My morning train WFH wrote:

• Why Jerome Powell turned to inflation The surge in wages and benefits caught his attention. Other data quickly confirmed his concerns. (result)

• Inflation in the housing market And we have not even considered the fact that rising inflation will reduce your fixed monthly payment over time. Look at the debt situation of American homeowners: You might argue that homeowners have never had a better situation than them in the past cycle. (A wealth of common sense) You can also take a look Millennials are driving the housing market The generation that didn’t want to buy things now account for more than half of all mortgage applications for home purchases; economists expect them to boost demand in the next few years (Wall Street Journal)

• Six rules to avoid market panic It is a pity that there is no panic plan for investors. Delete close friends of financial media who became hysterical sharks. what should you do? How about seeking some practical solutions from West Point Military Academy? Nate Zinsser offers performance psychology courses at our most prestigious military academy. The trainees are facing tremendous pressure during the four-year plan. Zinsser’s tips are irresistible. (A teachable moment)

• Top consultants weigh: What financial habits should Americans change in 2022? Improve financial decision-making capabilities: We asked consultants and other wealth management experts about the habits that Americans should consider changing in 2022. This is part of The Big Q, our regular function is to seek the best answers from consultants to challenging questions. (Barron’s)

• The history of metal boxes that disrupt the supply chain: shipping containers explained by historians. Look at this simple container. This is a huge steel box that can carry tens of thousands of pounds of goods. It is also stackable and designed to be installed on marine ships, trains and even trucks. For decades, these containers have been an unnoticed cog in the world’s highly complex manufacturing network. But not anymore. (sound)

• Christmas starts to look more expensive Holidays this year feel more expensive as they are. This year’s holiday may feel more normal than last year. It will also be more expensive and basically comprehensive. In the United States and many parts of the world, inflation is now higher than in recent decades, partly due to mismatched supply and demand, kinked supply chains, and generally strange economic moments. (sound)

• How China’s trade agreement led to the great awakening: Twenty years have passed, who are the big winners of globalization? (The wrong side of history)

• A stranger looks like my twin.That’s just the beginning. How 23andMe uncovered family secrets. (New York Times)

• NFL and NBA games are now determined by Covid testing NFL teams like the Browns and Rams are suffering from the epidemic, while NBA stars like Giannis Antetokounmpo and James Harden are marginalized by the virus in accepting the paradigm of unbalanced competition. (Wall Street Journal) You can also take a look NFL is now a super spreader of COVID Currently, there are more than 70 active players on the NFL’s COVID-19 roster. (vice)

• Mel Brooks says his only regret as a comedian is the jokes he didn’t tell In his career, Brooks has told countless avant-garde jokes, but he does not regret it. “I won’t take back any of them!” he said. Instead, he said, it was the jokes he chose not to tell him: “There are so many jokes that I should explode, and I said, maybe this is a bit too much for the kids.” (NPR)

Be sure to check our Master of Business interview This weekend with Michael Maubousen, Who runs Unanimous research At Morgan Stanley’s buyer’s company, Counterpoint global. Mauboussin (and his co-author Alfred Rappaport) revise and update their book Expected investment: Read stock prices to get better returns.

2010-20 achieved the strongest profit growth in more than a century

source: A wealth of common sense

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