Monday morning news drop
Today’s freakishly low mortgage rates can’t last. What will pandemic home buyers do when they rise? There’s a postpandemic period of reflection coming where we look back on the decisions we made while COVID-19 raged and wonder, what the heck were we thinking? Get ready for it, home buyers. Living in a big home in the suburbs may suit you now, but will you be able to afford your mortgage after you renew it at much higher rates? (Globe and Mail)
Will Higher Interest Rates Kill Growth Stocks? Interest rates are important. They’re the lifeblood of the economy. To say they’re one of several inputs instead of the only input is not to minimize their importance, but to state reality. (Irrelevant Investor)
The Stock Market Is Smarter Than All of Us The idea of the wisdom of crowds is not that a group will always give you the right answer but that on average it will consistently come up with a better answer than any individual could provide. The same is true of the stock market. The stock market isn’t always right but it is amazing how much it’s right more often than it’s wrong. (A Wealth of Common Sense)
Layoffs at Stanfield's a blow to community The local MLA says the loss of 150 jobs at Stanfield's in Truro, N.S., is a blow to the community. The company, a fixture in the community for more than 150 years, recently lost a government contract to manufacture medical gowns. (CBC)
What Those Shocking Texas Power Bills Have in Common With Uber Surges, Broadway Tickets, and Airfare It’s called marginal-cost pricing, and it isn’t just a red-state problem. (Slate)
Shopify’s Sustainability Fund Investing $5M annually in the most promising solutions to fight climate change. (Shopify)
Atlantic Ocean circulation at weakest in a millennium, say scientists Decline in system underpinning Gulf Stream could lead to more extreme weather in Europe and higher sea levels on US east coast (Guardian)
