Tuesday morning news drop
Why everybody’s hiring but nobody’s getting hired America’s broken hiring system, explained. (Vox)
Teetering property developer Evergrande sparks contagion fears for China's economy Company with $300 billion US debt load poised to miss key interest payment (CBC)
Why Buying the Dip is a Terrible Investment Strategy Previously I’ve written about why buying the dip can’t beat dollar cost averaging, even if you were God. (Dollars and Data)
The Crashes That Nobody’s Talking About The stock market is having a very good year. The S&P 500 printed 53 new all-time highs through the end of August, which is the most to that point in any year ever. Year-to-date, the index is up more than 20%. But as always, you have to look inside the index to understand that not every stock is moving in the same direction. (Irrelevant Investor)
This Ain’t It The index has been within 5% of its all-time high for the last 220 days. This streak, which looks like it’s coming to an end, is the 8th longest, going back to 1950. (Irrelevant Investor)
Peter Thiel’s Origin Story His ideology dominates Silicon Valley. It began to form when he was an angry young man. (Intelligencer)
Troll farms reached 140 million Americans a month on Facebook before 2020 election, internal report shows “This is not normal. This is not healthy.” (MIT Technology Review)
The Algorithm Tweaks Won’t Save Us What do you do about Facebook? (Galaxy Brain)
Jon Stewart Isn’t Laughing: He understands if you are delighted by his return to TV. But like the subjects he’ll cover on Apple’s ‘The Problem With Jon Stewart,’ his comeback is a little more complicated: “It’s ‘The Daily Show,’ but less entertaining — but also maybe more complete.” (Hollywood Reporter)
A lot of salmon died’: Ahousaht Guardians look to watershed restoration amid B.C.’s dangerously dry summer The province’s prolonged drought is exacerbating the damage done to Bedwell River by decades of forestry around Tofino. Now, First Nations and conservation groups are teaming up to protect salmon and bring the watershed back to life (Narwhal)
The condo outlook When the pandemic hit, it was clear pretty early that detached house prices would be very resilient to any potential drops. Prices were rising before, and COVID shifted preferences towards more space. The condo market was more uncertain, with sales depressed until last fall and prices unstable. However since last November it was also evident that the condo market was going to see a leg up in prices. Condos have been on a tear since then, jumping about 15% in price. (House Hunt Victoria)
