07/24/2021
Today Rob Smith, RCM I don't agree that economics is really a "hard" science. Economics is a function of human behavior, period. Now, if you go to a fancy Ivy League university, major in economics and then go on to get a economics PHD and teach at Harvard, do you really know more than I do about how to run the country? I doubt it. My observation is the more elevated someone's academic status is, the more impressed policy makers are in that someone's opinions. You've heard of the Phillips Curve, Moore's Law and Occam's Razor. Well here is a new axiom to consider that should be part of your economic vernacular,... |
Michael Strain, NYT The president's economic plan would risk making inflation worse. |
Charles C.W. Cooke, USA Today The federal government debt, which is higher than it has been at any point since World War II, is now larger than the entire American economy. |
Michael Peterson, Am. Inst. for Economic Research "These irresponsible government actions are especially acute and more harmful in developing countries and among the poor because most workers can't afford to sacrifice weeks or perhaps months of income, only to be confined to what is effectively house arrest." ~ Michael N. Peterson |
Pat O'Hare, Briefing.com COVID cases tied to the Delta variant are increasing around the world. That realization ostensibly led to some broad-based selling this past Monday that had the Dow Jones Industrial Average down as many as 946 points, or 2.7%, the Nasdaq Composite down 248 points, or 1.7%, the S&P 500 down 94 points, or 2.2%, and the Russell 2000 down 56 points or 2.6%. It was an ugly start to the week alright, but it was just a start -- literally. |
Kim Iskyan, American Consequences July 23, 2021 - Robinhood has been in the spotlight (and under the microscope) the past few years, most recently for its role in the GameStop meme-stock frenzy. So should you buy in? Or run for the hills? It's complicated... |
Maurie Backman, MF Social Security will only go so far in retirement. Here are ways to make up for the shortfall, including maxing out your IRA and saving money in HSAs. |
Clara Del Villar, Newsmax We may now be facing a worrisome variation on Franklin's observation. Not only are significant tax increase proposals on the radar, but we are now experiencing the return of inflation. |
Jordan Weissmann, Slate Even if it's only "temporary." |
Karol Markowicz, New York Post Are we really doing this again? Are we really talking about returning to masking? Again? |
Sergio Galeano, The Hill The call of American workers for a change in their careers or an opportunity to invest in themselves and their livelihoods should be met with a genuine, effective and to-scale response. |
Rani Molla, Vox The future of work, according to a remote work expert. |
Jeffrey Kleintop, Charles Schwab COVID-19 resurgences appear to be the primary driver of moves across many markets this year. |
Brian Wesbury & Robert Stein, First Trust Advisors |
Brad McMillan, Commonwealth Financial Network According to NBER, the COVID recession is over. But is it? Commonwealth CIO Brad McMillan weighs in. |
Richard Moody, Regions Bank |
Daron Acemoglu, Project Syndicate With Sino-American relations increasingly coming to resemble the geopolitical dynamics of the original Cold War, the world is heading toward a fraught new equilibrium. While some in the West long for a new "Sputnik moment" to motivate investments and reform, they should be careful what they wish for. |
Drew Dickson, Albert Bridge Capital As it turns out, it isn't that the people are paying a bigger growth premium for US Growth over European Growth; but instead it is that people are paying a (much) bigger multiple for US Value than for European Value. |
David Streitfeld, New York Times As the world reeled, Silicon Valley supplied the tools that made life and work possible. Now tech companies are awash in money — and questions about what it means to win amid so much loss. |
Izabella Kaminska, FT Alphaville Efforts are under way to protect the world's financial networks from a quantum attack. But some question if the threat to crypto assets is really as existential as feared. |
Laura Flanders, The Nation But Joe Manchin's daughter, a company executive, is laughing all the way to the bank. |
Ben Holland, BusinessWeek Sure, Congress wrote some giant checks during the pandemic. But the architects of Modern Monetary Theory say tolerance for deficits and spending is only part of their mission. |
Robert Litan, The New Republic A little-known law allows the most prestigious schools in America to cap the aid they offer to the most sought-after applicants, a provision that harms students of color. |
Neil Irwin, New York Times The economy is a riddle, but clearly it's having a harder time rebooting itself than had seemed possible in the spring. |
Chris Taylor, Reuters In this manic era of meme stocks, cryptocurrencies and real-estate bidding wars, studying the history of financial markets might seem a little dry and old-fashioned. Except to Jeremy Grantham. |
Sandeep Vaheesan, The American Prospect So it can't buy off competitors to keep prices high |
John H. Cochrane, Project Syndicate The idea that climate change poses a threat to the financial system is absurd, not least because everyone already knows that global warming is happening and that fossil fuels are being phased out. The new push for climate-related financial regulation is not really about risk; it is about a political agenda. |
Susan Dziubinski, Morningstar These undervalued wide- and narrow-moat names were recently added to the Morningstar Global Markets ex-US Moat Focus Index. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Robert Gast, Scientific American Researchers are taking a closer look at this science-fiction staple—and bringing the idea a little closer to reality |
macromon, Global Macro Monitor What if bonds rally on technical issues and everyone takes it as a real signal? |
Ben Carlson, AWOCS Interest rates have impacted the housing market but emotions have a bigger impact. |
Christine Benz, Morningstar Grant us investors the wisdom to know the difference. |
John Lim, HumbleDollar ARE THERE TIMES when a near 100% international stock allocation makes sense? I believe there are—and that today is just such a moment. |
Paul Benjamin Osterlund, Rest of World How a baby faced CEO turned a Farmville clone into a massive ponzi scheme. |
Veronique de Rugy, Reason As inflation increases, we need a low-debt environment. |
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