The dog days of summer have been anything but boring in 2019 as inverting yield curves, recession worries and an under-fire Federal Reserve have had markets in tumult and investors re-assessing their expectations. Here’s what we’ve been reading.
- Institutional Investor examines the Yale Model, and why the path of endowments trying to copy David Swensen is littered with failures.
- How The Recession of 2020 Could Happen from Neil Irwin at the New York Times.
- Return of the widow-maker? The Financial Times mulls whether a global flight to safety means expensive bonds can keep getting more expensive.
- Bridgewater’s Ray Dalio goes deep on Paradigm Shifts and what the next one might look like. “Right now, approximately 13 trillion dollars’ worth of investors’ money is held in zero or below-zero interest-rate-earning debt.”
- Mayhem in the movie business? What this fall’s Scorsese flick might say about the future of films.