10 Wednesday AM Read – The Big Picture

My mid-week morning the train WFH reads:

Jerome Powell’s Inflation Whisper: Paul Volcker Aiming to reduce inflation even at the risk of recession, the Fed chairman drew on a playbook from the 1980s. ‘We must hold it until the work is done.’ (Wall Street Journal) see more “Data-Dependent” Fed and Data Interpreting mixed signals across the economy with a focus on inflation, employment and market prices. (overshoot)

Were those greats the result of skill – or just luck? Spoiler: It wasn’t luck that gave Morgan Stanley Investment Management, Carmignac, Baird and Invesco some of the top equity portfolios. (Institutional Investor)

The rise of the dollar spells trouble for the global economy: The surge threatens to slow global growth and raise inflation headaches for global central banks (Wall Street Journal)

Don’t take financial advice from Kanye West: Nothing fails like success. You could argue that the more successful you are, the more advice you should seek from others. If nothing else, it’s good to hear from a wide range of sources to make sure you don’t fill yourself up too much. (Common Knowledge Resources) see more 6 Ways of Influence: 6 ways to influence the financial world and how you can prevent yourself from falling victim to such scams. (dollars and data)

The likelihood of a bad outcome increases: The prospect of more aggressive Fed tightening has raised expectations of a more severe economic downturn and sent financial markets into turmoil. (The Lens)

‘Dilbert’ has become the voice of ESG opponents: You know something is firmly mainstream when it gets its own cartoon enemy. (Bloomberg)

For Gen Z, TikTok is the new search engine: Need to find a restaurant or how to do something? Young people are turning to TikTok to find answers. Google has noticed. (New York Times)

YouTube can force you to watch 10 (or more) unwanted ads in a row: Satan’s biggest trick was to convince people that online content is free (honest brokers).

The Sinaloa cartel controls water in drought-stricken Mexico: “Water is a precious resource for us now, and as it becomes more scarce, we will fight harder to make sure we have enough,” a cartel operative told Vice World News. (vice)

Justin Jefferson, his wide receiver ‘sensei’ and the art of running silky-smooth routes: Vikings star Justin Jefferson can do something with his body that most other receivers simply can’t: “He’s an illusion.” (athletic)

Be sure to check out our Masters in Business this week with Albert Wenger, Managing Partner at Union Square Ventures. He co-founded 5 companies; was president of del.icio.us through the company’s sale to Yahoo; Angel investors Etsy + Tumblr. Wenger is the author of World After Capital, Transition to a knowledge age + describing its implications for business and society.

Mortgage rate surge kills refinancing boom

Source: Statesman

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