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I go to work in the morning train WFH wrote:
• the game has changed. Why is the long-term CAPE ratio offset if not rendered useless? Because the world has changed a lot since this dataset started. I guess where Research Affiliates and I disagree is that I’m open to the idea that higher multiples are reasonable. (irrelevant investor)
• Supply chain issues keep new homes without garage doors and gutters: Homebuilders blame bottlenecks for backlog of unfinished homes (Wall Street Journal) see also What we know about the 2021 economy This time, the government is trying to overheat the economy. For better or worse, it worked. (result)
• Resignation is only half the story: The truth behind the ‘big resignation’ Workers are leaving at a record pace, with a record 4.5 million leaving at the end of November — but that goes against the still-unexplained economic picture (protector)
• America’s Highest Housing Density Cities Builders react to market conditions when determining what type of structure to build. Builders are less likely to work on high-density projects when demand and prices for single-family homes are high. In the decade following the Great Recession, high-density units accounted for about one-third of new authorized units, peaking at 38.4 percent in 2015. (Construction scope)
• Bring a Trailer to $829 Million Car Sold in 2021, Walloping Auctions BAT posted total Mecum Auctions sales of $578 million on Dec. 28, more than double the $407 million total auction sales reported by RM Sotheby’s for 2021. Down the list, Barrett-Jackson confirmed annual sales of $191 million in 2021, while Gooding & Co. earned $150 million. (Bloomberg)
• Gladwell: Modest Advice for the Future of Public Philanthropy You can donate and receive corresponding tax deductions. However, you cannot name the building after you if you choose to tax the gift. (Oh MG)
• YouTube is ground zero for fraudulent election audit propaganda YouTube has become the epicenter of the campaign for a fraudulent election audit, even though the content appears to violate the platform’s election misinformation guidelines. Fifteen right-wing YouTube channels are distributing videos promoting the Arizona audit — and sometimes advocating for more such audits in other states — to justify the illegal process. (media affairs)
• Electric vehicles are not just vehicles.they are big batteries. In order for more Americans to use electric vehicles, we all need to realize that they can do more than just get us around. (recode)
• A year after the Capitol attack, domestic extremists pose a bigger threat Far-right domestic extremists like the one who attacked the U.S. Capitol a year ago have faced criminal charges from law enforcement and crackdowns by social media companies. But they didn’t disappear. Instead, experts say, they have evolved and adopted new strategies while restructuring, recruiting and entering the mainstream with worrying success. And their ranks are still growing. (buzzing)
• Javier Bardem’s Infinite Enthusiasm He played some of the most sinister villains in movie history. Now, the legendary Spanish actor is trying something scarier in Becoming Ricardo: singing and dancing. (GQ)
Be sure to check out our Master of Business interview Meet this weekend with Ray Dalio, founder, co-chairman and co-chief investment officer of Bridgewater Associates, the world’s largest hedge fund. Dalio’s latest book, Principles for Coping with a Changing World Order: Why Nations Succeed and Fail.
U.S. 10-year Treasury yield rises to highest level in two years
source: @lisabramovich1
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