Employee's Job Market, Car Prices Increasing, and Negative Bond Returns

"Eat at a local restaurant tonight. Get the cream sauce. Have a cold pint at 4 o’clock in a mostly empty bar. Go somewhere you’ve never been. Listen to someone you think may have nothing in common with you. Order the steak rare. Eat an oyster. Have a negroni. Have two. Be open to a world where you may not understand or agree with the person next to you, but have a drink with them anyways. Eat slowly. Tip your server. Check in on your friends. Check in on yourself. Enjoy the ride." ― Anthony Bourdain

Wednesday morning news drop

  • Want a 19% Pay Boost? Get a New Job City hiring is bouncing back from Covid, recruiter says Number of jobs available in 2021 now same as in 2019 (Bloomberg)

  • As Employers Scramble to Fill Jobs, Workers Relish a Feeling of Power With plenty of companies hiring, workers are quitting their jobs in droves and starting their own ventures. ‘I refuse to accept a position that’s just a position.’ (Wall Street Journal)

  • New Car Price Keeps Climbing, with Average Now at Almost $47,100: Reduced supply, increased demand: It all adds up to higher prices for the new-car-buying public. (Car and Driver)

  • Rolls-Royce, Bentley, BMW Sales Surge as Cheaper Brands Lag Behind Luxury sales boom as car makers shift scarce chip and raw materials toward high-margin models (Wall Street Journal)

  • New law means significant tax relief when you pass your business on to your kids Under the old law, business owners took an extra tax hit if they sold to their children (Financial Post)

  • Housing affordability 'likely to get worse before it gets better' as listings hit all-time low 'There are currently fewer properties listed for sale in Canada than at any point on record' (Financial Post)

  • After ruining Android messaging, Google says iMessage is too powerful Google failed to compete with iMessage for years. Now it wants Apple to play nice. (Ars Technica)

  • iMessage is the glue that keeps me stuck to the iPhone The accidental social network. (The Verge)

  • What it’s like to make $100k+ walking dogs: The economics of dog walking can be lucrative — but the profession comes with a myriad of wild encounters. (The Hustle)

  • One Thing Covid Can’t Stop: Alcohol Sales: A welcome companion during lockdowns, booze has rebounded to pre-pandemic levels. (Businessweek)

  • Investment in building construction on the rise Investment in building construction hits $18 billion in November. (On-Site)

  • On Inflation, Trust the Market No indicator is perfect, but the market is right a lot more often than the zeitgeist. (Fisher Investments)