 38%, and 2002, when it fell 23%. (irrelevant investors) see more Backfiring stock-market dips. Investors keep piling on whatever. Stock prices continue to plunge, a strategy that has grown in popularity over the past decade. (Wall Street Journal)
• Factory jobs continue to grow as in the 1970s: US manufacturing is experiencing a rebound, with companies adding workers amid high consumer demand for products. (New York Times)
• Why Jack Welch won’t cut it today: Bill George, a legendary CEO in his own right, says good quarterly numbers aren’t necessarily indicative of strong leadership. (Institutional Investor)
• Pension braces for private-equity losses: Retired executives predict dire results from investments in private equity and other liquid assets (Wall Street Journal)
• The era of monster-truck sneakers considers the Soles an engineering marvel: Light but some walking when you wear these sneakers. (Business Week)
• Billionaire hedge fund manager disrupts NFL analytics: Paul Tudor Jones co-founded a new company that has invested significant resources into developing technology it believes can tackle one of sports’ most complex puzzles: how to build a winning NFL team. (Wall Street Journal)
• The search for intelligent life is about to get a lot more interesting: The universe contains an estimated 100 billion galaxies, with an incredible abundance of planets. And now there are new ways to spot signs of life on them. (New York Times)
• The Weird Psychology of Reddit’s r/roastMe: I dived into the weirdest place of intentional destruction online. (opposite)
• Runners may be disqualified for starting after the gun. Last hour? The rules of elite running state that no one can start a race faster than 0.1 seconds. Scientists say this is wrong. (Vox)
Be sure to check out our Masters in Business interview this weekend with America Online (AOL) co-founder Steve Case, founder of the Investment Firm Revolution, author of Four of the Smithsonian and The Rise of the Rest: How Entrepreneurs Are the New American in Amazing Places Dreams are made.
Consumers feel worse now than they did during the Covid lockdown
Source: Wall Street Journal
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