07/21/2021
Today

At What Price Does "Safety" Come For Investors?

Mark Spitznagel, Financial Times

Cost of risk mitigation is often worse than the feared outcome

A Very Dangerous Market: Interview With Fred Hickey

Christoph Gisiger, themarket

Fred Hickey, editor of the investment bulletin «The High-Tech Strategist,» expects that the bull market in precious metals is about to get the next surge. He is betting on gold mining as well as energy stocks and is wagering against the ever-crazier valuations in the tech sector.

Two Lessons From 2020's Two-Month Downturn

Market Minder, Fisher Investments

In honor of NBER's official declaration of economic recovery, we highlight two lessons.

What Happens To Your 401(k) When You Leave a Job?

Emily Brandon, U.S. News

Every time you change jobs, you need to decide what to do with your old 401(k) plan. Leaving a job can be a time to seek better mutual fund choices and lower investment costs. But it's also important to take care to avoid fees and taxes when you move your money.

GOP Tech Tantrum Imperils Its Net Neutrality Win

Patrick Hedger, RealClearMarkets

The freak-out over net neutrality falls somewhere between the Y2K paranoia and the Mayan Calendar on the Chicken Little scale. CNN declared the passage of the 2017 Restoring Internet Freedom Order the "End of the internet as we know it." The official Twitter account of Senate Democrats Tweeted, "If we don't save net neutrality, you'll get the internet one word at a time," with large spaces between each word. The rhetoric was so overheated a bomb threat was called in to the FCC meeting where the rollback of net neutrality rules was passed. Of course, the catastrophe never came to pass. Today,...

From Macy's to Albertsons, Facial Recognition Is Here

Rebecca Heilweil, Vox

Customers are largely unaware that some of their favorite stores are using facial recognition tech.

How 'Big Tech' Can Power Mkt Environmentalism

Paul Schwennesen, Law & Liberty

Paul Schwennesen explains how Big Tech can lead a market-driven environmentalism.

Some of the Many Things That I Love About America

Rob Smith, RealClearMarkets

A friend of mine, a big muckety muck CEO of a national company with $14 billion in sales suggested that I write a positive article about "good things" going on in the US and quit bashing the Left. I would list "Mr. Big's" name, but I am afraid being associated with a flame throwing reactionary such as myself would make his company's stock plummet. I don't want people picketing in front of his house and scaring his family, so he will remain anonymous. I promise to be completely unbiased and apolitical; no snarky comments! In the words of Joe Isuzu, you can trust me! So here are a few of the...

To Vaccinate the World, Supply Is Only Half the Issue

David Adler, Foreign Policy

The pandemic ends by getting shots in arms.

8 Hours a Day, 5 Days a Week Is Not Working for Us

Bryce Covert, New York Times

The goal is "one reasonable job per person," not "two for one and half for another."

Some Bright Spots In Biden's Exec. Order on Competition

Yael Ossowski, RCM

Earlier this month, as Americans finished up the 4-day work week to enjoy midsummer weather, President Biden unveiled an executive order on promoting competition in our economy. While it contains several aspects that could negatively impact consumers, there are also some bright spots that could help spark new innovations, remove red tape, and help reduce prices.

Yet Another NYC Price Intervention Threatens Dining

Ike Brannon, City Journal

New York City's proposed restaurant-delivery fee-price cap threatens to upset a fragile market.

Strong Growth In 2nd Quarter

Brian Wesbury & Robert Stein, First Trust Advisors

Is the Coronavirus Recession Over?

Brad McMillan, Commonwealth Financial Network

According to NBER, the COVID recession is over. But is it? Commonwealth CIO Brad McMillan weighs in.

Residential Const.: Upside Surprise Leaves Questions

Richard Moody, Regions

Economic Preview for the Week of July 18th

Richard Moody, Regions Bank

Organ Procurement Will Improve Equity, Save Lives

Seth Karp & Greg Segal, THC

In the more than 35 years since federal legislation created organ procurement organizations (OPOs) to recover organs from deceased donors for transplantation, there has been a disparity in their performance,...

