Tuesday morning news drop
Low Treasury Yields Today, the 10-year Treasury yields a paltry 1.5%. With real rates negative, the near-consensus view is that rising inflation will end the 35-year Treasury bull market. And commentators are arguing that Treasurys at 1.5% have far less upside than they did at 6.4%. (Verdad)
Let’s Face It, Most Bankers Are Going Back to the Office Despite the press releases, very few companies have actually committed to new, more flexible ways of working. Credit Suisse is a case in point. (Bloomberg)
Why fragility is the new reality for the stock market An imbalance has developed between the supply of and demand for liquidity, and as a result we’ve seen a significant increase in the potential for the public equity market to jump from a state of calm to one of chaos. Consequently, we tend to distrust situations where stability has become the consensus, as we believe any change in the narrative is apt to bring surprisingly drastic changes in the equilibrium. (Wellington Management)
Record Stock Sales From Money-Losing Firms Ring the Alarm Bells If you think a rush by companies to sell their shares is a bad omen for the market, imagine a scenario where most of the sales come from firms that don’t make money. It’s happening now. Since the end of March, almost 100 unprofitable U.S. companies, including GameStop Corp. and AMC Entertainment Holdings Inc., have raised money through secondary offerings, twice as many as coming from profitable firms. (Bloomberg)
Shrinkflation Is an Economic Monster Worth Watching When inflation strikes, retailers have a proven strategy to pass the costs on to consumers. (Bloomberg)
No, it doesn’t need to be a Zoom: We’re wasting hours of our lives on inefficient video calls. Here’s how to decide when you should jump on a Zoom – and when not to (Wired)
The Future of Fire in Canada We’re on the brink of a ‘runaway fire age.’ Here’s why. And how to respond. (Tyee)
Instagram’s Parent Trap Influencers modelling an idyllic image of motherhood are highly clickable—but pictures never tell the whole story (Walrus)
The population inflection For a long time population growth in the region was quite sedate and predictable, growing slowly at around 1%/year and that’s what the CRD has used to project population for the next 20 years in the Regional Growth Strategy. However starting in 2011, population growth in many parts of the Greater Victoria area accelerated suddenly, and this new higher rate of growth has continued up to 2020, the most recent data available. (House Hunt Victoria)