03/17/2021
Today

Everyone Has a Sad Story. It's Really Not So Sad

Kevin Williamson, National Review

I suppose it is natural to believe that you had it especially hard and that everybody else had an easier time of it than you did.

The Corona Financial Crisis the World Forgot

Jeanna Smialek, The New York Times

The Federal Reserve crossed red lines to rescue markets in March 2020. Is there enough momentum to fix the weaknesses the episode exposed?

C-19 Relief Bill Filled w/Odious, Destructive Ideas

Richard Rahn, Washington Times

The new Congress seems intent on passing laws that will result in massive civil disobedience.

Biden's Experiment In Universal Basic Income

Sheelah Kolhatkar, The New Yorker

On Tuesday, March 9th, Amy Castro Baker stood on her front porch and watched as her two teen-age children boarded a bus and went off to school together for the first time in a year. Her sense of relief was profound.

The Non-C19 Death Epidemic of the Future

Parvez Dara, Am Ins. for Econ Research

Consider the possibility that science is a process of questions and answers. Not all answers are correct and not all questions are valid. Yet all need to be considered and evaluated separately and carefully. Within that context we broach the subject of this COVID debacle that stands in our way to a free and productive life. The draconian measures undertaken have had profound and lasting impressions on the American psyche that will not be washed away any time soon. But we wish to explore the unscientific labors of a few minds that compelled the nation and indeed the world to point to a far...

In Defense of the Extraordinarily Misunderstood Short Seller

Hugo Dante, Hill

Restrictions on short selling consistently lead to intensified market volatility, reduced liquidity and increased trading costs, hampering investors.

Sustainable Investing Only a PR Strategy for Wall Street

Tariq Fancy, USA Today

The financial services industry is duping the American public with its pro-environment, sustainable investing practices. This multitrillion dollar arena of socially conscious investing is being presented as something it's not. In essence, Wall Street is greenwashing the economic system and, in the process, creating a deadly distraction. I should know; I was at the heart of it.

Giving Index-Fund Owners Voice In Shareholder Voting

Bernard Sharfman, RCM

The institutional investor now dominates shareholder voting. A major reason for this domination has been the changing preferences of the retail investor. The new retail investor prefers to invest in mutual funds and exchange-traded funds ("ETFs") that track a market index, such as the S&P 500, instead of spending the time and resources necessary to manage a portfolio of individual stocks held in a brokerage account. When this happens, the voting authority of retail investors is transferred to the investment advisers of these funds.

"E" In P/E Shows Why Stocks Aren't Overvalued

Market Minder, Fisher Investments

The E, not the P, is the driving force behind P/Es these daysâ?"and shows why stocks aren't overvalued.

Why $40 Billion In Stimulus Won't Go "Into" Stocks

Brett Arends, MarketWatch

It?s a simple logical error

Let Market Signals Guide Government Spending

Gary Marshall, RealClearMarkets

There is only one organization on this planet that can ignore the dictum to invest wisely and not face financial ruin. As I have said, government, having no funds or resources of its own, must commandeer them from others. Unfortunately, there is not presently, nor has there ever been a measure with which to confirm that money so industriously earned and carefully accumulated by the citizen and corporation, and so mechanically seized by authorities is ever directed to pursuits that bear calculated, salutary and profitable returns for a community and its resident citizens.

The Jerome Powell Helicopter Money Timeline

Michael Cosgrove, Issues & Insights

With President Biden's huge spending plans, the Fed will come under intense political pressure to keep the current ultra-easy monetary policy, even if inflation rises.

Timing the End of the Tech and Bitcoin Manias

Martin Pring, Pring.com

A bubble develops when the price of an asset, such as a stock or commodity, has been advancing for many years. The process culminates with an almost exponential rise that push prices to levels that cannot be sustained by the underlying fundamentals, eventually resulting in exhaustion and the bubble bursting.

One Way to Look at Inflation

Brian Wesbury & Robert Stein, First Trust Advisors

February Retail Stumble Won't Derail Robust Q1

Richard Moody, Regions Bank

A Budget Plan for the Next New York City Mayor

Steven Malanga, Manhattan Institute

New York City Mayor Bill de Blasio took office amid an economic expansion and immediately increased spendingâ?"granting raises to tens of thousands of workers, adding new programs, and increasing the size of the city workforce by tens of thousands of new positions. He will leave office amid a...

Data This Week Could Be More Noise Than Signal

Richard Moody, Regions Bank

The Final Four Factors For the Stock Market In 2021

Ryan Detrick, LPL Financial

In Weekly Market Commentary, LPL Research share their "Final Four Factors" for the stock market in 2021. Read more.

Is Great Inflation Lifting Inflation Expectations?

Matthew Luzzetti, Deutsche Bank Group

Time for Truth About Lockdowns

Edward Stringham, Am. Institute for Economic Research

One year ago, between March 13 and 16, 2020, began what most of us would agree were the most difficult days of our lives. We thought our rights and liberties were more or less secure or could only be hobbled on the margin. We took certain things for granted, such as that our governments would not - and could not - order us to stay home, close most businesses and schools, shut down travel, padlock churches and concert halls, cancel events, much less lock down society in the name of virus control.

