22 Mar Weekly Reads: 03/18/2019
Retail: How Sears Lost the American Consumer – click here
Sears for decades was an American retail icon. The reality is today poor business decisions have placed the company on the doorstep of failure. The WSJ examines how Sears lost the American consumer.
Business: His Bosses Laughed at His Idea, They Aren’t Now – click here
Learning from the founders of innovative companies is always a fascinating pursuit. In hindsight, their ideas look simple and easy to understand but at the time there are often many naysayers.
Politics: Trump’s Wildest Day on Twitter Ever – click here
The headline should say enough. President Trump has had some wild moments on twitter but recently he may have topped them all.
Economy: Without Infrastructure Economic Boom Won’t Continue – click here
Infrastructure spending is an area of government interest that both sides of the aisle agree on. For the economic boom that President Trump is looking for, he will likely need to negotiate with Democrats to get a spending bill in place.
Investing: What Fed Drift Says About Stock Market Behavior – click here
The Fed has influenced markets dramatically for the past decade. This article by MarketWatch examines the connection between “Fed Drift” and the market’s overall behavior.
Business: Airbnb’s Guerrilla War on Local Governments – click here
Like any innovative company, Airbnb is challenging the status quo and making enemies along the way. This article by Wired looks at how they are targetting local governments in order to improve their business.
Interest Rates: Fed Signals No More Rate Increases for 2019 – click here
Coming into the new year the Fed and market participants anticipated continued rate increases during 2019. Now as inflation remains muted and uncertainty around global growth is more unclear the Fed is signaling that rates are more likely to fall than increase during 2019.