What we’re tracking on 13 August 2018
Please, God, let them lower interest rates. The central bank promised us that the 200 bps rate hike earlier this summer would be ‘temporary.’ Their first opportunity to prove this with a rate cut comes this Thursday, when its monetary policy committee is next scheduled to meet.
Where’s the market to short humankind? “It’s hard to price a potentially extinction event (at least for much of the Korean peninsula),” Timothy Ash, a senior strategist at Bluebay Asset Management, told Bloomberg in commentary on why financial markets haven’t really reacted much to the escalation in tensions between the US and North Korea. Templeton Emerging Markets Chairman Mark Mobius echoes a similar sentiment, saying “there’s nothing you can do about it — if something breaks out, we’re all finished anyway.” US President Donald Trump warned in a tweet over the weekend that, “Military solutions are now fully in place, locked and loaded, should North Korea act unwisely.” The Donald then RT’ed a tweet from US Pacific Command echoing US forces in Korea’s motto: “#USAF B-1B Lancer #bombers on Guam stand ready to fulfill USFK’s #FightTonight mission if called upon to do so.”
It seems likely to be a US-centric news week: Look for US movement this week on Chinese trade practices, where Trump will reportedly call on Monday for a probe — or not, if the ChiComs help out with North Korea. The Donald is also picking a fight with Venezuela and sending his son-in-law to launch a fresh round of Palestinian-Israeli talks.
Maybe it’s that summer is sliding to a close — or the prospect of nuclear apocalypse — but we’re feeling our age here at Enterprise. First, it was being told “Move over, millennials: Gen Z agencies are on the rise” by ad agency and media bible Digiday — with all of the precious exceptionalism with which headlines once told Gen X’ers they were ‘over’ because the millennials among us were here. Moving on up the age spectrum, we recently stumbled across this 2012 piece by author Marci Alboher (subtly pitching her book) on career changes in midlife to “make a difference.” Then there’s training for masters sports competitions in your 70s and beyond in “She Just Won 3 Gold Medals for Her Swimming. She’s Only 73.” And to cap it all off? The cutest love story we can remember reading in forever from the New York Times’ weddings column: “She’s 98. He’s 94. They Met at the Gym.”
It’s going to be a more than a few years, we suspect, before we hit the same saturation point and this becomes relevant to Egypt, but Business Insider nevertheless has a good read in, “The retail apocalypse is heading straight for Kroger, Whole Foods, and Aldi.”
Oh, and two pieces that were quite helpful to us this weekend: In a land of [redacted] internet, we got a bump from following some of the advice in Wired’s “Easy ways to make your janky wi-fi faster and better.” And Dave Zinczenko’s outfit at Best Life echoes Men’s Health during his iconic editorship with the very useful “60 Ways to Buy an Extra 60 Minutes Every Day,” which is nowhere near as clickbaity as it sounds.