Influential Reads – March 2021

Reading Time: 2 minutes

Whoa.  Where did the first quarter go?

There looks to be a light at the end of the COVID tunnel.  One vaccine down; one to go.  Apparently, there are some benefits of living in a state where a majority of people don’t believe in science.

It will be curious to see how people react to the potential end of the COVID pandemic.  I do fear a bit of a false reality though until further progress is made on the vaccine administration front.

And, don’t forget there are kids too.

Updated stats through March:

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Here are my most influential reads – in no particular order:

  1. POWDER, GROOMERS, AND BUMPS – “Truly, there are two kinds of powder skiing: resort powder and wild powder.” Stephen here: And wild powder kicks my ass.
  2. Ski Tulsa – “I’m not aware of any city that does the reverse, but if Summit County floated a bond issue to pay people to leave, I would vote for it.”
  3. Your Thinking Rate Is Fixed – “If you’re a knowledge worker, as an ever-growing proportion of people are, the product of your job is decisions.”
  4. Beware of the Bubble – “A bunch of kids on Reddit have formed a gang called “Wall Street Bets” to manipulate stock prices in an ongoing series of pump-and-dump schemes.”
  5. How Many ‘Shortage’ Anecdotes Equal Data? – “There is an old saying that the plural of anecdote isn’t data.”
  6. The Employment Situation is Far Worse than the Unemployment Rate Indicates – “Employment in January of this year was nearly 10 million below its February 2020 level, a greater shortfall than the worst of the Great Recession’s aftermath.”
  7. Not a Housing Bubble – “In a normal market, it does not take much of a shift to create an imbalance. Housing here is both too little supply and too much demand; these look like temporary issues, not a longer lasting condition.”
  8. Speaking, the Family Business – “Over the last five years I’ve given about 400 talks, and around 2% of the time, it all comes off the rails.” Stephen here: Been there.
  9. Question #9 for 2021: Will inventory increase as the pandemic subsides, or will inventory decrease further in 2021? – “In 2020, inventory really declined due to a combination of potential sellers keeping their properties off the market during a pandemic, and a pickup in buying due to record low mortgage rates, a move away from multi-family rentals and strong second home buying (to escape the high-density cities).”
  10. The Opposite of 2008 | Epsilon Theory – “In 2021, the US housing market – together with a Fed that thinks inflationary pressures are “transitory” – risks delivering the mother of all inflationary shocks.”

Note: This is based on when I read the article, not necessarily when it was first published.  Unfortunately, my backlog of things I would like to read always seems to dwarf the amount of time I can devote to reading.