Wage Growth, Luxury Condos and Dumb Siri

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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I can barely believe this week; I can’t even next week. And, our morning train reads:

  • Investment Management vs. Financial Advice (Wealth of Common Sense)
  • Brad Katsuyama Q&A: "I Don’t Think We Would Have Survived If It Was Just Hype" (Bloomberg Markets); see also Masters in Business: Brad Katsuyama (Bloomberg View)
  • Little-known trading strategy exacerbates market turmoil: Knee-jerk, automated selling a factor behind the severity of recent slumps (Financial Times)
  • This Is The Best News About Wage Growth In A Year (But Markets Won’t Love It) (Investor’s Business Daily)
  • Can building luxury condos fix the affordable housing crisis? (Curbed)
  • Documents show a Wells Fargo employee informed the bank of fake customer accounts in 2006 (Vice); see also The Wells Fargo scandal is far from over (Business Insider)
  • A Half Dozen Things I’ve Learned from Robert Cialdini’s book “Influence” (25iq)
  • Mossberg: Why does Siri seem so dumb? (Recode)
  • How Donald Trump supporters attack journalists (Newsweek); see also In a Time of Trump, Millennial Jews Awaken to Anti-Semitism (Politico)
  • Leonard Cohen Makes It Darker: At eighty-two, the troubadour has another album coming. Like him, it is obsessed with mortality, God-infused, and funny. (New Yorker)

Be sure to check out our Masters in Business interview this weekend with Arun Sundararajan, professor at New York University's Stern School of Business and author of "The Sharing Economy: The End of Employment and the Rise of Crowd-Based Capitalism."

A Wariness of Emerging Markets

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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