Thursday morning articles
The Death of Crypto Has Been Greatly Exaggerated, Again: Crypto’s descent into hell, rather than sending institutional investors straight for the exits, has triggered a hunt for the next big bet. (Institutional Investor)
Why Today’s Inflation is Not a Repeat of the 1970s: I’m not a huge fan of the Federal Reserve’s current policy choices. They obviously had to do something about the persistently high inflation but I think they run the risk of overdoing it. The magnitude of their interest rate hikes increases the risk of something breaking in the financial system. (A Wealth of Common Sense)
The messy true story of the last time we beat inflation: The usual narrative about the “Volcker shock” leaves a lot out — and policymakers risk learning the wrong lessons. (Vox)
How Investors Feel About ESG Initiatives A survey finds that investors’ attitudes vary widely by age, wealth and the specific ESG issue. (Wall Street Journal)
Mortgage Rates Too High? (Blame the Fed, Wall Street and Your Neighbor) Lenders use several bits of data to set mortgage rates, including trading moves by investors. Without market volatility, the rate could be under 7 percent. (New York Times)
Can the Fed fight inflation without triggering a meltdown? After the recent turmoil in Britain, anxiety about the stability of the financial system is rising alongside interest rates. (Washington Post)
It’s not just politicians: American workers are facing a sharp spike in threats and violence: Harassment is worse for everyone from airport screeners to librarians to nurses: “That’s my Tuesday death threat.” (Grid)
How job openings explain everything in the economy and the markets right now: The level and trajectory of this metric has been very telling. (TKer)
U.S. workers have gotten way less productive. No one is sure why. Bosses and economists are troubled by the worst drop in U.S. worker output since 1947 Image without a caption. (Washington Post)
Why Musicians & Other Creative Professionals Will Soon Get Their Revenge on the Old Guard: I finally have happy predictions about the future of arts & entertainment. (The Honest Broker)
Elon Musk’s Twitter Faces Exodus of Advertisers and Executives: At least five Twitter executives have left in recent days, as one of the world’s largest ad companies said clients should pause spending on the social media platform. (Dealbook)
Silicon Valley’s Unbridled Euphoria Runs Into Economic Reality: Once-buzzy start-ups had held out against the new reality that the good times are over. No longer. (New York Times)
Can a new form of cryptography solve the internet’s privacy problem? Techniques which allow the sharing of data whilst keeping it secure may revolutionise fields from healthcare to law enforcement . (The Guardian)
Taylor Swift Makes History as First Artist With Entire Top 10 on Billboard Hot 100, Led by ‘Anti-Hero’ at No. 1: Swift passes Drake, who claimed nine of the top 10 in September 2021. (Billboard)