06/14/2021
Today Rob Smith, RCM On my son's first day of school, the teacher asked the class what their fathers did for a living. My son answered, "My Dad is a dancing chicken." I was an awesome dancing chicken. I was a serial entrepreneur and owned 14 "chicken and biscuit" fast food stores. I was spending tens of thousands in monthly advertising and was not happy with the results. Why not don a feathery 7 foot chicken suit and dance the fool in front of traffic? I even laid down in front of traffic once, forcing cars to go through our driveway or run over me. A self- employed businessman wears many hats. He's a leader, a... |
Paul La Monica, CNN There is a gigantic disconnect between Main Street and Wall Street when it comes to inflation. Something's got to give. |
Market Minder, Fisher Markets (including Treasury yields) appear to agree. |
David Eifrig, American Consequences The CPI doesn't lie: prices continue to climb, investors. Here are some expert tips to inflation-proof your portfolio. |
John Tamny, Forbes There's no such thing as a "punch bowl," or even a central-banking version of one. Serious people should stop pretending that there is. |
Andrew Wilford, RCM Earlier this week, ProPublica released a report based on the private tax data of wealthy Americans it had acquired. Just how it managed to acquire this information is still somewhat of an open question, but it is nevertheless a reminder of the dangers of entrusting the IRS with more and more of taxpayers' sensitive information. Ever since Internal Revenue Service (IRS) Commissioner Chuck Rettig claimed the "tax gap," or the difference between taxes owed and taxes collected, could be as large as $1 trillion per year, politicians have been scrambling to outbid each other on how much money to... |
Michael Hiltzik, Los Angeles Times How did the FDA got browbeaten into approving an Alzheimer's drug that may not work? |
Jeffrey Tucker, RCM We've all been there - or most of us have - during these last 16 months. We've wondered, "Am I the crazy one or has the world gone crazy?" We were subjected to astounding mandates among which were restrictions on movement, commerce, travel, even worship. Government officials shut down vast amounts of society and told us that it was necessary and really a normal thing to do because of the public-health emergency. "I've been the object myself of a phenomenal amount of hostility," Anthony Fauci told Chelsea Clinton on her podcast, "merely because I'm promoting what are really fundamental,... |
Charles Gasparino, New York Post SEC boss Gary Gensler has his eye on regulating the "gamification" of meme-stocks like AMC and Gamestop, but there is an easier, simple way to stop wild speculations, Charles Gasparino … |
Steven Solomon, New York Times These complex takeover vehicles serve an important purpose that's worth protecting. |
James Cooper & Joshua Wright, RealClearMarkets The Supreme Court handed the FTC a stinging defeat last month in AMG Capital v. FTC. Justice Breyer, writing for a unanimous court, declared that the FTC lacked the power to obtain monetary remedies in federal court under Section 13(b) of the FTC Act—a power it had been using for the past 40 years. All eyes are now on Congress to "fix" Section 13(b). We agree that Congress should act. But it should do so in a way that eliminates the FTC's ability to abuse 13(b) going forward, which is what landed the FTC in this position in the first place. |
Charlene Rhinehart, Motley Fool This is one relationship that you can count on through thick and thin. |
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. |
Richard Moody, Regions Bank |
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. |
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. |
Brian Wesbury & Robert Stein, First Trust Advisors |
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. |
John Cochrane, The Grumpy Economist This spring's spurt of inflation clearly already means one thing: The end of "the end of inflation." |
Susan Dziubinski, Morningstar These narrow-moat names are all up twice as much as the market this year, yet remain undervalued by our metrics. |
Jerusalem Demsas, Vox The boogeyman isn't who you want it to be. |
Joshua M Brown, The Reformed Broker Let me tell you a fairy tale... |
Bryce Covert, The Nation Republicans seem determined to make workers so financially desperate that they'll labor for whatever pay employers deign to offer. |
Fisher Investments Editorial Staff, Fisher Investments |
James Picerno, Capital Spectator The inflation-is-transitory narrative took a beating in yesterday's hotter-than-expected report for US consumer prices in May. Even after accounting for so-called base effects (temporary pandemic-related factors driving inflation higher), pricing pressure has accelerated. |
Rebecca Heilweil, Vox People are drawing connections between Gates's vast farmlands and climate change advocacy. |
Scott Shackford, Reason A grant revoked under President Donald Trump will be returned. |
macromon, Global Macro Monitor Inflation too high, money too loose. |
John Cochrane, The Grumpy Economist Everyone seems tired of covid. And sure, inflation, debts, "infrastructure," competing voting narratives and so on are more fun. But covid is still with us. |
Cullen Roche, Pragmatic Capitalism Here are some things I think I am thinking about: |
Charlie Bilello, Compound Advisors Here's a list of the top 30 stocks in the S&P 500 over the past 30 years… What stands out? |
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