10/12/2021
Today

A Myth That Won't Die About the Fed & Market

John Tamny, American Consequences

If the Fed were omnipotent, FANNG stocks wouldn't exist and you'd be streaming on Blockbuster and tightly holding onto your AOL shares.

Think You Are Investing Ethically? You Might Be Surprised

Emily Stewart, Vox

Think you're investing ethically? You might be surprised.

Investors Should Be Left Free to Choose Sans Regulation

Hester Peirce, CNN

Investor protection means enforcing antifraud and disclosure rules, but it also means protecting an investor's right to make investment decisions for herself, to take risks and to use the latest technology to trade and invest.

Monetary Policy Is Not the Source of Today's Inflation

Joseph Calhoun, Alhambra

Bonds sold off again last week with the yield on the 10-year Treasury closing over 1.6% for the first time since early June. The yield is now down just 16 basis points from the high of 1.76% set on March 30. But this rise in rates is at least a little different than

Government More and More Tells Bus. What to Do

Bethany Mandel, New York Post

'I'm from the government and I'm here to help." Ronald Reagan called them the nine most terrifying words in the English language.

The September Jobless Report Is An 'Oof'

Catherine Rampell, The Washington Post

The effects of covid are all over this report.

The Heavily Distorted Market for 'Woke Capitalism' –

Samuel Gregg, Law & Liberty

Samuel Gregg reviews Vivek Ramaswam's Woke, Inc. about woke capitalism and how it hurts American business and politics.

Marco Rubio Doesn't Know What a 'Socialist' Is

Jonathan Chait, New York Magazine

The Florida Republican gives a master class in political philosophy.

The Convenient Reason Right-Wing Types Defend Facebook

Aaron Mak, Slate

They're not worried about harms to teens. They're worried about their traffic.

John Oliver's Misguided Rant About Man-Made Chemicals

David Clement, RCM

British showman and comedian John Oliver, known for his punchy and thorough rants on public policy, has set his sights on a new target: man made chemicals, known as PFAS. In his now viral rant, Oliver explains how PFAS chemicals are problematic for human health and wants all of these chemicals to be declared hazardous by law. This is, in fact, what Congress is attempting to do via the PFAS Action Act, which has passed the House and is waiting for a final vote in the Senate.

The Path to $1 Million With Monthly Savings of $737

Christy Bieber, Motley Fool

A seven-figure net worth is in reach in the long run if you begin investing $737 a month – or about 15% of your income – starting at age 37.

Why Access to Deficit Finance Is a Generational Burden

Donald Boudreaux, AIER

"Only someone who is convinced that government will undertake only economically worthwhile projects regardless of the means of financing – or someone who doesn't understand economics – can look favorably upon deficit financing by government." ~ Donald J. Boudreaux

Investment Expenses: What's Tax Deductible?

Hayden Adams, Charles Schwab

The IRS allows taxpayers various tax deductions for investment-related expenses if those expenses are related to producing taxable investment income. Do your expenses qualify?

'Transitory' Intends to Stick Around For a While

Richard Moody, Regions Bank

Flavor of Weak: An End to Key Winning Streaks

Liz Ann Sonders, Charles Schwab

September's end brought some key winning streaks to an end courtesy of elevated risks associated with myriad economic, inflation and policy related uncertainties.

The Federal Reserve Has Another Problem On Its Hands

Pat O'Hare, Briefing.com

We Have No Theory of Inflation

Duncan Weldon, Value Added

Inflation is the biggest debate in macro. The models don't work.

Dividends by the Numbers in September 2021

Ironman, Political Calculations

September 2021 closed out a strong quarter for dividend paying stocks in the U.S. stock market.

Look Past The 1970s For Economic Parallels

Neil Shearing, Capital Economics

Fuel shortages, tax increases and a whiff of stagflation have prompted comparisons between the economic situation today and that of the 1970s. But for the UK at least, the similarities with the period immediately following the Second World War are arguably more striking.

So Far No One In High Office Has Endorsed the $1T 'Krugman'

Editorial, NYS

Now that Congress has kicked the debt ceiling down the road a few months, what of the idea of minting a $1 trillion coin made of platinum? Supposedly our leaders would smelt this trillion dollar slug from a bit of platinum and deposit it at the

The Trillion-Dollar Coin Scheme Explained By Its Inventor

Dylan Matthews, Vox

Let us now praise Beowulf, perhaps the most influential blog commenter of all time.

You Can Invest Very Well by Keeping Things Simple

Paul Brown, New York Times

You don't need a lot of mutual funds or exchange-traded funds to build a solid portfolio.

Trump Would Be Richer If He's Just Purchased the S & P

Dan Alexander, Forbes

Trump's fortune plunged at the outset of the pandemic, but unlike the overall stock market, his real estate empire hasn't come roaring back.

A Case for How We've Reached Peak Corporate Earnings

Paul La Monica, CNN

Corporate profits soared in the first half of this year, largely because of favorable comparisons to last year's weak earnings. The Covid shutdown of the economy hit major companies hard in the first half of 2020.

Throttling Free Speech Is Not the Way to Fix Facebook

Jonathan Turley, The Hill

We may want to consider what we would lose in this Faustian free-speech bargain.

How Facebook Can, and Should, Be Tamed by Govt

Eric Spitznagel, New York Post

Experts weigh in on what governments can — and should do — about Facebook, and how to learn from the past.

When Exactly Will We Finally Start Eating the Rich?

Ja'han Jones, MSNBC.com

The news surrounding AT&T, Facebook, the Pandora Papers and the stalemate in Congress has me ready to eat the rich.

Competition Is For Losers: Silicon Valley Vampire

David Runciman, LROB

Peter​ thiel is known for so many different things it can be hard to keep up.

The Radically Changing Labor Market

Barry Ritholtz, The Big Picture

These days, the labor market is even more unusually dynamic than usual. It is not an exaggeration to suggest it is in the midst of a radical transformation.

Shattering the Debt Ceiling Myth

Fisher Investments Editorial Staff, Fisher Investments

History of Sovereign Defaults & Debt Limits

Jamie Catherwood, Investor Amnesia

Throughout history, states and sovereign entities have utilized debt as a mechanism for control and influence, wielding the financial instrument like another weapon in their arsenal.

Wall Street Trailblazer or Scam Artist?

Eddy Elfenbein, Crossing Wall Street

Sometimes American history can be downright surreal.

The Delta Jobs Slowdown?

Matthew C. Klein, The Overshoot

Four quick thoughts on what looks like unpleasant news

Retail Traders Have The Advantage of Freedom

Mike Harris, Price Action Lab

Retails traders have a significant advantage over small to medium size funds: they have more freedom to adjust risk and trade a wide variety of strategies and products.

No College Degree? No Problem At Many Employers

Jeanne Sahadi, CNN

If you don't have a four-year college degree, you're hardly alone. The majority of US working age adults do not.

Cryptocurrencies' Next Stage

Aleh Tsyvinski, Project Syndicate

This "mainstreaming" of blockchain applications marks the end of the first stage of the technology's development. Now, with the help of regulators in a range of countries, cryptocurrency is entering the next phase of its evolution: becoming an investable asset.

The 10 Companies With The Happiest Employees

Jennifer Liu, CNBC

Zoom, which ranked No. 1 for happiest employees in 2019 and 2020, slipped in this year's ranking.
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