Friday links: living with leverage

BondsThe correlation between stocks and interest rates is now negative. (axios.com)Norway's sovereign wealth fund is considering a reduction in bond holdings. (reuters.com)GoldNetherlands is moved some of its gold holdings from New York to London. (wsj.com)They may not be the last to do this. (paulkrugman.substack.com)Mary Childs talked with Jacob Goldstein, author of "Money: The True Story of a Made-Up Thing." (youtube.com)FinanceOura Health has filed for an IPO. (techcrunch.com)Softbank needs money. (ft.com)Fund managementA look at the difference between public REITs and semiliquid direct real estate funds. (morningstar.com)Investors are still looking to pull money from private credit funds. (barrons.com)Anti-trustGoogle ($GOOGL) lost three antitrust cases and will pay little cost. (arstechnica.com)The Trump administration has only brought one action to block a merger so far, and quickly settled. (theatlantic.com)Data centersPutting the scale of AI data center construction into p