10 Wednesday morning reading-big picture


My morning in the middle of the week train WFH wrote:

The patient case of inflation: A careful reading of the data so far shows that current price pressures are still confined to the same special industries that have been driving inflation throughout the year. In addition, the measurement of actual consumer behavior shows that Americans’ response to price increases is not to hoard higher inflation, but to postpone spending in anticipation of increased affordability. (Overshoot)

Investors know that they have too much technology.This analysis shows that the situation is worse than they thought. Another way of looking at market capitalization-weighted index funds shows that investors are more exposed to the industry than during the tech bubble. (corporate investor)

Last year, investors shined on Peloton and Zoom. What should we do now? Some of the darlings of the pandemic “home” stocks have experienced a brutal sell-off. (New York Times)

Why health care workers resign in droves Since the beginning of the pandemic, about one-fifth of health care workers have left drugs. This is their story—and the story of the forgotten. (Atlantic Organization)

Encryption companies are defending in Washington, scrambling to assemble a lobbying machine The booming industry has recruited former top regulators and congressional insiders, but is working to harmonize its methods. (Washington post)

Sheila Bair: Why Lael Brainard is the most qualified to lead the Fed Anyone can raise interest rates. The hard part is knowing when to do this and how to do it without causing financial disruption. In order to meet this challenge, Brainard has far superior qualifications. (Yahoo News)

The population of New York City has actually grown during COVID – it needs fast housing The results of the 2020 Census confirm that the population of New York City has grown significantly in the ten years ending in 2020, an increase of 629,000. Urban population growth occurs through natural growth, that is, the number of births exceeds the number of deaths. The number of people who have migrated to the city domestically or internationally is roughly the same as the number during this decade. (New York Post)

Thanks to the Republican Party for the lowest global tax No one wants to say it, but the Republican tax plan is a model of center-left global transactions. (Full stack economics)

Why Skyfall is a master class in film photographyThanks to his photography and film skills, he does not always adjust the image later, but corrects it in the camera. Photographers should note that even when shooting James Bond, it comes down to basic elements: good lighting, composition, ISO knowledge, exposure, aperture and color. (Kate Clay)

• Stephen Curry’s scientific exploration of perfect shooting The best shooters in the NBA think the basket is too big. He uses technology to shrink it. Goal: “Swish swish swish swish”. (Wall Street Journal) You can also take a look Kevin Durant can score anywhere.Defense don’t know what to doThe middle distance game has basically fallen out of favor in the NBA, but not when Durant is on the court. (New York Times)

Be sure to check our Master of Business Meet Robin Wigglesworth, the global financial correspondent of the Financial Times in Oslo, Norway, next week. He focuses on reshaping market and investment trends, from technological disruption to quantitative investment.His new book is Trillions: How a group of Wall Street traitors invented index funds and changed finance forever.

If the components have not changed since 1997, where will the Dow Jones Industrials index go?

source: Rosenberg Research via Steve Goldstein

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