Gun Sales, Fast Fashion and Expensive Wine

Barry Ritholtz is a Bloomberg View columnist. He founded Ritholtz Wealth Management and was chief executive and director of equity research at FusionIQ, a quantitative research firm. He blogs at the Big Picture and is the author of “Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy.”
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July 8 is a very important day -- not for the employment situation report, but because it's National Collector Car Appreciation Day. Start it right with our Friday morning train reads:

  • Election 2016 Is Propelled by the American Economy’s Failed Promises (Wall Street Journal); see also How Falling Behind the Joneses Fueled the Rise of Trump  (New York Times)
  • Why Banks Aren’t Giving You a 3%, 30-Year Mortgage … Yet (WSJ)
  • Shares of job growth aren’t the best metric of labor market health for less-educated workers. (Medium)
  • Why the Biggest Benefit of Index Investing Isn’t Lower Costs (the Experts), but see also Abigail Johnson’s Pivot (Reformed Broker)
  • The tyranny of messaging and notifications (the Verge)
  • New Cars Are Too Expensive for the Typical Family, Study Finds (NYT); see also Auto Insurance Is Costlier at Lower Incomes, Study Says (NYT)
  • Graphic: After Orlando, Gun Sales Surged (Bloomberg)
  • A shopper’s manifesto: Three simple questions to help you quit the business of fast fashion (Quartz)
  • The Weird World Of Expensive Wine (FiveThirtyEight)
  • The Great Trump Tax Mysteries: Is He Hiding Loopholes, Errors, Or Something More Serious? (Vanity Fair)

Be sure to check out our Masters in Business interview this weekend with famed stock picker Louis G. Navellier, chairman and founder of Navellier & Associates.

Employment, by Degrees

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

To contact the author of this story:
Barry Ritholtz at britholtz3@bloomberg.net

To contact the editor responsible for this story:
Brooke Sample at bsample1@bloomberg.net