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Thursday links: dismissing nuance

Abnormal Returns

healthcaredive.com) Medicine Eli Lilly ($LLY) reports positive results for a daily weight loss pill. dollar as the centerpiece of the global economy. noahpinion.blog) Economy What is seemingly so wrong with BMW's South Carolina manufacturing operation? techcrunch.com) UnitedHealth ($UNH) slashed 2025 earnings guidance.

Medicine 157
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Sunday links: asymmetric returns

Abnormal Returns

scheplick.com) Business The degenerate economy is booming. howardlindzon.com) How veterinary medicine became a big business. msn.com) Heat is going to increasingly play a role in how the economy works. wapo.st) Economy More companies are now touting price cuts. disciplinefunds.com) Always check the ticker.

Medicine 307
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Supply Chain Is 40% of Inflation

The Big Picture

Most observers of the economy assumed the answer to his question was “some amount,” but I believe di Giovanni and his co-authors are the first to quantify it: “Our analysis of the relative importance of supply-side versus demand-side factors finds 60 percent of U.S. Short answer: 40%.

Medicine 363
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Longform links: the beef industry

Abnormal Returns

(wsj.com) Medicine Cezary Podkul, "Insurers now routinely require doctors to kick back as much as 5% if they want to be paid electronically." nytimes.com) The global economy looks a lot different than it did pre-pandemic. propublica.org) How do bad doctors stay on the job for so long after issues are identified? is well under way.

Medicine 244
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Podcast links: better financial decisions

Abnormal Returns

washingtonpost.com) Economy Jim O'Shaughnessy talks with Dror Poleg about AI and the future of work. pushkin.fm) Non-finance Russ Roberts talks with Dr. Anupam Bapu Jena, co-author of "Random Acts of Medicine." The biz Patrick O'Shaughnessy talks with David Senra about his passion for founders and podcasts.

Medicine 259
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The Great Resignation Is Long Over

The Big Picture

This attests to the robustness of the labor economy, recession or not. Sahm: A Fed-induced recession is a medicine worse than the disease ( Financial Times ). By any measure, we still have an enormous number of unfilled positions. It’s just off the peak, but still extremely high by any measure.

Medicine 332
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2025 Q1 Update: Federal Reserve Rates, Inflation and Financial Markets

Your Richest Life

Federal Reserve Chair Jerome Powell said that the economy is in a good place right now, and with inflation rates creeping back up , there is no reason to make another cut at this time. Future cuts will depend on inflation and the strength of the economy as the year goes on. 2025 Inflation creeps up The U.S.