My mar-a-lago free, two-for-Tuesday morning the train WFH reads:

Michael Scott Economics: Why should I not say my biggest weakness as an economy? Many people have jobs and wages are rising very fast. (Common Knowledge Resources) see more How to rewrite the rules in this economic moment: Jobs are plentiful. Sizzling demand. If the US is headed for recession, it is taking an unusual path, with many of the markers of a boom. (New York Times)

A bunch of charts show how the supply chain has improved: but is supply improving or demand deteriorating? The supply chain has improved considerably in recent months. The New York Fed’s Global Supply Chain Pressure Index 1 – a composite of various supply chain indicators – fell in July to its lowest level since February 2021, suggesting supply chains are easing. (TKer)

Because gas prices are finally coming down: The most significant driver of price decline? Demand, demand, demand. Multiple consumer surveys have found that years of rising costs have prompted many American drivers to rethink their primary means of transportation and drive less overall. (slate) see more Electricity is one part of US inflation that Congress can help control: Gas may drive energy price trends, but electricity is not immune to inflation. Subsidies for renewables in inflation-reducing law will encourage stabilization (Bloomberg)

Is 9% inflation bad? Try 90%. With the world struggling with rising prices, a tour through Argentina reveals that years of inflation can spawn a truly eccentric economy (New York Times).

Why is the market jumping?: Money has to go somewhere. The stock and bond markets, together, create an equilibrium, absent serious changes in the money supply or massive demand from the investing public. There is deadlock. (Reformed Broker) see more When the value of the dollar rises these factors are outstripped: The last three times this has happened, large-cap and quality stocks have outperformed the broader market. (Institutional Investor)

The new J.Crew: At its peak, J.Crew may be America’s most important menswear retailer. It then went bankrupt, and downtown commissioned New York designer Brendan Babenzien to bring it back. In a world that has gone crazy for streetwear and high fashion, can he make the oxford shirt and khaki pants cool again? (GQ)

The ‘form’ element created the modern web. Was it a big mistake? A tiny HTML widget gave us the almighty Amazon and Facebook. Pandora has no closing text (wired). see more How Facebook helped Axios sell for $500 million Money from Meta — and the rest of Big Tech — is pouring into Washington publications (recode)

How a sex assault victim hacked and put her attacker in jail: Unsatisfied with the way her case was being handled, a college student took matters into her own hands. (Business Week)

Inside Biden’s hot streak, from the poolside to the Capitol: As the president seeks to enact legislation that has eluded Democrats for decades, he made a key decision — to largely remove himself from the mix (Washington Post). see more What is really going on with Fox News, Rupert Murdoch and Donald Trump: The network does what its audience wants, not the other way around. (slate)

‘My Life As A Rolling Stone’ shines a stadium-worthy spotlight on the Rolling Stones. “The Beatles: Get Back” set a very high bar for musical nostalgia, but “My Life as a Rolling Stone” is no slouch, breaking the four band members into their own dedicated hours, three with extensive access to the surviving members and a K Who is serving as a chorus of rock vocals. Yes, you can’t always get what you want, but for Rolling Stones fans, it should come close. (CNN)

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.

 

A look at US federal funds futures and bond performance

Source: Dimensional

 

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