The pandemic accomplished in 10 months what internet technologies have been promising for decades: a shift away from high-cost cities as the dominant centers of workforce talent and business activity. It's a shock that's just beginning to reverberate through the system. Apartment rents in high-cost metro areas like San Francisco, New York, Boston and Seattle have fallen more than 20% compared with pre-pandemic levels, while rents have actually risen modestly in low-cost areas like Albuquerque, New Mexico, and Fresno, California. Narratives have sprung up about the future of the technology industry being in places like Austin, Texas, or even Miami. But with a large price adjustment already behind us, and millions of doses of vaccines being administered every week, 2021 might actually be a once-in-a-generation opportunity for ambitious young people to get bargain pricing on the best cities in America — places like New York, which were expensive for a reason. Read the whole thing. What Happens Next in the GameStop Showdown? — Mohamed A. El-Erian The Game Moves On to Silver — Matt Levine American Universities Declare War on Military History — Max Hastings What Bitcoin Teaches Us About Risky Investing — Stuart Trow Elon Musk's Twitter Retreat Really Says It All — Lionel Laurent Saudi Arabia's Oil Fears Look Well Founded — Julian Lee GameStop's a Good Short. AMC? Not So Much. — Shuli Ren Mario Draghi Is the Best Person for the Worst Job: Governing Italy — Ferdinando Giugliano This is the Weekend Edition of Bloomberg Opinion Today, a roundup of the most popular stories Bloomberg Opinion published this week based on web readership. | 
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