06/02/2021
Today

Elizabeth Holmes Wasn't the First To Sell a Grand Idea

James Surowiecki, MSNBC

America loves to hate Elizabeth Holmes. But are her lies that different from iconic entrepreneurs who actually made it?

What Would Biden's Dad Say About Son's War On Work?

Ira Stoll, New York Sun

President Biden often talks about how his father used to tell him "Joey, a job is about a lot more than a paycheck. It's about your dignity." It's ironic, because on Mr. Biden's watch, a war on work is gathering momentum. "Working Less Is a Matter of

Big Unemployment Checks Free People to Reject Bad Jobs

Daniel Alpert, NYT

But it's helping people finally be picky about turning down lousy jobs.

The Markets Don't Mirror Pundit Inflation Fears

Joe Calhoun, Alhambra Investments

The US economy is still stuck in the stall its been in since early spring. Sometime in mid-March everything just seems to have gone into suspended animation. Interest rates and the copper/gold ratio stopped rising. Real interest rates (TIPS) stopped rising. The US dollar started falling. But nothing has fallen so far as to warrant

GME & AMC Moonshots May Be Stickier Than Thought

Michael Cannivet, Forbes

If it were a horror movie, they might call it: "Return of the Killer Meme Stocks." Similar to earlier this year, big returns in meme stocks have brought scary P&L pain to the hedge fund community. Didn't they learn their lesson in January?

Stocks Could Tumble Even As the Economy Grows

Mark Hulbert, MarketWatch

Profit margins play an underappreciated role in propping up the stock market.

Capitalism Won't Thrive on Value Inv. Alone

Amar Bhide, Harvard Business Review

The economy needs careful decision-makers as well as risk-takers.

Thank Goodness for Abundant Economic Ignorance!

Donald Boudreaux, AIER

"The world would in fact be a much better place if economic fallacies were less prevalent and less widespread. Not the least of these fallacies is the one that holds that economies fail to the extent that they don't protect existing jobs." ~ Donald J. Boudreaux

Robert Reich Really, Really Wants to Tax the Rich

Walter Block, RealClearMarkets

Robert Reich really wants to tax the rich. No more namby pamby taxation for the plutocrats insofar as far as he is concerned. Before we dig into his seven suggestions for ripping off the most productive of us, consider these facts: The wealthiest 1 percent of the population in 2020 paid 38.5 percent of all taxes. This is more than the total for the lowest 90 percent of the population, which was 29.9 percent. As for income tax rates, the exploiters weighed in at 26.8 percent; this compares to 4 percent for the 50 percent of the people at the bottom of the income distribution. The former is...

Corporations Re-open Their Offices for Fewer Workers

Paul Davidson, USA Today

Most companies plan to reopen offices by October, but many employees will be able to continue working from home over the long term.

Nat'l Green Bank Would Be Best Way to Finance Clean Energy

Ella Nilsen, Vox

A national green bank could be a game changer.

There's a Revolutionary Spirit Enlivened In the US

Jeffrey Tucker, RealClearMarkets

Since the great, or actually miserable, lockdowns of March 2020, I've had a sense of foreboding. I recall thinking that there was no way something this contrary to all American values could happen - imposed by a tiny elite, a centralized pandemic plan we were forced to accept without evidence - without some gigantic blowback. In April of that year, I filed a report of what I expected the blowback to look like. I predicted a revolt against Zoom life, a resentment against the media and the political establishment, an increased loathing of intellectuals, a new frugality, and a huge pushback...

1970s Inflation Revisionism

Brian Wesbury & Robert Stein, First Trust Advisors

ISM Manufacturing: Producers Seeing More Demand

Richard Moody, Regions

Financial FAQs: Working After Retirement

Rob Williams, Charles Schwab

If you've retired but are considering returning to work, be aware that your decision may affect your tax situation, Social Security and Medicare benefits.

Signs That Inflation's Surge Is Transitory

Jeffrey Kleintop, Charles Schwab

While it's very early to say the rise in inflation has passed, there are signs that the fastest part of the rebound in inflation might soon be over.

