Thursday links: differentiated trust
Rates The Federal Reserve doesn't control long term interest rates. (trendlabs.com) Are structural deficits going to keep long term rates high? (economist.com) IPOs Is anybody really ready for an Anthropic IPO? (barrons.com) Revolut plans to dual list in New York and London. (ft.com) Finance Jackson National ($JXN) is the 'largest issuer of traditional variable annuities in the United States.' (hntrbrk.com) The SEC has opened a path to tokenized equities. (cnbc.com) Private pension funding is not an issue. (snippet.finance) AI Outside of AI companies, who wins? (marketsentiment.co) People talk about AI with more certainty than it deserves. (spyglass.org) How to spread the benefits of AI to the public. (reidhoffman.substack.com) Stay in touch Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com) Work in wealth management? Sign up for our exclusive Talking Wealth newsletter. (talkingwealthpod.com) Defense Russia has an advantage in jet-powered drones. (wsj.com) How AI has put the Pentagon's systems at risk. (wapo.st) Why Russian ships can easily operate off Ireland. (wsj.com) Autonomous warfare is already here. (ft.com) Economy Initial unemployment claims are at record low levels. (bonddad.blogspot.com) Four reasons why inflation should cool. (morningstar.com) Do consumer surveys tell us much about inflation? (ft.com) Yes, labor share really is falling. (newsletter.mikekonczal.com) Earlier on Abnormal Returns Longform links: the passage of time. (abnormalreturns.com) What you missed in our Wednesday linkfest. (abnormalreturns.com) Personal finance links: being the market. (abnormalreturns.com) Mixed media An excerpt from “Unthinkable to Unstoppable: How Curt Cignetti and the Indiana Hoosiers Stunned College Football” by Mike Niziolek and Zach Osterman. (indystar.com) How much do college football rosters run these days? (nytimes.com) Girls high school flag football is growing quickly. (axios.com)