05/20/2021
Today Jeffrey Tucker, RealClearMarkets An axiom everyone picks up in college - and in nearly the whole of media culture too - is that people who favor a market economy disregard everyone but the privileged rich (itself a euphemism). It's a great rhetorical trick because the presumption keeps backers of freedom on the hot seat, permanently. You know the ropes. Trickle down is a myth, so why are we shilling for the rich? What's this fetish for big business? Why do we disregard the poor, the workers, the marginalized, the vulnerable? Why is our thinking so solipsistically exclusionary of people unlike ourselves? |
Claire Cain Miller, New York Times In the United States, 1.3 million mothers are out of work because of the pandemic. Their losses are more than economic. Across backgrounds and careers, they describe a loss of identity. |
John Tamny, RCM People didn't need government, or entities created by government. They also didn't require force to protect themselves. Let's never forget this. Better yet, let's make this truth clear over and over again. Ok, what truth? The truth that the American people along with people around the world adjusted to the spreading coronavirus much more quickly than did their self-appointed political minders. |
Kim Iskyan, American Consequences The late Bernie Madoff's body count exceeded 40,000 investors. Here's how he (almost) pulled off his historic financial fraud. |
Aaron Mak, Slate "I woke up at 4 a.m. I checked Robinhood, finally went back to sleep, woke back up again, checked Robinhood, and then I got on Reddit." |
Alexander Salter, Washington Examiner How worried should we be about the surge in inflation? Prices rose 4.2% year-over-year in April, sending investors and financial analysts into a tizzy. There are palpable fears we're headed for a sustained period of price hikes. Comparisons to the Carter administration are a dime a dozen. |
Market Minder, Fisher Investments Legislators are advancing "SECURE Act 2.0." |
John Tatom, The Hill The experience of the past year shows that unemployment claims drop drastically when the unemployed believe compensation is ending. |
Chris Baecker, RCM Like clockwork, we can count on a study showing how the economy does better under Democratic presidents than Republican ones. This year, the New York Times obliges. To say such analyses are overt efforts to soften up Americans for an increasingly activist government to come may be too cynical. Given the recent release of President Biden's proposal to raise taxes and spending however, one can't be too sure. |
Veronique de Rugy, TAS The Biden administration is insisting that the drop in women's labor force participation requires federal paid family leave. |
Anna Bahney, CNN The housing market is so competitive, buyers are doing anything they can to get a home. |
Sara Morrison, Vox The company spent about $4.4 million to unlock its systems after a ransomware attack. |
Lawrence Gillum, LPL Financial Market Blog Tuesday, May 18, 2021 |
Carrie Schwab-Pomerantz, CS If being home a lot has you eyeing a remodel, be sure to think about the emotional as well as the financial issues. |
Russell Redenbaugh & James Juliano, Kairos Capital Management |
Richard Moody, Regions Bank |
Brian Wesbury & Robert Stein, First Trust Advisors |
Richard Salsman, InterMarket Forecasting Inc. |
Jeffrey Kleintop, Charles Schwab The shortage of supplies indicates risk of economic weakness coupled with rising prices. |
Eli Dourado, City Journal Innovations in biotech, energy, and space could drive the next generation of prosperity—if we let it happen. |
Christian Britschgi, Reason The treasury secretary told the Chamber of Commerce that an activist government funded by higher corporate taxes would be a boon for business too. |
John Rekenthaler, Morningstar Today's retirees will have difficulty continuing a long and happy trend. |
Barry Ritholtz, The Big Picture What am I wrong about? What am I missing? |
Shang-Jin Wei, Project Syndicate As the Chinese government has started to worry about the country's low population growth, it has progressively relaxed its family-planning policy. Policymakers should now go further, and provide a significant financial reward to parents of baby girls. |
Ben Casselman, New York Times The federal government is undertaking the largest stimulus program in American history. The payoff could be more widely shared than usual. |
David Dayen, The American Prospect The telecom giant had a great idea to tie up content and distribution networks under one roof. Turned out it wasn't so great. |
Ira Stoll, The New York Sun "Thanks, science." The phrase is suddenly ubiquitous on social media posts from individuals grateful that they or their children have just been vaccinated against Covid-19. I'm grateful for the impulse people have to express gratitude. Surely science |
Christopher Russo, The Hill While at the New York Fed, I forecasted Treasury's finances and advised officials on the debt limit. |
Zilvinas Silenas, Washington Examiner Energy Secretary Jennifer Granholm gave a pithy response at a White House press briefing last week. A reporter asked her how the government would be responding in the wake of the recent Colonial Pipeline ransomware attack by Russian hackers. |
Matt McFarland, CNN A confused Waymo self-driving car was captured on video as it became stranded on an Arizona road earlier this month while carrying a passenger and then unexpectedly driving away as a worker from the company's roadside assistance arrived to help. |
Sarah Jaffe, Vox Ride-sharing companies are pushing to make a third category of "independent" worker the law of the land. Drivers say the notion of independence is little more than a mirage. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Preston Caldwell, MStar We expect a mid-single-digit impact to average U.S. equity valuations. |
James Picerno, The Capital Spectator Identifying which way the macro wind is blowing isn't getting easier. |
Barry Ritholtz, The Big Picture Forget the hodlers and the BTFD crowd and the so-called crypto experts: Days like today exist as wonderful reminders as to why we hold basic investing principles. It is a good time to ask yourself seven basic questions as to what you are and are not doing, and why. |
Scott Sumner, The Money Illusion Secular stagnation is a long run problem, and hence is not caused by monetary policy, saving/investment imbalances, or the zero bound problem. |
Alex Roy, The Drive Not including vacuuming. |
John Stossel, Reason The government's coronavirus-related unemployment benefits are encouraging some to stay unemployed. |
J.C. Parets, All Star Charts The magazine cover indicator is flashing red. |
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