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
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