10/21/2021
Today

CA's New Energy Infrastructure: A Transition To Nowhere

Mark Mills, City Journal

Why the switch to a primarily solar and wind-powered grid is a dead end.

Just How High Could the Dow Jones Avg. Go?

Zachary Karabell, New York Times

The markets going up even as wages stagnate is not a sign of a rigged system.

Bitcoin's Big Day Reminds Us That It Is Not Going Way

Adam Clark Estes, Vox

This cryptocurrency fad isn't going away.

A Potential Grenade at the Center of Crypto?

Ben McKenzie & Jacob Silverman, Slate

The stablecoin Tether appears to be neither stable nor especially tethered.

A Secretive Hedge Fund Is Gutting U.S. Newsrooms

McKay Coppins, The Atlantic

Inside Alden Global Capital

Book Review: Ronald Brownstein's 'Rock Me On the Water'

John Tamny, RCM

The view here is that Peter Biskind's 1998 book Easy Riders, Raging Bulls: How the Sex, Drugs, and Rock-n-Roll Generation Changed Hollywood, is easily the most influential history of the film industry of modern times, and realistically any time. Most any book about film and the people behind it is a page turner, but Biskind's account of late ‘60s, early 1970s Hollywood would belong on any list of "unputdownable" books about entertainment. Biskind's stories about Robert Evans, Jack Nicholson, Warren Beatty, Hal Ashby, Roman Polanski, Robert Towne, Bob Rafelson, and Bert Schneider (and so...

To Harm the Rich, Do You Want the IRS Spying On You?

Mario Lopez, The Hill

The justification for mass surveillance of the average American's bank accounts is littered with disingenuous obfuscation.

You Cannot Make Trade More Fair By Making It Less Free

James Bovard, AIER

"Government cannot make trade more fair by making it less free. It should not be a federal crime to charge low prices to American consumers. Unfortunately, fair trade demagoguery will continue as long as politicians are greedy, lobbyists are generous, and journalists are clueless." ~ James Bovard

Econ Policy Defined By Disdain for Unforeseen

Theodore Dalrymple, Law & Liberty

Theodore Dalrymple considers the limits of calculation and the need for judgment in economic policy.

Corona-Lockdown Rationing Is Already Here

Jeffrey Tucker, Brownstone Institute

The failure to admit the enormous and shocking policy failures of the last two years is costing us dearly. The refusal to reverse course and re-embrace fundamentals of freedom and human rights is setting the stage for outcomes even more grim than what we have heretofore experienced.

Cash-Rich Tech Companies Remaking Post-C19 Manhattan

David Jeans, Forbes

High-profile purchases, leasing deals and hiring have seen technology companies threaten to upend Wall Street's historic role as New York's dominant industry.

This Could Be Your Final Shot at a Roth IRA Conversion

Paul Katzeff, Investor's

Before Congress Kills It, Use The Megabucks 'Backdoor' Roth IRA

Is Weak US Industrial Output A Warning Sign?

James Picerno, Capital Spectator

Industrial production in US was surprisingly weak in September, falling a hefty 1.3% vs. the previous month - far below Econoday.com's consensus point forecast for a moderate 0.2% rise. That's worrisome, but monthly data is noisy and so it's premature to read too much into one monthly update.

An Update on Chinese Property Developers

Market Minder, Fisher Investments

China's property developers continue seeing stress in credit markets, but the impact still seems limited.

Making Money on Companies That Make No Money

Asset Allocation Team, GMO

Every bubble is unique, but they all share common threads. Making money on companies that make no money is never a good sign when it is done this pervasively and at these valuations.

Inflation In the Future, and It's Not Benign

Martin Pring, Pring Turner Financial

Disclaimer: Pring Turner is a Financial Advisor headquartered in Walnut Creek CA, and is registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940. The views represented herein are Pring Turner's own and all information is obtained from sources believed to be accurate and reliable. This information should not be considered […]

U.S. Cities With the Highest Six Figure Job Growth

Stessa Team, Stessa

Our researchers calculated the percentage change in employment in six-figure jobs from 2015 to 2020 using data from the U.S. Bureau of Labor Statistics.

