11/30/2020
Today Eric Grover, RCM H.L. Mencken quipped “Democracy is the theory the common people know what they want, and deserve to get it good and hard.” With the Biden administration, Americans are going get more government in financial services and payments, good and hard. While Democrats’ narrow House majority and Republicans’ likely razor-thin Senate majority may stymie advancing transformative legislation for public banking and credit bureau, or putting the Community Reinvestment Act (CRA) on steroids, progressives will use the administrative state to advance their agenda. Diversity and... |
Lorin Reisner, Hill The SEC has the authority and the capacity to serve as a force for progress. |
Nicole Gelinas, New York Post America's maddening payment system still has customers jabbing grubby little fingers over and over onto grubby screens. |
Market Minder, Fisher Investments A few things to be thankful for over the holidaysâ?"even this year. |
John Tamny, Forbes Not only is 'the Fed did it' an insult to American ingenuity on par with Barack Obama's 'you didn?t build that,' such a stance ignores the basic truth that if U.S. stock markets were rigged by the Fed, they would be too depressed to be worth rigging. |
Michael Fumento, American Institute for Economic Research "I cry and weep for South Dakota… as both a former childhood resident and as an epidemiologist.” So tweeted a member of the left-wing Federation of American Scientists (FAS) referring to the impact of Covid-19. Meanwhile a HuffPost headline, coincidentally using FAS as its source, declared “North Dakota Hits Highest COVID-19 Mortality Rate in The World.” So should we cry for it, too? Or maybe cry for Argentina, despite the plea of Andrew LloydWebber’s Evita Peron? |
Jonathan Chait, New York Joe Biden has promised aggressive action to curtail greenhouse-gas emissions. Republicans say they may do something, but not if it means reducing fossil-fuel useâ?"which rules out any policy to control climate change. |
Adam Brandon, Daily Caller Joe Biden's agenda, like his incoming White House staff, borrows heavily from the Obama years, but with a far-left progressive spin where it matters most. |
Elizabeth Harris, New York Times Three savers learned some important lessons early on. |
Ryan Downie, Motley Fool Determining the best age for retirement is a multifaceted process, but financial needs should be a central consideration. Retirees require sufficient cash flow to cover basic needs along with desired lifestyle, but they also have to manage the biggest risks, including longevity risk, inflation risk, and healthcare. If all the elements of a financial plan aren't in place to provide enough cash flow without incurring too much risk, investors might have to consider a different retirement age. |
Virginia Postrel, USA Today To mark the 400th anniversary of the Pilgrims’ voyage, the Mayflower II at Plimoth Plantation in Massachusetts has undergone a three-year refurbishment. It’s the first major overhaul since the replica was built in the 1950s. Along with new framing and decks, the ship has a new set of sails, created by a specialty sailmaker called Traditional Rigging. |
Walter Block, RealClearMarkets This essay is dedicated to Davonte Bryant, a nine year old black boy who was recently murdered in the streets of New Orleans, while he was playing in front of his home. May God grant that he is now in a Better Place. How can we maximize the chances that in future this sort of thing will be radically reduced? That the next child, white or black it matters not one whit, will not be gunned down in the street? We can do so by eliminating systemic racism. |
Cooper Howard, Charles Schwab We expect the municipal bond market to return to a sense of normalcy in 2021. |
Jeff Troutner, Equius Partners |
Various, Structured Finance Association |
Carrie Schwab-Pomerantz, Charles Schwab Is your holiday budget tighter this year? That doesn't mean your gifts can't be just as meaningfulâ?"maybe even more so, says Carrie-Schwab Pomerantz. |
Brian Wesbury & Robert Stein, First Trust Advisors |
Richard Moody, Regions Bank |
Rob Williams, Charles Schwab Five resolutions to reshape your finances in the year ahead. |
Matt Egan, CNN Janet Yellen checks all the boxes in President-elect Joe Biden's quest to find a Treasury secretary who won't spook Wall Street, alienate progressives or forget about Main Street's plight. |
Christy Bieber, Motley Fool Social Security benefits are an important source of retirement income, but they can't be your sole source. That's because they aren't designed to replace enough of your pre-retirement income to maintain your standard of living. |
Mark Hulbert, MarketWatch U.S. stocks rise in three out of every four years, especially the first year of a presidential term. |
Chuck DeVore, The Examiner The Fraser Institute is out with its new yearly assessment of Economic Freedom in North America. Fraser, based in British Columbia, Canada, ranks both nations and states internationally and in North America for their economic freedom, measuring factors such as tax rates, government spending, and labor laws. |
Michael Gibson, City Journal A new book argues that Silicon Valley was built on sand. |
Art Carden, American Institute for Economic Research The late 1970s and early 1980s were a turbulent time on the music scene. “Punk rock” came into vogue. Disco was breathing its last. A band of teenage girls called The Runaways went through several lineups and had a minor hit with “Cherry Bomb.” They never really got that far in the United States or Europe, but they opened for several prominent bands. They also made it big in Japan. Several Runaways became stars after the band broke up. Lita Ford went on to solo success. Original member Micki Steele joined the Bangles. The group’s biggest eventual star... |
Steven Kamin, Hill We don't know how economic policy management under the Biden administration will fare. But early signs are promising, |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Theodore Dalrymple, City Journal These days, you must hold the right opinions and express none of the wrong ones or else. |
J.D. Tuccille, Reason We're expected to suffer discomfort, economic pain, and emotional distress or else pay fines or serve jail time. Government officials, meanwhile, take offense when called out for violating the standards they created. |
Sebastien Canderle, Enterprising Investor Do private fund managers possess unique skills that can somehow provide certainty or, at the very least, predictability? |
Claire Jones, Financial Times How bad it gets for businesses in the euro area depends on governments’ response. |
Megan Scudellari, Nature The tiny island nation brought huge scientific heft to its attempts to contain and study the coronavirus. Here’s what it learnt. |
Alex Tabarrok, Marginal Revolution There is something to be said for tearing it all down and starting again. |
Ben Hunt, Epsilon Theory The AMA is a tax exempt hedge fund and licensing corporation. |
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