07/30/2021
Today Jeffrey Tucker, RCM I'm still trying to wrap my brain around the astonishing shift from the CDC on Tuesday, July 27, 2021. It is not just that the CDC is re-recommending masks for people indoors in many parts of the country, which could include your neighborhood or not, and this could change tomorrow. (Hint: right now, it disportionately affects red states.) Whether and to what extent you "protect" yourself from disease with a paper strapped to your mouth and nose is now wholly contingent on data reporting and interpretation. It might feel like science but it has a better name: arbitrary power. Out with the... |
Jennifer Nuzzo & Beth Blauer, NYT It must be made explicitly clear to the public how measures like mask mandates will cut transmission and can be used to incentivize vaccinations. |
Alexis Benveniste, CNN All eyes are on Wall Street as the Covid-19 Delta variant continues to spread and Corporate America starts rolling out vaccination policies. |
Rob Smith, RealClearMarkets Few things are more out of whack in this country than our education system. I like to use the word "learned" as opposed to "educated" when weighing whether or not someone is a dumb ass. This country is flooded with educated people, but learned people are harder to find. Why is that? Sit back Dear Reader, grab a beer, some Doritos and listen up. the hands of consumers where it belongs. |
Market Minder, Fisher Investments ESG ratings' conflicts highlight the importance of doing your own due diligence. |
Emily Stewart, Vox Robinhood is setting out to capitalize on the day-trading boom it helped create. |
Alexander Salter, American Institute for Economic Research "Inflation has real costs when it's unpredictable. We want monetary institutions to keep generalized price increases on a steady, anticipable path. Since central banks often go out of their way not to be understood, we might have a valid complaint against them after all." ~ Alexander W. Salter |
Judy Shelton, New York Sun Following begins a new series of columns marking the 50th anniversary of the collapse of the Bretton Woods gold exchange standard established in the closing months of World War II. A related editorial appears nearby. * * * The 50th anniversary of the |
Jeffrey Snider, RealClearMarkets If there is an inverse to fedspeak, Alan Greenspan's infamous tendency to shroud monetary policy in the cloak of intentional obfuscation, it would have to be what's now on display all around 2021 regarding the current state of the major global factors. Inflation or deflation? Recovery or back to less? Maybe not even that good. What the "maestro" sought was to maintain the aura of a functioning, omnipresent central bank by never saying anything and thereby allowing the already-awed public (and financial press, most of all) to fill in every gap positively. |
James Pethokoukis, The Week Inflation has consequences |
Irwin Stelzer, The Hill Biden's proposed "polluter import fee" should be agreeable to the GOP's conservative constituents on several grounds. |
Yehuda Shaffer, RCM A new president will be inaugurated in Iran next week, and it is likely that this transition will lead to the U.S. and Iran finalizing a revamped nuclear deal. This comes on the heels of the U.S. Department of State informing Congress that the Biden administration will waive limitations on Iran's illicit oil trade, allowing Tehran to access frozen funds in South Korea and Japan. With the Iranian nuclear sanctions likely soon to be lifted, life is getting more complicated for bankers worldwide. They will shortly be faced with a dilemma: can they really do business with Iran? The answer to this... |
Rob Williams, Charles Schwab A guide to approaching distribution. |
Richard Moody, Regions Bank |
Carrie Schwab-Pomerantz, Charles Schwab Despite the proliferation of Buy Now, Pay Later options, the time-tested rules of sound money management still hold. |
Brian Wesbury & Robert Stein, First Trust Advisors |
Mike Brown, Breeze New research from Breeze found many employees would sacrifice some of the best benefits, or even take pay cuts, to remain remote. |
Ryan Detrick & Jeffrey Buchbinder, Realclear |
Russell Redenbaugh & James Juliano, Kairos Capital Management |
Irina Slav, OilPrice.com America's oil and gas industry employs over 11 million people and is worth more than $1.6 trillion, making the energy transition more difficult than it may seem |
Willem H. Buiter, Project Syndicate Given the unprecedented nature of the COVID-19 pandemic and its effects on labor markets, there is a spirited debate over whether the US economy is close to returning to its full potential. If it is, the US Federal Reserve is at risk of falling behind the curve. |
Neil Irwin, New York Times The new G.D.P. numbers paint a vivid picture of a nation still struggling to complete an economic readjustment. |
German Lopez, Vox The bill would genuinely impact many people's lives. |
Christian Britschgi, Reason A new lawsuit from landlords argues that the CDC's eviction moratorium was a taking, and that they're entitled to compensation. |
Cezary Podkul, ProPublica Bots filing bogus applications in bulk, teams of fraudsters in foreign countries making phony claims, online forums peddling how-to advice on identity theft: Inside the infrastructure of perhaps the largest fraud wave in history. |
Ben Carlson, A Wealth Of Common Sense Bull markets are way more fun than bear markets but they can also warp your brain.Here are 9 questions I'm pondering at the moment in one of the great bull markets of my lifetime. |
Dan Davies, The Guardian Bold ideas and big investment could create a new economic miracle for the 21st century, says investment banking analyst Dan Davies |
Stephen S. Roach, Project Syndicate The Chinese government has taken dead aim at its dynamic technology sector, the engine of consumption-led economic rebalancing. The authorities' recent actions are symptomatic of a deeper problem: the state's battle to control the energy of animal spirits could sap the confidence of households and businesses. |
Michelle Celarier, II The short-seller argues that China's recent crackdown on public companies is a way for the country to get in front of an American law requiring auditors of Chinese companies to open up to U.S. regulators. |
Clare Duffy, CNN On any given day, you might receive a package you ordered from Amazon, log onto a website hosted by Amazon, ask an Amazon device about the weather and grab groceries at a Whole Foods owned by Amazon. Amazon is more than just the "everything store." It's become something of an "everything company" that touches nearly every corner of our lives and the economy. |
Susan Dziubinski, Morningstar These wide- and narrow-moat small companies are undervalued according to our metrics. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Howard Lindzon, Howard Lindzon My partner Tom and I invested $100,000 out of our first $6 million Social Leverage fund in the seed round of Robinhood back in 2013. |
Michael Batnick, The Irrelevant Investor The biggest stocks are on fire |
Charlie Bilello, Compound Advisors As children we're taught that the shortest distance between two points is a straight line. Many expect investing to be the same, with high and consistent returns bringing you from point A (starting out) to point B (wealth). But markets don't operate in the same realm as the physical world. |
Sam Dumitriu, CapX Many of the things we think we know about waste and emissions are myths |
Geoffrey James, Inc. Billionaires should be paying their fair share of US taxes |
Nick Maggiulli, Of Dollars And Data On the lowest effort way to prepare for a decent retirement. |
Jamie Powell, FT Alphaville America's largest businesses continue to defy a long studied relationship between firm size and revenue growth. |
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