The morning of my return to work
the train WFH reads:
• The metaverse real estate boom turns into a bust: The Metaverse is in the middle of a real estate disaster. Sales volume and the average price of virtual land have fallen this year, part of a broader slide in crypto and non-fungible token prices. The surge in interest in virtual property has spawned an industry that mirrors traditional commercial real estate—buyers develop land by adding virtual storefronts and then sell it to companies looking to set up shop as a marketing ploy or sell things like clothing for online avatars. or rent (information)
• US inflation appears to have peaked but debate rages over what happens next: Fed hopes to control inflation without too much economic pain; Skeptics say it will take a recession to lower prices (Bloomberg) see more Education from the ’80s, when Volk reigned supreme and rates were high 40 years ago when inflation was rising and the economy was slowing down, short-term investing was dangerous. But people with patience and a long horizon have come out right. (New York Times)
• Mexico: A Development Puzzle The country should be champion, but it is spinning its wheels. Why? (nohpinion)
• You, too, can make it rich on YouTube! A cottage industry is getting people to spend thousands to create video businesses on YouTube. Disclaimer: It’s harder than it looks. (New York Times)
• Carbon sequestration is big business: Porous rocks beneath the Gulf Coast ushered in the petroleum age. Now entrepreneurs want to turn it into a giant sponge to store CO2 (wired).
• The sneakerhead has been accused of running a massive Air Jordan Ponzi scheme: Zadeh Kicks promises the hottest sneakers at discounted prices. Shoppers say they haven’t received their shoes and are out millions of dollars (Bloomberg)
• How universal are our emotions? Psychologists have argued that affect is profoundly shaped by culture. They shouldn’t feel so confident (New Yorker).
• Discovered in the Deep: Snails with Iron Armor. The first of a new Guardian series on extraordinary new species found in the sea introduces the bizarre scaly-footed snail, or sea pangolin – a creature with a special trick (The Guardian)
• Think you didn’t have covid-19? think again Most people are infected with the virus, epidemiologists say, even if some don’t realize it. (Wall Street Journal)
• The Perils of Audience Capture: How Influencers Are Brainwashed by Their Audiences: We often speak of “captive audiences,” the performer hypnotizing their audience. But often, it’s the audience that hypnotizes the performer. This disease, of which Perry is a victim of many, is known as audience capture, and is essential to understanding influencers in particular and the online ecosystem in general. (prism)
Be sure to check out our Masters in Business interview this weekend with Anat Adamati, professor of finance and economics at the Stanford University Graduate School of Business. He is director of the Corporation and Society Initiative and a senior fellow at the Stanford Institute for Economic Policy Research, was named by Time magazine as one of the 100 most influential people in the world, and co-authored Bankers’ new clothes: What’s wrong with banking and what to do about it.
About half of US mortgage lenders own at least 50 percent equity
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