10 Wednesday AM Read – The Big Picture

My mid-week morning the train WFH reads:

The 10-year Treasury yield rose to 4%, the highest since 2008: Treasury 10-year yields rose above 4% to their highest level since October 2008, as investors were rattled by worries about the Federal Reserve and potential Japanese sales of US government debt. An index of US sovereign securities posted its worst year since 1970 after St Louis Fed President James Bullard warned the central bank would need to raise interest rates to maintain its credibility. (Bloomberg)

The United States is running out of land for housing: Land-use restrictions and lack of infrastructure make it difficult for developers to find sites to build houses; ‘Almost across the board, you’re fighting for land’ (Wall Street Journal) see more Why is a New York apartment still so hard to find? The epidemic exodus from the city did not usher in an era of cheap rents. (Bloomberg)

You are not good at this. A recession is so engineered and man-made that every economist, politician, business owner, college student, CEO, rapper, and professional athlete has been able to watch it happen in real-time for months and months. (reform broker)

Asset managers aren’t letting politics derail their strategies — at least for now: It has been business as usual for many global firms targeting US investors. (Institutional Investor)=

Lumber prices return to near their pre-Covid levels: Rising interest rates take the ax to one of the pandemic’s most popular commodities (Wall Street Journal)

The crypto world is on edge after a string of hacks: More than $2 billion in digital currency has been stolen in hacks this year, shaking faith in the experimental field of decentralized finance known as DeFi. (New York Times)

Americans are fake and the Dutch are rude! Is it true that emotions may be different but, ultimately, we all have the same emotions—that deep down, everyone is like themselves? This means that once you take the time to get to know someone, you can recognize and understand the feelings of people from different backgrounds, speak different languages, come from other communities or cultures. But are other people as angry, happy and scared as you? And what are your feelings like theirs? I don’t think so. (behavioral scientist)

Maybe we won’t end up like the dinosaurs NASA has taken a big step to protect Earth from dangerous asteroids. (Atlantic) see more The universe is a dangerous place. NASA has just shown that it is possible to defend the Earth against it. Humanity now has the beginnings of a real defense against asteroids. (Vox)

‘A Crisis Coming’: Twin Threats to American Democracy: American democracy faces two distinct threats, which together represent the most serious challenge to the country’s governing ideology in decades. A growing movement between the country’s two main parties – the Republican Party – refuses to accept defeat in an election The second is that the power to set government policy is increasingly disconnected from public opinion. (New York Times)

The question behind the Magnus Carlsen-Hans Niemann drama: How to cheat in chess? A cheating scandal has turned chess upside down—and put a new spotlight on how a player can cheat without being detected. (Wall Street Journal)

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.

Historical real rate

Source: @planmaestro

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