08/13/2021
Today Steven Greenhut, Spectator Is it possible to save California? Steven Greenhut believes it's possible. His criticism of the state comes from a place of love. |
Ezra Klein, New York Times It almost derailed the bipartisan infrastructure bill's passage. |
Lewis Uhler & Peter Ferrara, Issues & Insights Like the battered wife who inexplicably returns to her abuser, Senate Republicans are recklessly reappearing to provide Joe Biden and Congressional Democrats a crucial win on infrastructure … |
Market Minder, Fisher The Senate passed the long-awaited bipartisan infrastructure plan Tuesday, but don't overrate the impact—or consider it a done deal. |
Alex Kirshner, Slate From literally pantsless CEOs to the Reddit mob's muscle, we're still living in the meme-stock moment. |
William Courtney, Hill The stunning conviction in a Moscow court of respected U.S. investment banker Michael Calvey for alleged embezzlement underlines risks to investors in Russia. |
Ethan Yang, Am. Inst for Economic Research "In the face of authoritarian dictatorships such as the CCP and in the context of our complicated great power rivalry with China, taking in Hong Kong refugees is one of the few moves we can make to advance our interests peacefully." ~ Ethan Yang |
Brad Polumbo, Washington Examiner The Biden administration's decision to renew the so-called "eviction moratorium" has been met with no shortage of critique. Critics have pointed out its flagrant unconstitutionality and the devastating impact it will have on working-class landlords. But at least the Centers for Disease Control and… |
David Harsanyi, National Review The scheme is unfeasible, and the president's request for more OPEC oil is a reminder. |
Maurie Backman, Motley Fool There are two separate bills pending in Congress that aim to raise the current limits for catch-up contributions. |
Jeff Snider, RealClearMarkets Corporate CEO's have earned their places in most, certainly many cases. If there is one thing we should expect from them, it is to know the business of the businesses they run. Sure, there are politicians in this coveted group, skilled managers who demonstrate more skill at managing others who might more completely grasp the relevant details. Even then, however, so much useful information must generally flow toward and reach any organization's top. |
Tiffany Li, MSNBC.com Apple needs to be transparent about its future plans for the features it's rolling out. |
Carrie Schwab-Pomerantz, Charles Schwab Working longer is just about always a financial plus, but there's more to consider. |
Christopher Sheldon, KKR Credit The market will continue to keep investors in suspense. |
Brad McMillan, Commonwealth Financial Network What's the story with inflation? Commonwealth CIO Brad McMillan evaluates the numbers to determine where inflation is coming from—and where it's going. |
Richard Moody, Regions Bank |
Brian Wesbury & Robert Stein, First Trust Advisors |
Jim Masturzo & Michele Mazzoleni, RALLC Recent conversations in the investment industry are dominated by predictions about the path of the inflation rate and its implications for capital markets. Rather than predicting what will happen to inflation in the future—a particularly arduous and humbling task—we ask a simple question: What can past inflation dynamics tell us about the equity market's future returns? We find it can tell us a lot. |
Connor Harris, Manhattan Institute Many cities with high housing costs have adopted "inclusionary zoning" (IZ) ordinances that either incentivize or force developers of large housing projects to rent a portion of the units for below-market rates. |
George Magnus, Newstatesman In privileging political control over market freedom, the new superpower risks its own rise. |
Philip Pilkington, Newsweek The markets are almost certainly deep into the late stages of a bubble. At some point, something will spook them. |
John B. Taylor, Project Syndicate Despite the recent surge of inflation in the United States, the Federal Reserve is keeping the federal funds rate in a range far below what its own monetary-policy rules would prescribe. But since history shows that this deviation cannot last indefinitely, it would be better to normalize sooner rather than later. |
Paul R. La Monica, CNN Business Stocks are near record highs. Housing prices are soaring. Inflation is running wild. |
Justin Elliott, ProPublica Billionaire business owners deployed lobbyists to make sure Trump's 2017 tax bill was tailored to their benefit. Confidential IRS records show the windfall that followed. |
Christine Benz, Morningstar Counterintuitively, vehicles offering tax-free withdrawals aren't always the best for long-term-care savings. |
Lydia Spencer-Elliott, Vice Sarah Panitzke was a well-off expat living in Spain when she became embroiled in a criminal enterprise worth £1 billion. |
Dave Nadig, ETF Trends The "ghost boat" is familiar to anyone who's ever spent any significant time on the water. Go out for a quick paddle, and those first few steps back on the dock can be a bit wobbly. But spend five days standing in a boat, the waves rocking beneath you, and once you get back on land, you'll feel the disconnect between your internal perceptions of reality and terra firma for at least a few days. |
Neil Irwin, New York Times Fewer workers are making more stuff. If it lasts, that's big news for the economy of the 2020s. |
Dylan Matthews, Vox The lesson from the past year: Poverty is a policy choice. |
Peter Suderman, Reason The Senate just passed a $1.2 trillion bipartisan infrastructure bill—and teed up another $3.5 trillion bill in the process. |
Allison Schrager, City Journal Some conditions are right for a repeat of the persistent rising prices of the 1970s. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Veronique de Rugy, Reason As it turns out, state and local tax revenues hardly collapsed. |
Timothy Taylor, Conversable Economist High house prices in 2007 weren't that out of whack after all. |
Jamie Powell, FT Alphaville Turns out not even Palantir can escape Silicon Valley-speak. |
Tim O'Reilly, Naked Capitalism Why Elon Musk, despite having built significant operating companies, is still mainly in the bezzle business. |
Ironman, Political Calculations The triple dip global recession from the coronavirus pandemic continued deepening in July 2021. |
Barry Ritholtz, The Big Picture There is a lot companies could do to increase vaccine uptake. |
Morgan Housel, Collaborative Fund A big lesson from history is how chance encounters lead to both magic and mayhem in ways that would have been impossible to predict. |
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