The Odds Aren’t Looking Good for the Economy

(Bloomberg Opinion) -- My morning train reads:

  • Twitter says Infowars hasn’t “violated our rules.” It looks like that’s not the case (CNN Money)
  • Capitalism has become the scapegoat for wealth inequality. Blame Congress instead (Irrelevant Investor)
  • Broken Clockism: The “Skyscraper Curse” Is Bogus (Building the Skyline)
  • How Some CEOs Successfully Run More Than One Company (Barron’s)
  • Vanguard Warns of Worsening Odds for the Economy and Markets (New York Timesbut see A Q&A Discussion with Vanguard Researchers on the “Fair Value CAPE Ratio” (Alpha Architect)
  • New data makes it clear: Nonvoters handed Trump the presidency (Washington Post)
  • U.S. Officials Scrambled Behind the Scenes to Shield NATO Deal From Trump (New York Times)
  • The psychology behind why you always want to sit in the same seat (Quartz)
  • Yuval Noah Harari extract: “Humans have always lived in the age of post-truth. We’re a post-truth species” (the Guardian)
  • The Milky Way galaxy may be much bigger than we thought (NBC News)

Be sure to check out our Masters in Business interview with Lee Cooperman, CEO and chairman of Omega Advisors, a New York-based hedge fund managing $3.5 billion, which is being converted into a family office. Cooperman, 75, is an active philanthropist, a member of the Giving Pledge, and has committed to giving his wealth away in his lifetime.

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The Odds Aren’t Looking Good for the Economy

Source: @crampell

This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.

Barry Ritholtz is a Bloomberg Opinion columnist. He founded Ritholtz Wealth Management and was chief executive and director of equity research at FusionIQ, a quantitative research firm. He is the author of “Bailout Nation.”

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