Weekend here! Pour yourself a mug of Danish coffee, sit on the beach and get ready for our long weekend:
A The world’s bubble housing markets are flashing warning signs: Global financial tightening is squeezing home buyers, adding to the risk that a recession could make waves through the economy. (Bloomberg)
A Where do the assets go when the price of the assets goes down? It vanishes into nothingness. I’ve written a lot about stock and crypto market crashes. Sometimes I say that “the conceptual value of বেশি 2 trillion more than the peak of late 2021 is now gone.” And some people are asking me: Where did so much wealth go? The short answer is: it “didn’t go anywhere”. Disappeared. It exists off. This is not a natural or intuitive idea – how can resources disappear? – So this post explains how it works. And we will see, it has an impact on policy, how we think about inequality and how we plan our own financial future. (Nohpinion)
A Concerns of influential people: Educating the TikTok generation: According to a survey published in 2019, about 54 percent of Americans between the ages of 13 and 38, if given the opportunity, would become a social media influencer. A huge 12% believed that the term was already appropriate for them. Once inherited by successors like Paris Hilton and Kim Kardashian, the influence seems to have become completely democratic: “This is achievable for anyone except the new A-list celebrities. You can be alone in your bedroom in Cleveland, Ohio, and you can get a million followers overnight. That’s like crazy. That was never possible. Wealth, fame, and prestige have never been more attainable in the history of the world. ” (Harpers)
A How Nike Won the Cultural Marathon: The Brand Doesn’t Give Up as It Takes 50 Years. Half a century later, there is no escaping the fact that if the Goldman Sachs was once described as a “vampire squid” in the face of humanity, Nike has become part of the underlying core system of culture. And not just sneaker culture. (New York Times)
A Revenge of the earthworms: A gardener’s best friend? Think again. How aggressive jumping worms are destroying our ecosystem. Their fairly palm-length bodies have a distinct pale band that encloses one end, revealing their presence. They can accumulate at a density of 200 worms per square meter and chew through the top layer of organic matter in the soil, leaving a loose, easily eroded dirt that resembles coffee grounds. Forests, which seem to be particularly attractive environments for jumping worms, can lose 95% of their fallen leaf level within four months due to this infection. (Walrus)
A Spotify’s billion-dollar bet on podcasting has yet to be paid Joe Rogan, Bill Simmons and Call Rate Daddy didn’t fix the business. (Business Week)
A Peter Thiel has helped create great technology. Now he wants to tear it all up. Inside the journey of the billionaire investor, from a member of the Facebook board to an architect of new American rights. (Washington Post)
A Attention span. “Am I missing?” The [extremely simplified] Thesis: There is a characteristic difference between the hemispheres of our brain. Unlike pop psychology, both parties do the same thing, but they do it in completely different ways. In contrast to scientific rejection, the fact that both parties can do the same thing does not mean that the way they do is not at all important. (KCP Group)
A From Bad Reefs to Brain-Eating Amoebas: How Climate Change Reshapes Warm-Weather Games Rising temperatures, rising sea levels and more extreme weather are affecting how we play outdoor sports at all levels, from weekend fighters to professionals. (Grid)
A Here comes the sun – the end of civilization Each time, our star throws a plasma bomb in a random direction. Is our best hope the next time the world crosses? Capacitor. (Wire)
Be sure to check out our Masters in Business interview with Jonathan Miller this weekend to discuss real estate, home sales, rent and whether cities are dead. Miller is the CEO and co-founder of Miller Samuel, whose real estate-related data and analyzes have become the norm for the residential real estate appraisal and brokerage industries.
US top 1 percent fall and rise
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