The World Is Not Falling Apart

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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The weekend is nearing. Get ready with our morning train reads:

  • The Rise of the Buy Side (Bloomberg)
  • Hunting for Yield? They’re Handing It Out in the Money Market (Wall Street Journal)
  • Harvard’s Endowment Needs the Classics (Bloomberg Gadfly); see also “Nothing Recedes Like Success” (Reformed Broker)
  • The “Why” in Wage Segregation (Niskanen)
  • The Plight Of The White Working Class Isn’t Economic, It’s Cultural (the Federalist)
  • Can Gawker Media’s Founder Trump Peter Thiel? (Fortune)
  • Trump Campaign CEO’s Resume Includes Goldman and "Seinfeld" (Bloomberg); see also I Know Trump’s New Campaign Chairman, Steve Bannon. Here’s What You Need To Know. (Daily Wire)
  • You may think the world is falling apart. Steven Pinker is here to tell you it isn’t. (Vox)
  • The Sports Linchpin (Stratechery)

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Earth Destroys Yet Another Heat Record

The dark red swaths on the map below show areas that set new records in July.

Source: Bloomberg

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