08/27/2021
Today

Calif. Legislators Pave the Way For New Housing

Conor Dougherty, New York Times

To ease an affordability crisis, the Legislature voted to open suburbs to development, allowing two-units on lots long reserved for single-family homes.

Biden Infrastructure Doubles Down on Bad Housing Policy

Howard Husock,Hill

This is not the time to give dysfunctional public housing authorities an infusion of cash without conditions.

Warming? More Americans Moving to High-Risk Areas

Vanessa Yurkevich, CNN

Seventeen years ago, when Adriana Nichols moved from New York City to Los Angeles, she had a simple wish list: natural light (her New York studio apartment was dark), a yard and quiet neighbors. She managed to check everything off that list -- and has spent nearly two decades living in the canyons of LA.

The PRO Act Is Anti-Business and Anti-Job

Sen. Mike Braun, Washington Examiner

Though the PRO Act lacks sufficient Democratic support to pass the Senate through regular order, employers and workers should be on guard for those pushing the PRO Act to enact its anti-worker, anti-small business reforms by any means necessary.

Biden's Antitrust Policies Are Based on a Falsehood

John McGinnis, Law & Liberty

John McGinnis examines President Biden's efforts to abandon consumer welfare as the touchstone of antitrust policy.

My Retirement Portfolio Doubled. Can I Save Less Now?

Paul Katzeff, Investor's

3 Ways To Figure Out How Much You Need To Save For Retirement

It's What Won't Be Said at Jackson That Will Speak Loudest

Jeffrey Snider, RCM

At the end of every August, key central bankers from the US and around the world gather in Jackson Hole. This year, like last year, they'll do so "virtually." Before each annual gathering we will be told to listen closely to what these people are saying, so consequential each and every word. And this year it will literally be a single word. Taper. Who cares?

Don't Overreact to Powell Says In Jackson Hole

Market Minder, Fisher Investments

Don't overreact to whatever the Fed chair says at this week's big central banker confab.

Get a Shot or Get Fired: More Companies Demand Vaxx

Yana Pashaeva, Slate

And Delta Air Lines offers a costly loophole.

A Case for U.S. Distributing 'Booster Shots' ASAP

David Woo, RealClearMarkets

Wall Street is obsessed with COVID these days and rightly so. The Purchasing Managers Index (PMI), based on surveys of supply-chain managers, is generally regarded by the financial market as the best overall leading indicator of economic cycles. The data for August released this week paint a picture of diverging momentum among some of the largest economies in the world, especially in the most important sector of these economies - the service sector: While the US service PMI fell again (to 55.2), its third consecutive month of decline, the Chinese service PMI jumped by more than four points...

Absolute Power Is No C-19 Safety Net

James Bovard, Am. Inst. for Economic Research

"As historian John M. Barry, author of The Great Influenza, observed, 'When you mix politics and science, you get politics.' There is no safety in submission to fools, regardless of their pompous titles." ~ James Bovard

South Africa Will Never Be Same. It Will Be Better.

Ivor Ichikowitz, RealClearMarkets

The dust has still only begun to settle after one of the most harrowing assaults on South Africa's stability, its economy and its very social fabric. But recently amid a brisk South African winter, only days before we annually commemorated the legacy of our Rainbow Nation's founder, ‘Nelson Mandela Day', did thousands of people descend upon our streets, making off with everything from essential foodstuffs to luxury items. In the provinces of Gauteng and Kwa-Zula Natal, entire shopping centers were burnt to the ground after looters ransacked them, costing the nation in total over $3...

You Take My Breadth Away: Mkt's Underlying Deterioration

Liz Ann Sonders, CS

Last week, the S&P 500 was trading at an all-time high, but the underlying deterioration in breadth and non-confirmations by other indexes bears watching.

The ECB Created A Dutch Housing Shortage

Michiel Hoogeveen, Brussels Report

In the Netherlands, almost every millennial knows someone who has no other choice than to live with his or her parents. The Dutch housing shortage has made a house unaffordable.

