05/26/2021
Today

Adam Wyden Worries Sen. Ron Wyden Will Tax His Wealth

Antoine Gara, Forbes

In the last ten years, hedge fund investor Adam Wyden made his investors 11 times richer by uncovering hidden stock gems. His biggest worry? That his Democratic Senator father will tax his gains to death.

Is the Bitcoin Craze Coming for Your 401(k)?

Spencer Bokat-Lindell, New York Times

Cryptocurrencies haven't quite delivered on their revolutionary promises. But they are messing with the stock market.

Clean Energy Could Be An Environmental Hazard

Jude Clemente, RealClearEnergy

"Today, the data shows a looming mismatch between the world's strengthened climate ambitions and the availability of critical minerals that are essential to realizing those ambitions,&rdqu

Biden Can 'Build Back Better' w/Big Digital Push

Jeffrey Lamb, RealClearMarkets

When Joe Biden makes his first international trip as President to the G7 Leaders' Summit in the English resort town of Carbis Bay next month, he and the leaders of the world's other industrialized democracies will be asked to tackle an agenda focused on how the world should "build back better from coronavirus and create a greener, more prosperous future" - a global riff on Biden's framing of America's post-Covid economic recovery. President Biden and his counterparts at the G7 summit, who will include not only the traditional attendees from Canada, the UK, Europe, and Japan but also...

Amtrak Joe Brings Us More Govt & Taxes, Less Econ. Growth

Buck Sexton, AC

Biden thinks he sounds like FDR while governing as if he's AOC, but his presidential efforts and accomplishments so far have been DOA.

Rise and Rise of Budget Deficit Government

Christopher DeMuth, RealClearMarkets

The U.S. federal government followed a balanced-budget policy for 181 years, from its first year of operations in 1789 through 1969. That policy had three components: (1) regular operations were paid for with current revenues from taxes and tariffs; (2) borrowing was reserved for wars, other emergencies such as economic depressions, and investments in national development (territory, harbors, transportation); and (3) debts accumulated for those purposes were paid down by subsequent budget surpluses and economic growth. The policy was followed imperfectly but with impressive consistency.

Supply-Side Types Should Stand Proudly for Their Views

Richard Salsman, AIER

"The near-phobic disdain for supply-side economics and neoliberalism this century is part of a new wave of anti-capitalist sentiment. We have seen this movie before. It is a horror film. The true friends of rationality, liberty, and prosperity should wake up, stand proudly, and contend boldly."...

Embracing Worth Beyond Net Worth: Who Is Worthy Now?

Josh Kampel, Worth

Our commitment to highlight how business can accelerate social progress.

The Dumbest New York Times Op-Ed of 2021

Benjamin Zycher, RealClearMarkets

Summer still is weeks away, but already we have a winner in the fierce competition for the coveted title of "Dumbest New York Times opinion column of 2021." The envelope please… and the winner is "Why Charles Koch Wins When Our Energy System Breaks Down," by someone named Christopher Leonard. One really does have to read this column to grasp — actually, to marvel at — the inanity of Leonard's argument, which can be summarized as follows.

You Need This Much Retirement Savings At Your Age, Income

Paul Katzeff, IBD

Are you retirement savings big enough? Many people don't know how to figure that out. But here's a practical, fast, easy way to tell if you're on track.

Despite the Correction, SPACs Have Future

Kara Swisher & Scott Galloway, New York

A recently hot Wall Street trend is now suddenly out of fashion. But it still has its uses.

Kerry Killinger Is Worried That Banks Face Another Crisis

Paul La Monica, CNN

Kerry Killinger, who was named CEO of Washington Mutual in 1990 and was fired in September 2008 just weeks before the bank failed as mortgage loans continued to go bad, spoke to CNN Business about the similarities and differences between now and 2008.

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

Existing Home Sales Trend Will Be Hard to Sustain

Richard Moody, Regions Bank

How the American Rescue Plan Boosted Munis

Cooper Howard, Charles Schwab

However, while the risk for a wave of downgrades has waned, yields are low relative to comparable alternatives.

World of Inflation: Transitory or More Nefarious?

Liz Ann Sonders, Charles Schwab

Inflation has become an obsessed-about topic; with the latest CPI report reinforcing inflationists' fears. Is the Fed right that it's only a "transitory" problem?

