Tuesday 10am reading – big picture

Dunk on Ackerman; when can we say stagflation? In a series of tweets on Tuesday, the Pershing Square founder argued that the Fed should raise rates aggressively now to remove price pressures and avoid multiple hikes overall. Observations from a few months ago would be more accurate. (Bloomberg) see also How Inflation Became America’s Biggest Economic Problem The last time inflation was this high, the Fed orchestrated a deep recession. Unfortunately, the problem is much more complicated now. Could exports get better this time with soaring inflation? (grid)

How to weather this stock market storm: For some ordinary investors, this year’s decline doesn’t look like a disaster. It feels like an opportunity. (Wall Street Journal)

Lithium mining: How new production technologies are driving the global electric vehicle revolution. Lithium is a driver of EVs, but will supply keep up with demand? New technologies and sources of supply can fill this gap. (McKinsey) see also This is where dirty old cars go to die: The electric vehicle revolution is accelerating – but what will happen to those polluting cars already on the road? (wired)

A man helped Credit Suisse make billions from Russian tycoon: A charismatic mediator has made the Swiss bank a prime destination for Russia’s wealthiest people. Then war and sanctions got in the way. (Bloomberg)

endless uncertainty. But the idea that uncertainty is higher now than it was one, two, or five years ago is an odd one. That means the future is more predictable in the past before a pandemic hits, inflation soars and war breaks out. But it certainly isn’t. Risk is always there. People just ignore them. (Cooperation Fund) see also Knight uncertainty. Pundits may hate uncertainty – it makes them look stupid – but the market doesn’t have that bias. Markets thrive on uncertainty – that’s their raison d’être. (big picture)

Mark Zuckerberg is blowing up Instagram to try to catch up to TikTok The CEO of Meta Platforms needs Reels (his short video feature) to fund his Metaverse, and you can smell his desperation from Beijing. (Bloomberg)

Where is the supply chain crisis now? While some industries still face challenges, there are signs that trends may be turning. (Morning Star)

Efficiency is the enemy: Most of the problems in your life and work probably boil down to not having enough slack. Here’s how slack works and why you need more of it. (Farnan Street)

5 facts about guns in America. The country can change the disastrous status quo without violating the Second Amendment. In fact, many of these reforms are very popular. But dozens of Republican senators continued to get in the way. At the same time, the death toll keeps climbing. (Hot news) see also From Sandy Hook to Buffalo: A decade of failed gun control Biden has played a central role in the failure of major gun legislation amid thousands of mass shootings. (Washington post)

Why are American chips so boring? The international potato chip flavors seem interesting. But to get chip flavors like hot pot or fried crab in the U.S., the snack industry has to change the way it does everything. (eater)

Be sure to check out our Master of Business next week with Adam Parkerfounder ternary study. He was head of research at Sanford C. Bernstein and was a No. 1 semi-analyst before becoming Chief U.S. Equity Strategist and Director of Global Quantitative Research at Morgan Stanley. As a member of the MS Global Investment Council, he helped oversee $2 trillion in private wealth.

Bitcoin’s correlation with Nasdaq 100 hits all-time high

resource: political calculation