Respect Millennials

Brian Wesbury & Robert Stein, First Trust Advisors

Fed Watcher: November Taper On Track

Justin Weidner, Deutsche Bank Group

The Great Resignation Is Accelerating

Derek Thompson, The Atlantic

A lasting effect of this pandemic will be a revolution in worker expectations.

The Great Retail Reset

Hazel Sheffield, Institutional Investor

On London's crumbling high streets, two massive real-estate investors are banking on opposing strategies.

The Economic Rebound Is Still Waiting for Workers

Ben Casselman, NY Times

Despite school reopenings and the end of some federal aid, many people are in no rush to land a job. Savings and health concerns are playing a role.

Autonomous Vehicles: Hype or Reality?

Randall Mayes, Quillette

Automobile accidents are the second leading cause of death worldwide, with roughly 1.3 million fatalities annually according to the World Health Organization.

New York's Dangerous Green Amendment

James B. Meigs, City Journal

Proposition 2 could usher in "vigilante regulation through litigation."

The Social Responsibility of Business Includes Profits

Alex Edmans, ProMarket

Profits these days are often seen as a dirty word, but it is wrong to demonize profits.

What the US Recovery Is Missing

Laura Tyson & Lenny Mendonca, Project Syndicate

Although the US economy has recovered faster than many others around the world, persistent labor-market problems lurk beneath the surface. The deep class-, race-, and gender-based inequalities laid bare by the pandemic are getting worse, demanding concerted action by policymakers.

For Uber and Lyft, the "Rideshare" Mania Bursts

Greg Bensinger, New York Times

Rideharing companies made a lot of promises. They're not being kept.

Story Behind My First 100X Recommendation

Matt McCall, American Consequences

If you're experiencing investors' remorse around missing the crypto market of 2014, fear not – you could still turn a grand into six figures.

NYC Faces Budget Woes With, Without Wall Street

Nicole Gelinas, New York Post

New York's banks and investment firms are doing great. New York's economy, not so much.

In Blocking a $3.5T Bill, Manchin Betrays West Virginia

Ryan Cooper, The Week

West Virginia's coal industry is doomed. Joe Manchin wants to take the whole state down with it.

Longer Port Hours Solves One Part of Multifaceted Problem

Willy Shih, The Hill

There aren't any short-term solutions to current supply chain woes, only tactical remedies for localized bottlenecks.

Fisher Investments on Election-Year Uncertainty: This, Too, Shall Pass

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

Make TeleMedicine Permanent

Alex Tabarrok, Marginal Revolution

One of the silver linings of the pandemic was the ability to see a doctor and be prescribed medicine online.

"A Matter Of National Concern"

Kevin Mahnken, The 74

Thirteen-year-olds saw unprecedented declines in both reading and math between 2012 and 2020, according to scores released this morning from the National Assessment of Educational Progress (NAEP). Consistent with several years of previous data, the results point to a clear and widening cleavage between America's highest- and lowest-performing students.

3 Investing Ideas for Contrarians

Susan Dziubinski, Morningstar

Those with the right constitution may find opportunity in these pockets of the market.

Gaining Perspective

Howard Rohleder, HumbleDollar

ON MONDAY, OCT. 19, 1987, stocks plunged more than 20%. I was relatively new to investing—and the crash shocked me. I realize now that, when you're starting out, no matter how much you study, the trait you're most lacking is perspective. When I began investing, I approached a successful investor and asked for tips to learn about the market. Part of his advice was to watch Wall Street Week with Louis Rukeyser on PBS.

Did Bitcoin Kill Gold's Monetary Utility?

Cullen Roche, Pragmatic Capitalism

Would Harry Browne's permanent portfolio work today?

The Great Normalization

Charlie Bilello, Compound Advisors

The road back to normal awaits. Let's get on it before it's too late.

Positive Economic Side Effects From the Pandemic

Ben Carlson, AWOCS

Don't focus on the negatives.
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