06/15/2021
Today

BTC Will Affect All of Our Futures, For Good or Bad

Eswar Prasad, New York Times

Its value is volatile. Its users aren't as anonymous as they think. It might be a threat to the environment. And it could be exacerbating inequality.

Why We Sometimes Die When Trying to Avoid Risk

Allison Schrager, Bloomberg

Last summer I met up with two friends for dinner at an outdoor restaurant. I hadn't seen much of them in the early months of the pandemic because they were afraid to venture out. One said meeting up felt like "we're playing Russian Roulette with our lives."

What I Learned During the 2020 Lockdown Fight

Jeffrey Tucker, RealClearMarkets

Last year presented the shock of our lives, the near-end of anything we call human liberty in the US (but for one lonely state of 50), all in the name of virus control. I was party to a strategy that successfully helped fight the lockdowns, and it taught me some valuable lessons about the role of ideas in realizing change. I had hoped that the fires of liberty, burning within the hearts of the American public, would have been strong enough to stop this kind of tyranny from being visited upon us. I would have predicted massive pushback, but it did not happen for a good part of the year....

Did the C19 Crisis Signal End of Capitalism?

Rainer Zitelmann, Washington Examiner

Since the dawn of anti-capitalism, the free market's opponents have been waiting for the great crisis that will bring about its final collapse.

High 'Quits Rate' In Labor Market Is Our Focus

Joe Calhoun, Alhambra Investments

I told you last week that there were strange things going on in the labor market but I had no idea how much of an understatement that really was. Much of last week's economic focus was on the inflation report but I think the JOLTS report may turn out to be more significant. Inflation was

To End Labor Shortages, Bus. Leaders Must Invest More

Caren Merrick, The Hill

Companies will have to take greater ownership over the development of their own workforces.

More IRS Proof That Wealth Tax Is Much Needed

Michael Hiltzik, Los Angeles Times

ProPublica's tax investigation shows why billionaires should be taxed on their wealth.

A Tax on Jeff Bezos Is a Cruel Tax on All of Us

John Tamny, American Consequences

The outcry for plutocrats 'paying a fair share' in taxes misses one point: sound private investment money ends up squandered by Washington.

Don't Blame Wall Street For the Chaotic Housing Market

Jerusalem Demsas, Vox

The boogeyman isn't who you want it to be.

Some Welcome Reserve From the Fed On Global Warming

Steven Milloy, RCM

Federal Reserve chairman Jerome Powell recently announced that the U.S. central bank will not be implementing climate policy. Such a statement should not be necessary. But it is welcome given the Fed's recent moves toward becoming a tool of climate activists. At a meeting of central bank leaders last week, European Central Bank president Christine LaGarde set the tone by stating, "We have to commit now, we have to deliver fast, and I think we have to implement decisively" on combatting global warming.

Decarbonization: It's the Demand Side, Stupid

Rupert Darwall, RealClearEnergy

By any standard, the London meeting of finance ministers of the Group of Seven leading Western economies a week before the G7 leaders' summit was historic. By committing to transformative struct

The Keystone Pipeline Was Never Key for Stocks

Market Minder, Fisher Investments

A lesson in how to put seemingly big headlines in context.

Municipal Bond Mid-Year Outlook: Positive View

Cooper Howard, Charles Schwab

We see several potential tailwinds for municipal bonds in the second half of the year.

Roth vs. Traditional IRAs: Which Is Right for You?

Rob Williams, Charles Schwab

Traditional and Roth IRAs have distinct requirements, including eligibility and contribution limits. Here's a guide to help you decide what's best for you.

CPI: Up, Up and Away....For Now

Richard Moody, Regions Bank

2021 Mid-Year Outlook: Global Stocks and Economy

Jeffrey Kleintop, Schwab

The recovery is now over; a new global economic expansion has begun. The new economic cycle has seen stock market leadership pass from the U.S. to Europe.

Which Industries Surge From Pandemic Demand?

