Assorted Links Tuesday

Inventory overstocking: reshoring, diversification, and inventory overstocking from David Mericle, Goldman Sachs:

Earnings call transcripts show that the share of companies that report plans to target a permanently high level of inventory has increased sharply, especially in durable goods sectors. Our manufacturing sector analysts corroborate this and report that companies in their coverage are targeting inventory-to-sales ratios roughly 5% higher than before the pandemic on average.

Why universal high-speed internet access could be worth trillions:

The myth that most Americans hate their job: Resignations are rising because people are seeing more job listings, not because they’re feeling more Marxist.

Nobody lives here:

Woah: