Thursday morning articles
Bonds Are the New Stocks. Where to Find the Best Yields. TINA is dead. She was murdered in this year’s bond massacre, a victim of the Federal Reserve’s belated lifting of short-term interest rates from near zero. But her passing presents opportunities not seen by many in this generation of investors. (Barron’s)
California Poised to Overtake Germany as World’s No. 4 Economy: Contrary to popular belief, the Golden State has proven resilient, outperforming its US and global peers. (Bloomberg)
Higher Interest Rates Can Take a Long Time to Bring Down Inflation: Lags between rate increases and real-world impacts raise the twin risks of tightening too much and too little. (Wall Street Journal)
How Front-Loading Rate Hikes Risks Financial Instability: Inflation requires faster increases, which intensify the threat of large financial accidents that can have nasty economic spillovers. (Bloomberg)
How Should a Business Bro Dress? Trading hoodies at the home office for hard pants, we take a snapshot of the finance bros in their native habitat. (New York Times)
Why Isn’t Inflation Falling? The U.S. consumer has likely never been more prepared for high inflation (and a potential recession) than they were coming into this period of higher prices. No one likes inflation but we love to spend money in this country. So most people have simply decided to complain but still spend through the pain of higher prices. (A Wealth of Common Sense)
No Longer Tied to Offices, Workers Are Still Bound by the Clock: While the pandemic shifted where work gets done, we’re still following Henry Ford’s advice about when it should get done. (Bloomberg)
Big Oil’s Surprisingly Bright Future. The Case for BP and Exxon: They Have a Surprisingly Green Future. (Barron’s)
How Steve Jobs Fleeced Carly Fiorina: The former HP CEO boasted of her friendship with Apple’s leader — but he took her to the cleaners with the iPod (Medium)
Comedy Wildlife Photo finalists – in pictures: From smiling triggerfish to a waving raccoon, the shortlisted images for the 2022 Comedy Wildlife Photo awards have been announced. Whittled down from thousands of entries submitted by professional and amateur photographers from around the world, we’re presented with a wonderful mix of hilarious wildlife. The winners will be announced on 8 December (The Guardian)