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‘Stonks’ Aren’t the Only Reason Why Businesses Should Know Their Memes: Know Your Meme, a leading online encyclopedia for memes, wants to turn its huge database into a profitable software tool for tracking internet trends. (Bloomberg)
The Period of Abundance Is Over: Jeffrey Gundlach, CEO of DoubleLine, worries that the Federal Reserve is overreacting in the fight against inflation. He expects a severe slowdown of the economy and says how investors can navigate today’s challenging market environment. A conversation with the Bond King. (The Market)
A Job Market Anomaly Begins to Correct: After diverging for awhile, business and household surveys of employment are headed in the same direction again: Up. (Bloomberg)
San Francisco Braces for Epic Commercial Real Estate Crash: The properties most at risk are mid- to lower-tier buildings purchased near the peak of the market (San Francisco Standard)
Russia Privately Warns of Deep and Prolonged Economic Damage Confidential document contrasts with upbeat public statements Report says key sectors face sharp drop in output, brain drain. (Bloomberg)
The Long Unraveling of the Republican Party: Three books explore a history of fractious extremism that predates Donald Trump. (The Atlantic)
In Montauk, Big Money Moves In On a Surfers’ Paradise: The acres overlooking a prize stretch of Long Island’s East End were empty for years. Now they’ve been sold in multimillion-dollar deals. It’s been the talk of the beach all summer. (New York Times)