Thursday links: why markets crash

Quote of the Day "Crashes are a reminder that risk exists." (Ben Carlson) Chart of the Day SK Hynix ($SKHY) just sold shares in the U.S. Now it is buying back shares. Markets - Bear markets are the price of admission for investors. (awealthofcommonsense.com) - Don't let your stock picking become your identity. (investmenttalk.co) - How to avoid blowing up your account. (novelinvestor.com) Finance - More evidence that members of the military traded on prediction markets. (reuters.com) - Hudson River Trading cleaned up in July while Jane Street experienced big losses. (ft.com) Big Tech - Meta ($META) is one of Microsoft ($MSFT) Azure's biggest customers. (bloomberg.com) - Warehouses are a perfect place for robots. (wsj.com) - The 'Amazon tax' is real and substantial. (seths.blog) Restaurants - The burger wars are back with Burger King revamping the Whopper. (wsj.com) - Do restaurant patrons still want to crack their own crabs? (slate.com) - This app helps QSRs avoid missed shifts. (npr.org) Stay in touch - Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com) - Work in wealth management? Sign up for our exclusive Talking Wealth newsletter. (talkingwealthpod.com) Global - India has its own student loan crisis. (nytimes.com) - Signs of weakness in China's labor market. (economist.com) - The Iran war is a boost for Somali pirates. (politico.com) - Hormuz is not the only problem facing global shipping. (semafor.com) Economy - Signs of strain in the Treasury market. (wsj.com) - Foreign holdings of Treasuries have fallen as a share. (axios.com) - A visualization how the national debt hit $40 trillion. (washingtonpost.com) - Claudia Sahm, "Markets do not do the Fed’s job for it; they are expecting the Fed to do its job." (stayathomemacro.substack.com) Earlier on Abnormal Returns - Longform links: the difference between work and play. (abnormalreturns.com) - What you missed in our Wednesday linkfest. (abnormalreturns.com) - Personal finance links: following your own rules. (abnormalreturns.com)