Daily Briefing: May 20

The stat, the quote and the read you need to start the day right.

Stat

According to new research, the largest cause of increasing housing costs was not a speculative bubble or lower interest rates or federal stimulus. It was, in fact, you pounding away on your keyboard in your pajamas that caused it. According to a new study from the National Bureau of Economic Research, more than half of the 23.8% rise in US home prices since December 2019 can be explained by a shift toward remote work.

Quote

“We have no idea how cryptocurrency works (even after having it explained to us repeatedly), don’t own it, and don’t follow its market.”

Larry David, the star of an FTX crypto commercial, said he and the director have no idea what crypto is and "just set out to make a funny commercial!" According to the NYT, some of Hollywood's biggest celebrities who hyped digital currencies have gone silent lately.

Read

I had a passionate love affair with a robot. (Dazed)

Loading comments...
You've successfully subscribed to MarketCents
Great! Next, complete checkout to get full access to all premium content.
Error! Could not sign up. invalid link.
Welcome back! You've successfully signed in.
Error! Could not sign in. Please try again.
Success! Your account is fully activated, you now have access to all content.
Error! Stripe checkout failed.
Success! Your billing info is updated.
Error! Billing info update failed.