My early morning pre-beach reads:
• Payroll surge fuels self-sustaining U.S. expansion (Bloomberg) see also The payrolls report is right, and GDP isn’t (MarketWatch)
• Estimating the impact of monetary policy normalisation on assets (Macrofugue)
• “Profitless” Amazon Myth Lives On Thanks To Lazy Financial Media (Peridot Capital)
• Why is it so difficult to teach people to manage money? (Vox) see also Wealth Effect: How to Rebalance Your Portfolio (WSJ)
• CEOs: The More You Pay Them, The Worse They Perform (Psy-Fi Blog)
• China Seeks Great Power Status After Sea Retreat (Bloomberg)
• The crucial FDA nutrition label battle you probably don’t know about, but should (WonkBlog)
• Ocean acidification is rising at its fastest pace in 300 million years (BV) see also 99% of the plastic we throw in the ocean has mysteriously disappeared (Quartz)
• 3D Robotics: Flying High With Drones (Inc)
• How Tourette’s-afflicted Tim Howard went from international ridicule to World Cup history (Morning Mix)
What’s up for Sunday?
US Jobs Report: 288,000 Positions Added
Category: Financial Press
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