A Case for Interest Rates As the Big Factor with Stocks

Pat O'Hare, Briefing.com

Still a Good Equities Backdrop

Daniel Kern & Renee Kwok, TFC Financial Management

Assuming Soc. Security Cuts In 2034, What to Expect

Robert Powell, USA TODAY

It's not a new discovery that Social Security income will fall short of scheduled benefit. But there's no need to overreact.

Inflation Is the Biggest Concern for Retirees

David Eifrig, American Consequences

Be it the German mark of the 1920s or the U.S. dollar now, hyperinflation is tragically timeless. And it's coming after your savings.

Good Riddance, TurboTax. We Need Free File

Binyamin Appelbaum, New York Times

The company's exit from a federal program that provides free tax-filing software is an opportunity for the I.R.S. to create something better.

To Achieve Prosperity, Make Child Tax Credit Permanent

Gary Cunningham, Hill

Making the expansions to the Child Tax Credit permanent is a first step towards making our tax system work for all families.

Welcome To the New Age of Billionaire Joyrides In Space

Rebecca Heilweil, Vox

Blue Origin launched its first flight with humans aboard, including billionaire Jeff Bezos.

Why Some On Left Dislike Step-Up Basis Tax System

Tim Worstall, The Examiner

President Joe Biden's American Families Plan suggests eliminating the step-up basis tax process.

Pros/Cons of Using Equities to Secure a Loan

Ben Luthi, U.S. News & World Report

Securities-based lending is the practice of lending money to investors who use their securities, such as stocks, exchange-traded funds and others, as collateral for the loan. Getting a securities-backed loan can be a good way to get some liquidity when you need it without selling a portion of your portfolio. But there are some drawbacks to keep in mind if you're considering it.

Understanding C19 Recession

Robert Mulligan, American Institute for Economic Research

"National debt ballooned together with the Fed's balance sheet even before the pandemic hit, and once it did we've been spending with unprecedented recklessness for relief, recovery, and even supposed infrastructure expansion. Spending this wealth that has yet to be created guarantees, not just...

How Worried Should You Be About Inflation?

Spencer Bokat-Lindell, New York Times

If you've had to scour the market lately for an affordable car or a new apartment lease, you may have noticed: Things are getting more expensive.

How Some Think the Fed Can Impact Mkts.

Paulina Likos, U.S. News & World Report

The role of the Federal Reserve is to help the U.S. economy operate effectively. The Fed has a lot of power to influence the economy, and this indirectly impacts how stocks move. While the stock market is not the economy, it can be seen as a reflection of how confident consumers are about the strength of the economy now and in the future.

Let's Not Pretend That We Defeated Coronavirus Lockdowns

Ethan Yang, AIER

"Despite the evidence, despite the advocacy, despite the public outcry, the lockdowners had their way with society. Some of them have gotten away with blatant hypocrisy while in positions of authority. The list is so large the Heritage Foundation even has a database to list the notable...

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

The 'Seinfeld' Stock Market

Leonard Kostovetsky, The Blindfolded Chimpanzee

The stock market's movements are not always reactions to news. Some price changes are due to randomness and sometimes what's newsworthy is a lack of news.

How Rich Was Babe Ruth?

John Rekenthaler, Morningstar

The lesson learned by translating yesterday's dollars.

California: When Growth Grinds to a Halt

Matt Welch, Reason

California slides from dynamism to stasis.

The Trillion Dollar Biotechnology Company?

Howard Lindzon, Howard Lindzon

I am fascinated by the speed at which Moderna has become a $100 billion company…a biotech one at that.

NPR's Brilliant Self-Own

Matt Taibbi, TK News by Matt Taibbi

National Public Radio complains about a media figure who tells people "what their opinions should be" and uses political "buzzwords"

Lumber to Gold Nonsense

Michael Harris, Price Action Lab

Recently, there were numerous references in mainstream financial media to the lumber/gold ratio and its potential link to a correction in stock market.

The Renaissance of The American Mall

Erica Pandey, Axios

As the appreciation of public space grows, the humble mall could be the place to be
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