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Tuesday links: the best definition of progress

Abnormal Returns

wsj.com) TikTok Ryan Broderick, "If youre an American thats been relying on TikTok as a publishing or communication tool it means that you fundamentally do not understand what the app is." fastcompany.com) Crumbl is reportedly for sale. finance.yahoo.com) Economy Why is the term premium on the rise? is shrinking.

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Thursday links: a novelty-rich environment

Abnormal Returns

fastcompany.com) Why secondary sales of PE stakes are picking up. crr.bc.edu) How remote workers can help a local economy. mansionglobal.com) Economy Industrial production is ebbing. econbrowser.com) Earlier on Abnormal Returns Longform links: facilitating communication. wsj.com) It's good to be a Citadel employee.

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MBA: Mortgage Applications Increased in Weekly Survey

Calculated Risk

percent, reaching its lowest level since May 2023, following doveish communication from the Federal Reserve and a weak jobs report, which added to increased concerns of an economy slowing more rapidly than expected,” said Joel Kan, MBA’s Vice President and Deputy Chief Economist. “As The 30-year fixed rate fell to 6.55 percent from 6.82

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Monday links: a good problem to have

Abnormal Returns

wsj.com) Economy Home sales have fallen off the table in 2023. om.co) Five insights from "Writing for Busy Readers: Communicate More Effectively in the Real World" by Todd Rogers and Jessica Lasky-Fink. (ft.com) Working in Hong Kong is no longer worth the risk for many companies. wired.com)

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The Latest In Financial #AdvisorTech (October 2023)

Nerd's Eye View

This month's edition kicks off with the news that custodial platform Altruist is eliminating the $1 per account monthly fee for its portfolio management and reporting technology for advisors on its platform, which on the one hand suggests that the economies of scale Altruist has achieved in the wake of its move to become a fully self-clearing custodian (..)

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MBA: Mortgage Applications Decreased in Weekly Survey

Calculated Risk

Since rates have been so volatile and for-sale inventory still scarce, we have yet to see sustained growth in purchase applications. debt ceiling and communication from several Federal Reserve officials last week, which sent Treasury yields higher, along with mortgage rates. The 30-year fixed rate increased to 6.69

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Kitces & Carl Ep 140: Are You Worrying About Scale Before You Even Have A Scale Problem

Nerd's Eye View

As the financial advice industry continues to move toward providing full-blown professional services rather than focusing primarily on product sales, advisory (advicery?) Put another way, the advicer has a pricing problem and hopes that the economies of scale can correct for not charging enough.