Greetings once again to you music lovers, thrill-seekers, conversationalists all across the fruited plain. Today’s Three Martini Lunch reads focus on the the next financial crisis and the changing values of Americans…
- 🍸 The Next Crisis. Treasury Department and Federal Reserve, policymakers are are already beginning to worry about the next potential bomb to go off in the nation’s financial system; the $20 trillion market for commercial real estate…(Washington Post).
- 🍸🍸 TYLER COWAN. “…I have bad news: Regardless of what laws are passed, or which regulations are issued, banking crises will recur — and not infrequently. It makes sense to try to limit and prevent these crises, and the systemic reforms the US and EU mandated more than a decade ago were appropriate. But there’s only so much that can be done…” (Bloomberg)
- 🍸🍸🍸 A Different America. According to a new WSJ-NORC poll, just 38% of respondents said patriotism was very important to them, and 39% said religion was very important. That was down sharply from when the Journal first asked the question in 1998, when 70% deemed patriotism to be very important, and 62% said so of religion…(Wall Street Journal)