Rija Ali, TOP Agency

Young Americans Rushed to Buy Life Ins. w/Some Regret

Mike Brown, Expertise

An Expertise.com survey revealed how many young Americans rushed to buy life insurance during the pandemic & are now regretting the decision.

We View the Unemployment Report In a Bullish Light

Ryan Severino, JLL

Amid Frothy Markets, Better to Feed the Ducks

Dan Ferris, American Consequences

When it comes to the meme stocks of AMC and Gamestop, the best move as an investor is to watch from the sidelines.

What Fifty-Somethings Can Leverage to Retire Early

Kailey Hagen, Motley Fool

If you want to retire early without paying penalties, you need to read this.

Biden's Immigration Plan Could Boost Economic Recovery

Nicole Narea, Vox

Employers need to be able to hire both foreign and American workers in order to bounce back.

Bidenomics Is Proving Very Harmful to the United States

Editorial, New York Post

Bidenomics is proving an utter disaster for American workers and consumers, and don't bet on it to end soon. With the pandemic all but over — more than half of American adults are fully vaccin…

Useful Free Trade Lessons From the British Empire -

Samuel Gregg, Law & Liberty

Sam Gregg shows that the triumph of free trade in the British Empire holds lessons for winning the current battle against protectionism.

Keystone XL Pipeline Is Dead. Next Target: Line 3.

Bill McKibben, New York Times

The fight over the pipeline will be, at least for now, where Biden's climate commitment will be judged.

Keystone Cancellation Bad for Environment

Charlotte Whelan, Washington Examiner

On Wednesday, the Canadian pipeline company that was building the Keystone XL pipeline canceled the project. This isn't surprising: President Joe Biden spared no time to revoke the pipeline's permit through an executive order.

Private Companies Need Federal Support w/Infrastructure

David Hickton, The Hill

The U.S. has relied on the private sector as the frontline of cybersecurity defenses without imposing commonsense, mandatory standards.

The Return of the Finance Threat?

Mohamed A. El-Erian, Project Syndicate

Given recent history, policymakers would be unwise merely to hope for a best-case scenario in which a strong and quick economic recovery redeems the enormous run-up in debt, leverage, and asset valuations. Instead, they should now act now to moderate the finance sector's excessive risk-taking.

The End Of "The End of Inflation"

John Cochrane, The Grumpy Economist

This spring's spurt of inflation clearly already means one thing: The end of "the end of inflation."

15 More Undervalued Stocks with Momentum

Susan Dziubinski, Morningstar

These narrow-moat names are all up twice as much as the market this year, yet remain undervalued by our metrics.

Wall Street Isn't To Blame For The Chaos In Housing

Jerusalem Demsas, Vox

The boogeyman isn't who you want it to be.

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

What's Holding Down Long Rates?

Edward Harrison, Credit Writedowns

As I write this, the US 10-year Treasury bond is yielding 1.457%, well under the trading range it had established during this quarter. And there are a lot of theories as to why this is happening.

The Real Assets 'Myths' Investors Should Reconsider

Jessica Hamlin, II

In a new report, a Willis Towers Watson portfolio manager challenges common investor assumptions about real assets.

5 Value Stocks With Room to Run

Lauren Solberg, Morningstar

These wide-moat stocks are currently undervalued.

Seven High Frequency Indicators for the Economy

Bill McBride, Calculated Risk

These indicators are mostly for travel and entertainment. It will interesting to watch these sectors recover as the pandemic subsides. ...

Ford vs. Tesla

Ben Carlson, A Wealth Of Common Sense

Just as Netflix forced Disney into streaming, Tesla forced Ford (and others) into the EV space. Tesla may have awakened a giant in Ford.

The Great Resignation

Erica Pandey, Axios

Workers have had more than a year to reconsider work-life balance or career paths.

Herd Immunity Is Closer Than You Think

Bill Emmott, Project Syndicate

With new variants emerging rapidly and new outbreaks in places that had seemed to have the virus under control, COVID-19 remains a global problem. But the recent sharp increase in vaccine supplies indicates that the global solution we need is well within reach.
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