Influential Reads – September 2019

Reading Time: 2 minutes

I’ve been trying out the reading books from the library on a Kindle strategy and it’s increased the number of books I’m reading, but maybe decreasied the amount of sleep I’ve been getting.  Mrs. SFTE thinks it’s the blue light?

Updated stats through September:

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

  1. Underrated Skills – The entire article, read it.
  2. Yogababble – “Nope, similar to Chuck Norris, Christie Brinkley, and Tony Little, you sell exercise equipment.”
  3. On The Great Jihad And Other Possible Futures – “The differences between stocks will matter again. Why? Pricing power is why. Businesses with pricing power will survive and even thrive. Businesses without pricing power will struggle. Many will die.”
  4. Everyone has forgotten about why Donald Trump can’t win a trade war with China – “There seems to be a fundamental inconsistency between achieving that outcome and the Trump administration’s other economic nationalist priorities, which focuses on bringing manufacturing production back to the United States, even if that comes at the expense of everything else, including American farmers.”
  5. The Dow’s 1.6% Gain Hid Turmoil Beneath the Market’s Surface – “But those numbers entirely miss the point. It was a week when everything that had been working stopped working, when losers were suddenly winners.”
  6. The Endgame for the Bull Market in Bonds – “The worst asset to hold in this hypothetical bonfire of the currencies? A “sovereign bond with a negative yield, closely followed by paper money at zero yield, both with a theoretically infinite supply.”
  7. Cloud software is nuts, and it’s crashing – “Momentum — buying stocks that are going up — is the crucial factor here because the cloud companies, with their sky-rocket-in-flight share prices, are some of the stocks commonly found in this particular factor strategy.”
  8. Only the Fed Can Save Us – “Jerome Powell and the Federal Reserve must stand up to Trump. If they don’t, the American economy is heading for disaster.”
  9. The Trade War Is About to Hit Your Pocket. Literally – “While 82% of intermediate inputs are already affected by tariffs, just 29% of consumer goods have had levies to date. That figure will now rise to 69%, and 99% when a final tranche is imposed on Dec. 15…”
  10. The upside down, inside out negative yield financial world – “If normal creditors and lenders cannot provide a reasonable story for their negative time value of money, we are left with an explanation that these negative rates are imposed on the markets as a form of financial repression by central banks.”

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.