Rumors of Treasury Demand's Demise Exaggerated

Market Minder, Fisher Investments

This week's successful bond auctions suggest rumors of Treasury demand's demise are greatly exaggerated.

Biden Relief Plan Isn't Wasteful, It's New Start for America

Jennifer Horn, USA Today

Finally, in Joe Biden, we have a president who cares. "I know it's been hard. I truly know," he said, reflecting on a year of loss of both life and living. "I will not relent until we beat this virus, but I need you, the American people. I need you. I need every American to do their part, and that's not hyperbole."

What Fate Awaits President Biden's 1-Year Child Tax Credit?

Ira Stoll, New York Sun

No sooner had the ink dried on the American Rescue Plan Act signed into law by President Biden than calls began to make permanent the expanded child tax credit that the law provides as a one-year emergency measure for 2021.

Who Is Making Sure the A.I. Machines Aren't Racist?

Cade Metz, The New York Times

When Google forced out two well-known artificial intelligence experts, a long-simmering research controversy burst into the open.

On Pursuit of Tyranny and Zero-Risk Societies

Veronique de Rugy, Creators Syndicate

A lot has been said about the harm to people resulting from government lockdowns imposed in the name of fighting COVID-19. However, lockdowns aren't the only misguided policies that we've had and continue to endure because of this pandemic. In fact, we will suffer many tragic effects from the pandemic-induced changes long after lockdowns are lifted and the coronavirus is endemic.

Volkswagen Could Soon Steal Tesla's Electric Vehicle Crown

Charles Riley, CNN

Tesla knows all about how to disrupt an industry. It may soon find out what it's like to be on the receiving end.

Pete Buttigieg's Stimulus: Bring Back 19th Cent.

Michael Barone, Washington Examiner

With trillions of dollars of government money on offer, after the passage of the Biden administration's so-called COVID-19 relief bill, there's an informal and unarticulated competition for the worst and least productive uses of funds.

The Coronavirus Killed Gospel of Small Government

Zachary Carter, New York Times

The crisis showed, once and for all, that things fall apart when the government steps aside.

The CDC Fights Common Sense

Paul Alexander, American Institute for Economic Research

The death of Common Sense begins with the words initiated by the morass of Bureaucracy couched in safety and security. Indeed, and according to past President Ronald Reagan, the most frightening words to hear in the English language are para ‘We're here from the government and we're here to help you!' The underpinnings of such beginnings appear benign and with benign neglect the malignancy storms through, metastasizing arboreally through the veins of the entire system. The world is seeing such a death these days.

Why Congress Should Protect Integrity of Regulatory Analysis

Randall Lutter, NRO

Congress should act to protect the impartiality of federal agencies' economic analyses of regulations.

Infrastructure Spending Will Rebuild Middle Class

Bobby Jindal, Washington Examiner

The last year has been undeniably challenging for communities across the United States, leaving families and businesses reeling from an unprecedented one-two punch of health and economic hardships. Add to that the recent widespread power and drinking water failures that affected millions of people in the midst of extreme winter weather, and it is clear why a transformative investment in infrastructure should be a top priority for members of Congress, both Republicans and Democrats, in the months ahead.

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

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

Everyone Thankfully Perceives Value Differently

Casey Carlisle, UncleNap.com

If inquiring about an item's worth, one might be met with an incredulous, "It says right there on the price tag." Seems simple enough, but is it always accurate? The price is no mystery, but what if no one buys it? If it's languishing on the shelf, collecting dust, then either no one perceives the product to be worth the price, or everyone would rather buy something else. In either scenario, it is a problem for only the seller; no one else is even aware that the "problem" exists. "But I had that item appraised!" the seller might lament, but again, it doesn't matter. The appraisal itself...

The Problem With An "Optimized" Portfolio

Amy Arnott, Morningstar

Backward-looking data can lead to distorted results.

The Covid Winter Is Over

Scott Grannis, Calafia Beach Pundit

Here are just a few important and very encouraging charts, part of a larger picture in which the US economy is definitely emerging from its COVID hibernation.

The Great Secular Trend Reversals

Charlie Bilello, Compound Advisors

6 secular investment trends are reversing.

How Remote Work Changed These People's Lives

Kathryn Vasel, CNN

It's been a year since companies across the globe sent employees home to work as the pandemic spread. While many businesses were forced to shut down permanently, remote work enabled others to survive, and even thrive in some cases. As a result, many employers have decided to offer more flexibility when it comes to where and when their employees work.

The Enduring Appeal Of Marx

Dan Hitchens, UnHerd

Today's workers are falling for Marx.

Being A Passive Investor Has Never Been So Risky

Bryce Coward, KLC

The risks of passive investing may now exceed the low cost advantage.
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