05/10/2021
Today Rob Arnott & John Tamny, RCP There will always be munis. Income from municipal bonds typically enjoys tax-free status at the federal level and in the issuing state. Conversely, when... |
Jeff Sommer, NYT Stocks have soared under the new president, and the Dow has generally preferred Democrats since 1901. But don't count on that for the future. |
Elisabeth Dellinger, Fisher Investments Apparently, crickets celebrated the Flash Crash's 11th birthday. |
Amity Shlaes, The Hill An arbitrary national economic campaign from the top generates damaging uncertainty in the economy. |
Emily Stewart, Vox Everything about the pandemic economy has been weird, including jobs. |
Dana Peterson, CNN Help-wanted signs are cropping up everywhere and reports of labor shortages with them. Does this mean the US has achieved the "substantial further progress" toward labor-market healing that the Federal Reserve is seeking? More importantly, is it time for Fed policymakers to start reversing their easy monetary policy and raising interest rates? The answer remains "no" to both questions. |
Charles Gasparino, New York Post Even as the United States' economy begins to re-open, the jobs report released Friday did not paint a rosy picture of the economy. The Biden administration's policies might be part of t… |
Michael Hiltzik, LAT Evidence mounts that some employers can't find workers because they're jerks. |
A.J. Rice, RealClearMarkets Why work when Joe Biden and the Democrats will pay you more not to? Or when you can't afford to work - because the schools you paid for via your property taxes are closed and you can't just leave your kids home, alone. "Stimulus" checks came - several times. Unemployment never went - and the spending keeps increasing, including trillions for what the Democrats style "infrastructure." Much of which doesn't involve roads or putting people to work building new ones and repairing existing ones. Rent and mortgages, forgiven. Landlords stiffed. It's not just a free lunch. It's free breakfast,... |
James Surowiecki, MSNBC.com When people like the Gateses get divorced, it can have a massive impact on people all over the world. |
Andrew Wilford, RCM What do disputes about the value of the late Michael Jackson's image and the divorce of Bill and Melinda Gates have in common? No, it's not a joke, or at least not a very funny one — the answer is that they both highlight just how difficult administering a wealth tax would be. As I've noted here in the past, one of the most significant issues any wealth tax must grapple with is how to value non-liquid assets. In order to calculate tax liability based on net worth, it's necessary to establish how much a taxpayer's assets are actually worth. That's fairly easy for things like stocks and... |
Ryan Cooper, Week Most student loans issued today are never going to be paid off |
Liz Ann Sonders, Charles Schwab The stock market has been generally cheering strong economic data; but history shows that boom economic conditions may already be largely priced in. |
Richard Moody, Regions Bank |
Brad McMillan, Commonwealth In April, the medical news was good, and the economic news was better. Commonwealth CIO Brad McMillan assesses the potential for more progress ahead. |
Collin Martin & Christina Shaffer, Charles Schwab The pace of inflation—from below 2% to greater than 4%—has a big impact on the performance of various asset classes. |
Bret Swanson, American Enterprise Institute |
Various, Research Affiliates Europe is a step ahead of the United States in climate-related regulation, but we expect a similar regulatory structure will be enacted soon in the United States. US investors have an opportunity now in planning how to align investment decision making with the provisions already outlined by EU regulators. |
Carrie Schwab-Pomerantz, Charles Schwab Debt consolidation can help you manage your current finances, but make sure it also makes sense in the long term. |
Jason Kephart, Morningstar The classic balanced portfolio wasn't slowed down by the worst quarter for U.S. core bonds this century. |
Eric Boehm, Reason Trump imposed huge tariffs on imported steel and Biden is keeping them in place even as American businesses beg for relief. |
Joanna Glasner, Crunchbase Across the country, restaurant operators are reporting steep staff shortages, and are struggling to hire both cooks and wait staff. |
Edward Price, Financial Times Is the Phillips curve alive or dead? |
Jordan Weissmann, Slate The bong-ripping frat of the crypto world is having its moment. |
Neil Irwin, New York Times April's anemic job creation was so out of line with what other indicators have suggested that it will take some time to unravel the mystery. |
Veronique de Rugy, Reason The president says fighting climate change is one of his primary goals. His legislation would do no such thing. |
Michael Johnston, Evergreen Gavekal Warren Buffett and Charlie Munger dropped four bombshells at the Berkshire Hathaway annual meeting. |
Morgan Housel, Collaborative Fund Markets don't stay within the limits of sanity; they always overdose on pessimism and optimism. |
Casey Carlisle, UncleNap Government cannot create better times. |
Eric Boehm, Reason Is there any hope to check the growth of the state? |
Matt Taibbi, TK News by Matt Taibbi How does a small sandwich shop near Philly that did $13,976 in sales last year come to have a $2 billion valuation? |
Charlie Bilello, Compound Advisors Over the past few months, we've made considerable progress in defeating covid-19. |
ATabarrok & Alex Tabarrok, Marginal Revolution For the last year and a half I have been shouting from the rooftops, "invest in capacity, build more factories, shore up the supply lines, spend billions to save trillions." |
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