Tuesday morning news drop
How to Navigate the 'Great Reset’ The closest parallel is the post-World War II era, which led to massive economic and societal changes. (Bloomberg)
Unloved 60/40 Strategy Needs a Modern Makeover to Win Over Skeptics After half a century, the venerable investment allocation formula is showing some signs of age. But that doesn’t mean retail investors need to start from scratch. (Bloomberg)
200+ Years of Asset Class Returns There is a very good case to be made that returns over the next 50-100 years will be lower than they’ve been over the past 50-100 years. There’s simply more knowledge about the markets now, an implicit backstop from the Fed, lower interest rates and ever-increasing valuations. On the other hand, costs have never been cheaper, the barriers to entry to get invested have never been lower. (Wealth of Common Sense)
$ASS Coin Billionaire: Tales From the Fringe of the Crypto Craze Meet the thrill-seeking traders who are prowling for profits in the wildest corners of the market — all in search of the next big coin. (Bloomberg)
iTrapped: All the things Apple won’t let you do with your iPhone Have you ever tried to swap Siri for a better voice assistant on your iPhone? Don’t bother, you can’t. Tried to buy e-books from the Kindle app? Can’t do that, either. Send iMessages to someone with an Android phone? Nope. Backup your iPhone to Google Drive? Nope. Get your own iPhone repair parts from Apple? Nope. Transfer your digital life to a different kind of smartphone? When you buy an iPhone, it isn’t really yours. (Washington Post)
If Democracy Is Dying, Why Are Democrats So Complacent? Democrats are unwilling to match their language of urgency with a strategy even remotely proportional to it. (The Atlantic)
Are Democrats sleepwalking toward democratic collapse? “I’m not sure people appreciate how much danger we’re in.” (Vox)
Why Are So Many Albertans Vaccine Hesitant? Jason Kenney modelled a mistrust of science and journalism — and COVID is just the latest way it’s backfiring. (Tyee)
Why You Should Wait Out the Wild Housing Market Pick a housing statistic at random, and it’s probably setting an all-time record. Home prices: record high. Inventory: record low. Percentage of homes selling above asking price: record high. Average time on market: record low. (The Atlantic)
May – Mixed signals in the market May ended with 1049 sales, 1333 new listings, and 1450 properties on the market. That’s the lowest level of inventory for any May on record (second lowest was 1896 in May 2017) combined with the second highest sales rate. (House Hunt Victoria)
