Sunday links: a quiet crackup
MarketsDoes it matter if the stock market actually falls 20%? (tker.co)American households own a lot of stock. (thesandboxdaily.com)FOMO is real. How to sidestep it. (humbledollar.com)CryptoA growing number of companies hold a substantial percentage of Bitcoin outstanding. (on.ft.com)Texas Governor Greg Abbott signed a bill establishing a strategic Bitcoin reserve. (theblock.co)How Circle ($CRCL) makes money. (gizmodo.com)FinanceSPACs are back! (ft.com)When VCs have a lot of capital to put to work, they can make some questionable decisions. (investing101.substack.com)ManufacturingChina has a manufacturing (profitability) problem. (noahpinion.blog)Would you want Uncle Sam on your company's board. U.S. Steel does now. (riskgaming.com)HousingJess Remington, "The housing crisis in America isn’t just about building more — it’s about building in the right places." (agglomerations.substack.com)What happens if sprawl in the Sun Belt dries up? (slate.com)WarfareWhy the U.S. is uniquely at-risk of attacks from within using drones and other technologies. (theatlantic.com)Why Western democracies are pretty good at war-making. (noahpinion.blog)Hardware, including defense, is getting a boost from VCs. (wsj.com)Totaling up the damage war has caused in Ukraine. (visualcapitalist.com)IranWhy Israel attacked Iran when it did. (unchartedterritories.tomaspueyo.com)Conflicts can have all sorts of unintended consequences. (programmablemutter.com)Prior to yesterday, Americans were opposed to war with Iran. (gelliottmorris.com)What is Israel's next move? (unchartedterritories.tomaspueyo.com)Social SecurityWhat did DOGE accomplish and/or break at Social Security? (nytimes.com)Social Security's finances are worsening. (axios.com)SSA has stopped reporting call wait times. (msn.com)ConflictsThe many ways Trump is cashing in on his name. (axios.com)The second Trump administration has thrown aside any notion of ethical obligations. (theguardian.com)American Bitcoin represents a conflict for the Trump family. (msn.com)Side with Trump, get a federal judgeship. (politico.com)Health policyChecking in on areas where Medicaid cuts could hit hardest. (npr.org)The new vaccine regime at HHS is likely to see fewer shots and more disease. (arstechnica.com)How cuts to USAID are playing out in Africa. (nytimes.com)EconomyWould a recession put a dent into the spending of the top 1%? (awealthofcommonsense.com)Economic expansions most often die due to exogenous shocks. (bonddad.blogspot.com)The Fed is behind the curve. (disciplinefunds.com)CPI data quality is in decline. (apolloacademy.com)The economic schedule for the coming week. (calculatedriskblog.com)Earlier on Abnormal ReturnsTop clicks last week on the site. (abnormalreturns.com)What you missed in our Saturday linkfest. (abnormalreturns.com)Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)Mixed mediaFree speech takes a hit in Texas. (wapo.st)Gen Z on TikTok see a lot of MAGA-adjacent material. (axios.com)A bully with money and a lack of shame can get into a lot of trouble - the case of Stockton Rush. (lefsetz.com)
Markets
- Does it matter if the stock market actually falls 20%? (tker.co)
- American households own a lot of stock. (thesandboxdaily.com)
- FOMO is real. How to sidestep it. (humbledollar.com)
Crypto
- A growing number of companies hold a substantial percentage of Bitcoin outstanding. (on.ft.com)
- Texas Governor Greg Abbott signed a bill establishing a strategic Bitcoin reserve. (theblock.co)
- How Circle ($CRCL) makes money. (gizmodo.com)
Finance
- SPACs are back! (ft.com)
- When VCs have a lot of capital to put to work, they can make some questionable decisions. (investing101.substack.com)
Manufacturing
- China has a manufacturing (profitability) problem. (noahpinion.blog)
- Would you want Uncle Sam on your company's board. U.S. Steel does now. (riskgaming.com)
Housing
- Jess Remington, "The housing crisis in America isn’t just about building more — it’s about building in the right places." (agglomerations.substack.com)
- What happens if sprawl in the Sun Belt dries up? (slate.com)
Warfare
- Why the U.S. is uniquely at-risk of attacks from within using drones and other technologies. (theatlantic.com)
- Why Western democracies are pretty good at war-making. (noahpinion.blog)
- Hardware, including defense, is getting a boost from VCs. (wsj.com)
- Totaling up the damage war has caused in Ukraine. (visualcapitalist.com)
Iran
- Why Israel attacked Iran when it did. (unchartedterritories.tomaspueyo.com)
- Conflicts can have all sorts of unintended consequences. (programmablemutter.com)
- Prior to yesterday, Americans were opposed to war with Iran. (gelliottmorris.com)
- What is Israel's next move? (unchartedterritories.tomaspueyo.com)
Social Security
- What did DOGE accomplish and/or break at Social Security? (nytimes.com)
- Social Security's finances are worsening. (axios.com)
- SSA has stopped reporting call wait times. (msn.com)
Conflicts
- The many ways Trump is cashing in on his name. (axios.com)
- The second Trump administration has thrown aside any notion of ethical obligations. (theguardian.com)
- American Bitcoin represents a conflict for the Trump family. (msn.com)
- Side with Trump, get a federal judgeship. (politico.com)
Health policy
- Checking in on areas where Medicaid cuts could hit hardest. (npr.org)
- The new vaccine regime at HHS is likely to see fewer shots and more disease. (arstechnica.com)
- How cuts to USAID are playing out in Africa. (nytimes.com)
Economy
- Would a recession put a dent into the spending of the top 1%? (awealthofcommonsense.com)
- Economic expansions most often die due to exogenous shocks. (bonddad.blogspot.com)
- The Fed is behind the curve. (disciplinefunds.com)
- CPI data quality is in decline. (apolloacademy.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks last week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
