We’re heading into the second half of the year and here in Singapore, we’re finally going to see the Circuit Breaker (CB) measures being gradually relaxed. Fingers crossed that there won’t be another wave of infections so that we have to go back into CB.

Photo by Mikes Photos on Pexels.com

Don’t Expect A Quick Recovery. Our Survey Of Economists Says It Will Likely Take Years. (FiveThirtyEight)

Maybe we should be happy that a bunch of economists are predicting this since we all know that joke and weathermen, economists, and predictions.

This is the thing the bears hate most (The Reformed Broker)

I’m hardly the most optimistic person but Josh Brown has a point. If the market is all about the expectations game, then the bar for expectations right now are being lowered, making it much easier to beat expectations in the coming quarters.

Thinking About Investing and the Economy Post-Pandemic (Joshua Kennon)

I’ve followed Joshua Kennon’s blog for many years now and he is clearly a very smart person. These are his thoughts on the post-pandemic economy and the types of assets to own in this environment.

Forbes article on Kylie Jenner doing a Trump (Forbes)

It’s a super good read into the whole business of fashion and being an influencer. In the social media space, it’s a chicken-and-egg kind of thing if you want to get rich quick- one doesn’t get rich without being famous and one doesn’t get famous without being rich.

Hence, the only game in town is to pretend to be rich or richer than you are, ride on the publicity and make some dough.

By the way, this doesn’t just apply to celebrities. Lots of people in Singapore also doing this in the “I’ll teach you to get rich by XX” training course space.

Matt Levine’s comments on Luckin’ Coffee (link is to a WSJ article on Luckin’)

Matt Levine’s Bloomberg newsletter, Money Stuff, is awesome. I really like his commentary on Luckin’ Coffee which details the basic model that startups sell to investors as well as how Luckin’ perpetuated the fraud that it was growing so fast.

Apparently, it was selling coffee to itself.

If you have a Wall Street Journal subscription, you can check out the link to see how it was done.