Member Reviews
THE PHOENIX ECONOMY by Felix Salmon was published in May 2023. Salmon, the chief financial correspondent at Axios, describes "Work, Life, and Money in the New Not Normal." He spends a great deal of time noting the far-reaching impacts of the Covid-19 pandemic and argues, for example that "Covid broke time," impacting our regular habits (daily commute, annual family visits, shopping trips) in a disconcerting manner. The economic impacts, of course, were far-ranging, too, (e.g., a deep but short recession in 2020; use of Zoom and Slack; investment timeframe). Salmon writes in an engaging manner and his commentary, especially on how investment strategies and styles differ by generation (building on Kevin Roose's concept of from ladders to trampolines) is informative and though-provoking. As we all acclimate to a post-Covid environment, this text offers a terrific (if triggering) retrospective. THE PHOENIX ECONOMY is the Winner of the 2023 SABEW (an association of business journalists) Best in Business Book Award for Investing and Personal Finance. This text was also profiled and summarized by The Next Big Idea Club.