Cut Spending For Rich Before Raising Their Taxes

Brian Riedl, Manhattan Institute

As structural budget deficits grow to trillions of dollars and politicians promise even more spending, taxing the rich has become a popular solution to finance expanded government. But large tax increases on high earners not only are insufficient to close much of these budget gaps; they would...

What Is "Tapering" and Why Might It Be Important?

Lawrence Gillum, LPL Financial

Market Blog Tuesday, May 18, 2021

President Biden: Paternalist Instincts of a Central Planner

Richard Ebeling, AIER

"We are in the presidential executive grip of someone who is determined to make us all the players on a grand stage of life upon which he gets to make up and make right for his own frustration, anger, and embarrassment that he experienced as a youngster over a world that did not give his father...

Biden Should Pay Artists to Capture the Human Side of C19

Talia Lavin, MSNBC

We can't let the real, human stories of the pandemic fade into nothing.

Overworked & Underfunded IRS Vies to Carry Out Mission

Pinar Cebi Wilber, Hill

Congress should make sure the agency has enough funds to effectively perform its core duties first and should think carefully before assigning additional tasks to an overworked agency.

Why 'Ma Bell' Must Stop Taking Bullets, and Focus On Its Core

Kim Iskyan, AC

Telecom behemoths AT&T and Verizon are both hemorrhaging assets with their ill-advised forays into the world of digital content creation.

Why Some Believe Investors Have a $9 Trillion Fed Problem

Julia Horowitz, CNN

Central banks were the superheroes of the early phase of the pandemic, taking dramatic steps to save the economy and financial markets from ruin.

What Will Shopping Look Life After the Virus Subsides?

Hilary George-Parkin,Vox

The pandemic has changed how Americans shop, from wider aisles to curbside pickup.

A Modest, Bi-Partisan Step Toward Entitlement Reform

Brian Riedl, The Dispatch

A bipartisan coalition has introduced legislation to keep Social Security and Medicare solvent.

Extra $300 Finally Gives Workers Options They Need

Melissa Gopnik, USA TODAY

The $300 supplement is letting people decide what's best and safest for them and their families. They're no longer a captive workforce.

Post-Pandemic Recovery Cannot Ignore Ballooning Debt

Robert Bixby, The Hill

If we truly want to build an economy that does better than restoring where we were prior to the pandemic, putting the debt on a sustainable path must be part of the solution.

What to Look For While Shopping Around for a 529

Ann Carrns, New York Times

There was big growth in account balances during the pandemic, but some states are offering promotions to attract even more savers.

Tesla Shorts Are Having a Much, Much Better Year In 2021

Chris Isidore, CNN

Those betting against Tesla shares are doing very well so far in 2021, following a disastrous 2020, as shares have lost about a third of their value over the last four months. There just are fewer people shorting the stock this time around.

Fisher Investments on Election-Year Uncertainty: This, Too, Shall Pass

Fisher Investments Editorial Staff, Fisher Investments

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

Shattering the Debt Ceiling Myth

Fisher Investments Editorial Staff, Fisher Investments

Best Strategies For Inflationary Times

Campbell Harvey, FT Alphaville

Man Group analysis shows it pays to own oil, gold and wine, and possibly also a bitcoin if and when inflation bites.

What The DC AG's Amazon Antitrust Suit Is All About

Sara Morrison, Vox

DC's attorney general is suing Amazon over a controversial policy.

Leaders & Laggards in the Post-Pandemic Recovery

Nouriel Roubini, PS

While some major economies are recovering fast from the pandemic-induced recession, others are languishing, and still others remain in a state of acute crisis. The extent to which these global inequalities persist will depend on a range of factors, and will have profound implications for social, political, and geopolitical stability.

Using History to Evaluate Today's Investments

John Rekenthaler, Morningstar

The odds favor equities.

"Fact-Checking" Takes Another Beating

Matt Taibbi, TK News by Matt Taibbi

Fact-checkers are great, but the media business keeps trying to solve its credibility problem by misrepresenting what they do

A Surprisingly Low-Vol Asset Class

Jeremy Schwartz & Matt Wagner, Wisdom Tree

Why Japanese small caps may deserve consideration by value-starved asset allocators.

Why Amazon is paying $9 billion for MGM and James Bond

Peter Kafka, Vox

Amazon isn't competing with Netflix, but it is spending billions trying to figure out Hollywood. Maybe 007 can help.
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