07/02/2021
Today Aaron Brown, RCM A standard Economics 101 anecdote concerns the Law of the Maximum adopted in revolutionary France in 1793. The problem was a shortage of bread in Paris. The law set a maximum price that could be charged for bread with capital punishment for violators. Bakers were guillotined. The result was fewer bakers and less bread. While that is a considerable oversimplification of history, the basic point is valid—politically popular solutions to problems often precisely contradict economic reasoning. In the US today, beginning in March 2020, moratoriums on evictions for nonpayment of rent have been... |
Rachel Siegel, Washington Post The looming eviction crisis has added urgency to ensuring emergency rental aid reaches the most vulnerable Americans. |
Stephen Moore, The Hill Now that Biden has pulled his bait-and-switch, Republicans should press the reset button on this non-deal. |
Reuven Brenner, Asia Times This is the second article in a three-part series. Part 1 is When the US risks being leapfrogged. An examination of the United States' historical experience with infrastructure and government… |
Jeffrey Tucker, RealClearMarkets We are nowhere near coming to terms with what happened over the last 16 months. The camps of thought are all over the place. Some people regard the whole thing to be a fiasco of irrational panic and unwarranted compulsion at all levels of society. John Tamny and I are in this camp, along with growing numbers of scientists and the general public. Our hope is that we see the error of our ways and the next pandemic will be handled like 1957, 1968, and 2009: disease treated as a matter of doctor/patient relationships, not as an opportunity for a societywide takeover of life by government and... |
Kay Hymowitz, City Journal The missing element is family stability |
Anneken Tappe, CNN Economists expect a super-strong jobs report on Friday. But don't be fooled: America's labor market problems — millions unemployed, worker shortages and worries about child care and health risks — will persist throughout the summer. |
Emma Goldberg, NYT Salary transparency is intended to help address inequities. But making the number public doesn't seem to move the needle. |
John Steele Gordon, New York Post In 1932 and 1964, Democrats won smashing election victories, giving the party not only a president with a strong mandate, but huge majorities in both houses of Congress. Franklin Roosevelt and Lynd… |
Trish Regan, American Consequences Dismantling Big Tech remains a far-off possibility – but if FAANG stock companies do split up, their losses could be your investment gains. |
Coryanne Hicks, U.S. News & World Report Judging by the equity markets, the COVID-19 pandemic is securely in the rearview mirror and has been since the vaccine announcement in November 2020. But all may not be as rosy as it seems. |
Jeffrey Snider, RealClearMarkets An oxymoron, to be sure, there have been numerous failures of "government intelligence" just in the 21st century. Iraq WMD may or may not have been intentionally misleading, there just wasn't any. The various Arab "springs" which punctured the seal holding back the intended migrations of huge swaths of the Earth's peoples. That whole subprime mortgage thing. None, I think, will have proven so consequential as the original consensus surrounding Xi Jinping and the next stage for Socialism with Chinese Characteristics. What passes for consensus, government intelligence back in the eighties had... |
Liz Ann Sonders, Schwab Inflationary bottleneck pressures tied to the economic reopening are fading; and as suggested by the bond market and wages, a return to hyperinflation is unlikely. |
Various, Self Cities in the U.S. with the largest minority wage gap |
Wayne Crews, Competitive Enterprise Institute |
Russell Redenbaugh & James Juliano, Kairos Capital Management |
Rob Arnott, Vitali Kalesnik & Lillian Wu, Research Affiliates Tesla entered the S&P 500 Index on December 21, 2020. Over the next six months, AIV, the stock deleted to make way for TSLA, outperformed TSLA by a stupendous margin—exactly as we expected, based on our research. Index rebalances impose a variety of costs on investors. Smarter index design could go far to mitigate these costs. |
Michael Iachini, Charles Schwab An index ETF-only portfolio can be a straightforward yet flexible investment solution. |
Susan Dziubinski, Morningstar These are the cheapest names in the Morningstar Wide Moat Focus Index--plus stocks the index has recently added and dropped. |
Brett Arends, MarketWatch When it came to retirement planning, the former New York Met did three things right. |
Shira Ovide, New York Times Microsoft made epic mistakes for years, but it's again one of the tech world's superstars. |
Peter Suderman, Reason Even the president's most entrenched political opposition cannot seem to find much to engage or enrage. |
Dana Peterson, CNN Lower-income families and retirees on fixed incomes will especially feel their buying power erode -- not just in the short-term, but for many years to come, further widening the nation's wealth gap. |
Brendan O'Connell, Enterprising Investor Quick, what is 1 July 2021 the 50th anniversary of? |
Jeffrey Frankel, Project Syndicate US media often report that a particular policy is generally considered bad or unpopular, when in reality it seeks to achieve a reasonable trade-off between competing forces or goals. There have been three recent examples of this practice that highlight the problem. |
Jordan Weissmann, Slate Forget the inflation scolds. Ignore the small-business Scrooges. There's a very different story in the data. |
Matt Egan, CNN Unemployment is shrinking. The stock market is booming. Americans are returning to the skies and even to movie theaters. And yet Republicans are deeply worried about the state of the economy. |
Yanis Varoufakis, Project Syndicate The claim that capitalism is being toppled by a new economic mode comes on the heels of many premature forecasts of capitalism's demise, especially from the left. But this time it may well be true, and the signs that it is have been visible for a while. |
Gilad Edelman, Wired A judge dealt the Federal Trade Commission a setback this week in its quest to break the company up—but also provided a roadmap for how to proceed. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Ironman, Political Calculations Going by the U.S. stock market's dividends, both June 2021 and the second quarter of 2021 registered robust growth. |
Mebane Faber, Meb Faber Research When's the last time you made 100X on an investment? Not 100% on your initial investment, 100 times your initial investment. That means you sink $10,000 into an investment and pull out a cool $1,000,000…for many investors this could be a life-changing outcome. |
Joshua M Brown, The Reformed Broker The finish line isn't the thing, it's the route we take to get there and the milestones we celebrate along the way. |
Jamie Powell, FT Alphaville Growth is not confined to a few names at the top. |
Ben Carlson, A Wealth Of Common Sense If you dig into the components of the consumer price index, you'll notice housing makes up a big part of the government's inflation calculation.The latest data from the BLS shows owners' equivalen |
Matt Welch, Reason Nice Racism—and the "anti-racism" consulting business—rakes in the bucks while losing hearts and minds. |
Andrew Liszewski, Gizmodo I'm not willing to jump through all the hoops needed to make my home barely smarter. |
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