Crypto: A New Asset Class?

Various, Goldman Sachs

Happy Birthday to the Dow!

Brad McMillan, Commonwealth Financial Network

Happy birthday to the Dow! Commonwealth CIO Brad McMillan celebrates the index and what it has meant for the stock market and investors.

Best Way to Save if I'm Retiring from Military?

Carrie Schwab-Pomerantz, Schwab

Retirement planning is important for everyone, but retiring military have unique planning challenges. Here's why.

A Bill That Would Protect Us From Aggressive IRS Oversight

Luke Wachob, Hill

Should the IRS spend public resources to collect sensitive personal information it doesn't want or need?

Laying Out My Vision for Inclusive Entrepreneurship

VP Kamala Harris, Forbes

The pandemic has prompted a surge in entrepreneurship. The United States' first female, Black and Asian-American vice president shares her ideas on how to leverage this moment to ensure that everyone has the opportunity to pursue the American Dream.

Fix Housing With Increased Housing Options

David Howard, Washington Examiner

Throughout the COVID-19 pandemic, Americans have looked to housing as a way to shelter from uncertainty while adjusting to new realities of working and schooling from home. As demand for housing has surged over the past year, it's become clear that too many people have been priced out of housing…

Builders Can't Keep Up w/City Departures

Conor Dougherty & Ben Casselman, NYT

For years, people most wanted to live in places where it was the hardest to build. Now, with a rise in remote work, exurban areas look more appealing.

India's Economy Was Starting to Recover Until '2nd Wave'

Diksha Madhok, CNN

India's economy was turning a corner earlier this year as the country started to accelerate out of the recession it suffered in 2020. But a disastrous surge in Covid-19 cases threatens that progress.

Inflation Is a Dangerous Way to Get Rid of Debt Burdens

Richard Ebeling, AIER

"The United States is in dangerous waters if it becomes 'general wisdom' and 'popular opinion' among public policy analysts and politicians that governments can spend all they want, in any amount, by just running huge annual budget deficits and expanding the national debt because it can all be...

Washington Paved Us Perilous Economic Path

Ron Paul, American Consequences

One truth emerges from the past year: the U.S. government has leveraged the COVID-19 crisis to gain even more power and control of our lives.

Is It Time for a Total Rethink of the Value of College Education?

Sean Illing, Vox

Higher education may not be doomed, but it's in trouble.

From California Capitalism to Bidenomics

Laura Tyson & Lenny Mendonca, PS

The Biden administration's ambitious spending and investment programs are precisely what the US economy needs to thrive in the twenty-first century. Best of all, the economic strategy now being pursued at the national level has already proven highly successful in the country's wealthiest, most dynamic state.

Vanguard Steps Further Into Private Equity

John Rekenthaler, Morningstar

From institutions to individual investors.

The US Semiconductor Ind. Doesn't Need Federal Help

Eric Boehm, Reason

Industrial policy is the wrong answer to a problem that mostly doesn't exist.

Ken Fisher on Nixing the VIX

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

ExxonMobil's Appeasement Strategy Backfires

Robert Bradley, Master Resource

ExxonMobil switched strategies from principle to appeasement early in the first term of President Obama. I have watched, step-by-step, a great corporation become mediocre for the first time in its storied history.

If You're Still Worried, You Aren't Wealthy

Ben Carlson, A Wealth Of Common Sense

Wealth means different things to different people.

A Flood Of Liquidity

Ed Yardeni, Dr. Ed's Blog

While the debate rages on over whether inflation is transitory or long lasting, there's no debating that an enormous amount of liquid asset...

AMC: Saved By The Redditt Crowd?

Jamie Powell, Financial Times

Misaligned Incentives: The US Pandemic Response

Michael Lewis, CFA Institute

Why did the United States fail in its pandemic response?

Has There Ever Been a Worse Time to Be a Homebuyer?

Ben Carlson, AWOCS

Things are so much different than just a few years ago.

Why Restaurants Really Can't Find Enough Staff

Jessica Sidman, Washingtonian

And how wages and salaries are actually changing
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