05/29/2021
Today

125 Years In, The DJIA Remains Flawed Measure

Market Minder, Fisher Investments

Despite its age and status, the Dow Jones Industrial Average is a flawed index.

Biden Agenda Alarms the GOP, But Trump Spent Big Too

Sarah Hansen, Forbes

The White House will release a $6 trillion budget plan amid complaints from the GOP about wasteful spending and ruinous debt, but their guy also added to the national debt big time.

Biden Will Put to the Test Modern Theories of Deficit

Philip Klein, National Review

There are some who embrace a school of economics holding that high levels of debt don't matter. We're now entering an era that will put that premise to the test.

Be Serious, Congress Is Going to Ignore Biden's Budget

Hayes Brown, MSNBC

Let's cut the charade here, people.

A Lot of Employers Haven't Woken Up to the New Workplace

Anna North, Vox

The pandemic transformed work. A lot of employers haven't caught up.

Uncle Sam Fosters Higher Pay For the Wrong Reasons

Christopher Baecker, RCM

My daughters continually make me proud. From top academic standings, to leadership positions in extracurricular activities, the hits keep rolling. I was particularly stoked recently when, not only did my oldest start a job at Chick Fil A, but her sister told me she was going to apply to Home Depot. "It's certainly a (labor) seller's market," I told her.

Our Jobs Problem Is Not Enough Good Ones

Amanda Cage & Maureen Conway, Hill

It is time to do better for essential workers and the underemployed who are working several jobs to make ends meet.

Fed Targets Crafted Inflation Measure: Cautionary Tale

Gregory van Kipnis, AIER

"Understanding government data for what they are and what they are not is vital to understanding the impossibility of targeting the cost of living, even though the Fed is targeting a crafted measure of price inflation." ~ Gregory van Kipnis

How Exxon Lost a Battle w/Small Hedge Fund

Michael de la Merced, New York Times

The oil giant's unexpected boardroom defeat by an activist investor hinged on a few key moments.

A 'Worst Ever' Regulation's Coming

Henry Miller & Drew Kershen, Washington Examiner

A very bad regulation is coming.

Cybersecurity Professionals Can Name Their Salaries Now

Clare Duffy, CNN

A series of major digital security breaches over the past year are serving as a wake-up call to Corporate America about the need to invest in cybersecurity.

'Big Tech' Facing Regulated Mediocrity?

Seth Berenzweig & John Tamny, Capitol Brief

Seth Berenzweig & John Tamny discuss John's latest article in Forbes in which we've seen this act before when the railroad industry changed the world and the...

Signs That Inflation's Surge Is Transitory

Jeffrey Kleintop, Charles Schwab

While it's very early to say the rise in inflation has passed, there are signs that the fastest part of the rebound in inflation might soon be over.

Crypto: A New Asset Class?

Various, Goldman Sachs

Happy Birthday to the Dow!

Brad McMillan, Commonwealth Financial Network

Happy birthday to the Dow! Commonwealth CIO Brad McMillan celebrates the index and what it has meant for the stock market and investors.

Best Way to Save if I'm Retiring from Military?

Carrie Schwab-Pomerantz, Schwab

Retirement planning is important for everyone, but retiring military have unique planning challenges. Here's why.

Lockdowns Need to Be Discredited Once and For All

Ethan Yang, AIER

"Unilaterally and arbitrarily shutting down all of economic and social life was never part of the solution, nor should it ever be. Covid-19 has been the first test for these experimental lockdown policies and no rational observer should look back at the results and conclude that this is all...

Gold Back on Margin

Russell Redenbaugh & James Juliano, Kairos Capital Management

Why Stock Market Gains Likely to Slow

Jeffrey Buchbinder, LPL Financial Research

Monday, May 24, 2021 Top Story Stock Market Gains Likely To Slow

From California Capitalism to Bidenomics

Laura Tyson & Lenny Mendonca, PS

The Biden administration's ambitious spending and investment programs are precisely what the US economy needs to thrive in the twenty-first century. Best of all, the economic strategy now being pursued at the national level has already proven highly successful in the country's wealthiest, most dynamic state.

Vanguard Steps Further Into Private Equity

John Rekenthaler, Morningstar

From institutions to individual investors.

The US Semiconductor Ind. Doesn't Need Federal Help

Eric Boehm, Reason

Industrial policy is the wrong answer to a problem that mostly doesn't exist.

One Thing Missing From Biden's Budget: Booming Growth

Neil Irwin, NYT

For all the administration's focus on transformational policies, it's not forecasting an outburst of economic potential.

What A Weak Dollar Means For The Rest of 2021

Bryce Coward, Knowledge Leaders

The US dollar is on the verge of breaking down to the lowest level since 2014. This is not all that surprising. After all, the US money supply continues to grow at a rapid pace relative to other countries and quantitative easing is likely to...

The Little Bookstores That Could

Hillel Italie, The Christian Science Monitor

Independent bookstores proved surprisingly resilient during the year of lockdown with the help of new loans and participation in online markets. Now owners are taking stock from lessons learned and rethinking what it means to be a "bookstore" and whom they serve.

Organized Labor's Big Lockdown Losses

Steven Malanga, City Journal

Unions recorded steep membership declines last year, especially in states with the severest pandemic shutdowns.

Ultimate Stock-Pickers: Top High-Conviction Purchases

Eric Compton, MStar

Several funds see value in technology, energy, and communication services.

I'm Getting That '70s Feeling

Stephen S. Roach, Project Syndicate

The US Federal Reserve is insisting that recent increases in the price of food, construction materials, used cars, personal health products, gasoline, and appliances reflect transitory factors that will quickly fade with post-pandemic normalization. But what if they are a harbinger, not a "noisy" deviation?

Why Big Oil Should Be Worried After a Day of Reckoning

Rebecca Leber, Vox

Exxon, Shell, and Chevron are under siege in the courtroom and the boardroom.

The Beginning of the End for Cryptocurrencies?

Marshall Auerback, The Nation

China's warnings on the use of digital currencies suggest that the long-awaited official sector crackdown has begun—and it's a good thing too.

Progressively Worse: Big Government CA Style

William Voegeli, Claremont Review

Activist government's crisis of competence.

Ken Fisher on Nixing the VIX

Fisher Investments Editorial Staff, Fisher Investments

Will Uncle Sam Force Big Tech to Break Up?

Fisher Investments Editorial Staff, Fisher Investments

Inglorious Years: The Rise Of The Digital Society

Jana Kasperkevic, ProMarket

Economist Daniel Cohen explores the emergence of the digital society and its never-ending pursuit for growth.

15 'Bizarre' Facts About The US Housing Market

Adwait Patil, Digg

"It has been hard to convey, through anecdotes or data, how bizarre the US housing market has become," Redfin CEO Glenn Kelman said on Twitter.

Why Is China Building Two Secret Nuclear Reactors?

Caroline Delbert, PM

These aren't your average reactors.

What a Wuhan Lab Leak Would Really Mean

Ian Birrell, UnHerd

Scientists and the media eagerly denounced credible evidence as a conspiracy theory

How to Do Long Term

Morgan Housel, Collaborative Fund

Long-term thinking is easier to believe in than accomplish.

3 Charitable Strategies To Maximize Tax Benfits

Christine Benz, Morningstar

These three maneuvers will tend to deliver a higher tax benefit than writing a check and deducting it, and may even improve your portfolio.

Millennials Aren't Poorer Than Past Generations

Nick Maggiulli, Of Dollars And Data

Clearing up misconceptions on Millennial wealth and who is actually struggling in the generational divide.
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