05/15/2021
Today

Bipartisan Accord Against Big Business

Casselman & Tankersley, New York Times

In surveys and political discourse, Republicans are increasingly critical of corporations, but not for the reasons Democrats have long held that view.

Republicans Are Setting a Tax Trap for Biden

Rick Newman, Yahoo Finance

Republicans say they want "user fees" to pay for new roads and bridges. That would mean tax hikes on ordinary Americans.

Don't Compromise on the Infrastructure Package

The Editors, National Review

Republicans would be making a huge mistake by striking an $800 billion spending deal with Biden.

Here's the Price We'll Pay if We Don't Control Spending

Ben Carson, Fox News

The government spends trillions more than it takes in every year. For decades, our politicians have been more concerned with making speeches and raiding the treasury than sound economics and fiscal responsibility.

There's No Need to Panic over Inflation

Alexander William Salter, National Review

In fact, it might even have a few silver linings.

Why Inflation Is at a 12-year High

Peter Jacobsen, Foundation for Economic Education

Yesterday, the Bureau of Labor Statistics (BLS) released numbers indicating that the average price level of consumer goods has risen 4.2% since this time last year. This is the highest rate since 2008. Some economists say "don't sweat it." This economist says they're wrong.

Middle-Class Pay Lost Pace. Is Washington to Blame?

Noam Scheiber, NYT

A new paper by liberal economists presents evidence that policymakers helped hold down wages for four decades.

What the Government Should Learn From SpaceX

Leah Libresco Sargeant, Week

One lesson America's political leaders should learn from SpaceX

Tempted To Retire Early? Consider 2 Critical Factors

Allison Schrager, Bloomberg

Inflation and interest rates will determine how much of your savings you'll actually be able to spend.

We're Vaccinated — We Should Be Tossing Our Masks

Tom Nichols, WP

All-In Podcast: CDC Failures, UBI Experiments & More

Palihapitiya & More, All-In

0:00 Jason goes behind the scenes of Elon's SNL appearance 23:36 CDC failures, misleading information on COVID spreading outdoors 39:10 Reacting to Stanley Druckenmiller's thoughts on current Fed po

There Are Reasons to Be Worried About Inflation

Jeffrey Gundlach, Yahoo Finance

Yahoo Finance's Julia LaRoche spoke with DoubleLine Founder and CEO Jeffrey Gundlach about the Federal Reserve, inflation, stimulus, cryptocurrencies, and the economy.

Life of Tax: How Much Tax is Paid Over a Lifetime

Editors, Self Financial

Ever wondered how much tax you will pay over your lifetime? We've worked it out for each state in the US. See the analysis here.

Is 1970s-Style Inflation Coming Back?

Kathy Jones, Charles Schwab

Although we expect higher prices over the next few years, a return to that level of inflation is unlikely.

April CPI: More Than Base Effects at Work

Richard Moody, Regions Bank

Full-Time Job to Full-Time Parent?

Carrie Schwab-Pomerantz, Charles Schwab

Leaving your job to be a full-time parent has emotional, professional and financial implications. Be prepared.

Biden & Powell v. Summers & Dudley

Brian Wesbury & Robert Stein, First Trust

Tips for Handling Potential Capital Gains Change

Hayden Adams, Charles Schwab

Although it's not clear what final legislation could look like, there are possible ways to mitigate any potential tax impact.

The Fall of the Titans!

Joe Steidl & Tiffany Su, Research Affiliates

The performance of a market-cap-weighted index is driven by a handful of stocks with the largest capitalizations, but these stocks do not remain at the top for long. A smart beta multi-factor strategy is a good solution for investors concerned about the concentration risk of a passive market-cap tracker.

Progressive Apple Valley Hypocrites Claim Another Scalp

Matt Taibbi, TK News

Much easier to ruin a career than mess with a corporate cash cow

Companies That Stand To Gain From Biden's Jobs Plan

Dave Sekera, MStar

But while increased infrastructure spending will create opportunity, the market has already priced in most of these companies' potential.

He's a Dogecoin Millionaire. And He's Not Selling.

Kevin Roose, New York Times

Glauber Contessoto went looking for something that could change his fortunes overnight. He found it in a joke cryptocurrency.

Robinhood's Big Gamble

Sheelah Kolhatkar, The New Yorker

In eliminating barriers to investing in the stock market, is the app democratizing finance or encouraging risky behavior?

The Long Run: Low Interest Rates Mean Low Growth

James L. Caton, AIER

We've trod down the post-Bernanke path long enough to learn that the cost of following a policy of resource allocation by the Federal Reserve instead of allowing a modestly higher rate of inflation is lower growth of real income.

You Have To Play Your Own Game

Morgan Housel, Collaborative Fund

Every investor is different.

Tether Reserves Depend On Your Definition of Cash

Jemima Kelly, FT Alphaville

Not exactly backed one for one with dollars.

Industrial Planning Did Not Deliver the COVID Vaccines

Alberto Mingardi, PS

Advocates of active government regard the development of effective COVID-19 vaccines as a case of successful "industrial planning." But the vaccines are a triumph not of state direction but of "innovism" – a private-sector-led, trial-and-error search for good things for which consumers are willing to pay.

Biden Threatens Germany's Biotech Industry

Claus Hecking, Der Spiegel

With their next-generation mRNA vaccines, the German companies BioNTech and CureVac are at the forefront of pharmaceutical innovation. But U.S. President Joe Biden's plan to suspend patent protections is threatening that position.

Will Biden/Powell Kill What Reagan/Volcker Killed?

Ed Yardeni, Dr. Ed's Blog

Should we be worried about a wage/price spiral like the 1970s?

Panic Buying As House Prices Soar Around The World

Hanna Ziady, CNN

It wasn't long ago that real estate experts were bracing for the worst.

10 Superior Dividend Stocks For All Seasons

Susan Dziubinski, Morningstar

These stocks are good choices whether you're looking for dividend growth, down-market defense, or inflation protection.

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

Are We Now In A 'Shortage Economy'?

Laurent Belsie, Christian Science Monitor

For decades the general trend has been toward an economy of abundance, not shortages. At least for now, the story is suddenly different.

How Long Will 'Transitory' Inflation Last?

James Picerno, The Capital Spectator

Is this the start of an inflationary wave or just the latest run of noise?

The Inflation Trilemma

Tyler Cowen, Marginal Revolution

You all know by now that the measured rate of price inflation came in at 4.2%, much higher than expected. Many people wish to maintain this is not a major problem, and maybe they are right. But here are three views you cannot hold simultaneously

Is It Inflation or Partisan Politics?

Barry Ritholtz, The Big Picture

Why do Republicans only see inflation when a Democrat is President?

The Boy Who Cried Inflation

Emory Zink, Morningstar

Persistent warnings about rising inflation have proved to be false alarms. Could this time be different?

Biden's "Rescue" Plan Is Holding Back The Recovery

Peter Suderman, Reason

The economic aid package paid people not to work. So it's no surprise that many aren't working.
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