Friday morning news drop
Housing Affordability Crisis Increases Odds of Recession A prolonged sales slump in the $4 trillion industry would ripple through the economy. (Businessweek)
The great slowdown: Why inflation, housing and the labor market might be showing a recession — or something else Massive job growth, employer demand for labor and a booming housing market are all starting to come off the post-covid boom. (Grid)
How Bacon and Costco Fish Shape America’s View of Inflation Economic policymakers are razor focused on inflation expectations after more than a year of rapid price increases. Consumers explain how they’re thinking about rising costs. (New York Times)
Why This Crash is Worse Than 2020 (and Why It Might Be Over Soon) It’s been a little over six weeks since the S&P 500 officially entered a bear market and U.S. stocks are still 17% below their all-time highs. Naturally, you might be wondering whether our current crash is worse than the one we experienced in March 2020. (Of Dollars and Data)
Why do we still bother with active funds? ‘Manager vs Machine’ report finds that passive funds have fared better in choppy markets. (Financial Times)
A $9.4 Trillion Results Day Looms in a Test for Stock Market: For analysts, the last Thursday of July is always one of the busiest dates in the calendar. This year, it’s likely to be even more of a stretch. (Bloomberg)
The Chip Shortage Is Easing—but Only for Some: Certain chips have caught up with demand, thanks to stockpiling and reduced consumer spending, but the semiconductor supply chain is still snarled up (Wired)
The Mets and Yankees Have Traded Places for the Subway Series The Mets are big spenders. The Yankees have folk heroes. New York’s two baseball teams are among the best in the sport—and have swapped identities. (Wall Street Journal)