Farming Is Increasingly Irrelevant to the Economy

Frank Moraes, Commodity.com

Agriculture is more productive each year even as its share of the whole economy decreases. See the 15 states most dependent on agriculture.

Data Shows The Inflation Trend Is Peaking

James Picerno, The Capital Spectator

Even if inflation is peaking, pricing pressure could remain elevated for an extended period.

Anti-Competitive Tactics In The Drug Market

Michael Kades, ProMarket

Although not the sole cause of high prescription drug costs, abusive practices that distort competition contribute to the problem.

How Much House $350K Can Buy in Major U.S. Cities

Lindsay Grimm, ISN

The Inspection Support Network is the most trusted home inspection software solution. With an incomparable portfolio of easy-to-use tools, ISN enables inspectors to simplify, streamline, and grow their businesses.

Fed Being Tempted Into SIN

Brian Wesbury & Robert Stein, First Trust Advisors

Skin in the Game: Jerome Powell's Portfolio Incentives

Dylan Grice, The Market

All people are driven by incentives, including senior officials at the most powerful central banks. A look at Jerome Powell's portfolio shows what incentives might drive the chairman of the Federal Reserve.

Ultimate Stock-Pickers: Top 10 High-Conviction Buys

Eric Compton, Morningstar

Several funds see value in technology, energy, and communication services.

All-Electric Future Comes At A Huge Cost

Tsvetana Paraskova, OilPrice.com

The global push to "electrify everything" is facing a number of challenges, and it will come at a high cost to both consumers and governments alike

Biden Budget: A Game-Changing Climate Policy?

Rebecca Leber, Vox

A clean electricity standard in the infrastructure plan could be "the biggest change in our energy policy since the lights went on."

Verizon's Critical Race Capitalism

Christopher F. Rufo, City Journal

Verizon teaches employees that America is fundamentally racist and promotes "defunding the police."

How Should the Fed Deal With Climate Change?

Neil Irwin, New York Times

When the economy hits hard times, survey data shows, people are less likely to worry about the environment.

Democrats Divided Over Big Or Bigger Government

Peter Suderman, Reason

To spend a lot of money, or to spend a lot more money? That is the question.

The Death Of The Job?

Anna North, Vox

What if paid work were no longer the centerpiece of American life?

Pro-Growth Isn't Anti-Environment

Matthew C. Klein, The Overshoot

Rising human prosperity can be be ecologically sustainable. De-growth is anti-human.

6 Ways To Keep Your Investment Cool

Adam M. Grossman, HumbleDollar

It was the best of times, it was the worst of times...

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

Shattering the Debt Ceiling Myth

Fisher Investments Editorial Staff, Fisher Investments

Can-do Petroleum vs. Can't Do Renewables

Steve Overholt, Master Resource

When I heard Joe Biden say in a presidential debate that he wants to "transition away" from petroleum by 2050, I wished I were there to respond. Here's what I would have said: "We have to make things, Joe!"

Do You Really Need to Save That Much for Retirement?

Amy Arnott, MStar

We take a closer look at popular retirement savings estimates.

Price Rules Everything Around Me

Nick Maggiulli, Of Dollars And Data

Why prices are more important than fundamentals most of the time.

Rural America is Gearing Up For a Generation of Change

Austin Vernon, Eth

Rural America is about to undergo a huge change.

Labor Supply Is Behaving Strangely

Tyler Cowen, Marginal Revolution

What if they gave a job and nobody came?

Why You Should Be Optimistic Right Now

Kevin Kelly, Warp News

Kevin Kelly is the founder of Wired Magazine and author of several books, among them The Inevitable. For Warp News he presents his case for optimism.

Supply Chains Are A Mess. Why Is Trade Booming?

Claire Jones, FT Alphaville

At first glance, the economic headlines make for some mixed messages.
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