06/26/2021
Today

Here's Why We Cannot Just Follow Covid "Science" -

Greg Weiner, Law & Liberty

Data and evidence cannot tell us what to do with them—that requires moral judgment.

Why American Hotels Will Never Be the Same After the Virus

Nadja Sayej, Vox

Contactless check-in and room service robots are the future — and reality — of hotels. That's not all.

About Bipartisan Infrastructure "Breakthrough"..

Market Minder, Fisher Investments

Investors shouldn't hold their breath, not that it matters much for markets.

Miami Condo Collapse: Reminder of Artificial Land Problem

Ryan Cooper, Week

The Miami condo collapse is a devastating reminder of America's artificial land problem

Why Biden's 'Child Allowance' Will Harm Economy

Marco Rubio, RealClearPolitics

Soaring consumer prices and stubbornly high unemployment are the hallmarks of the Biden economy. The reasons are as obvious as they were predictable,...

How to Make Peter Thiel Pay Tax On His $5B Roth IRA

Jordan Weissmann, Slate

It's probably legal, but it shouldn't be.

Meet the Short Seller Who Hopes Stocks Crash and Burn

Paul La Monica, CNN

CNN Business spoke to Hindenburg Research founder Nate Anderson, who has made a name for himself in the past few years by targeting companies like Lordstown Motors that he thinks are overvalued and have suspect financials.

The Stock Market's Still In Awe Of the View In Front Of It

Pat O'Hare, Briefing.com

Your author was on vacation last week when the Federal Reserve reportedly shocked the market with its latest economic and interest rate projections. Out was a belief that the first rate hike wouldn't come until 2024 and in was the idea that there could possibly be two rate hikes in 2023. Out was the projection that the PCE inflation rate would be 2.4% in 2021 and in was the projection that it will be 3.4%.

Is Settling Opioid Crisis the Job of Maverick Judge?

Jack Fowler, National Review

In a case of epic proportions, Judge Polster employs threats and secrecy to wring a speedy settlement out of Big Pharma defendants.

As Stick Shifts Disappear, Collectors See Opportunity

Rob Sass, New York Times

Cars with manual transmissions, even late models, are holding their value as the collector market hunts for rarity.

The Future Of Psychedelic Medicine Might "Skip The Trip"

Will Yakowicz, Forbes

A hallucinogenic experience may draw people to LSD and psilocybin, but the mental health industry believes there's a $50 billion opportunity in turning these compounds into safe at-home medications—without the ego-dissolving ride.

Joe Biden's Economy Signals a Return of Misery

Richard Rahn, Washington Times

Surprise! Surprise! Surprise! This past week, the Fed chairman and other Fed governors finally acknowledged that the rise in inflation may not be all that temporary or mild.

Report Declares a Worker 'Emergency' In Wisc.

Benjamin Yount, The Center Square

(The Center Square) – The latest snapshot of Wisconsin businesses once again shows there are a lot of open jobs and not a lot of people to fill them.

Is Good Data Now Bad News?

Jeffrey Kleintop, Charles Schwab

It's possible that good data could be interpreted as bad news for U.S. markets in the near-term as strong economic data could prompt the Fed to unwind earlier.

New Home Sales: We Expected Little, Got Less

Richard Moody, Regions Bank

The Benefits of Credit Card Rewards

Various, American Bankers Association

Existing Home Sales: Much Worse Than Headline

Richard Moody, Regions Bank

80% of Gen Z Investors Took On Debt to Invest

Julie Ryan Evans, MagnifyMoney

40% of investors said they have taken on debt to invest, including 80% of Gen Zers and 60% of millennials.

Congress' War On China & American Consumers

Herbert Hovenkamp, ProMarket

Some of the bills currently debated in Congress regarding Big Tech could affirmatively harm competition, hurting both consumers and labor.

Is the Fed About To Get Burned Again?

John B. Taylor, Project Syndicate

As in the stagflationary 1970s, the US Federal Reserve is once again denying that its own policies are the reason for a recent surge of inflation, even though there is good reason to think that they are. It is not too late to learn from past mistakes and reverse course – but the clock is quickly ticking down.

3 Things Investors Can Learn From Warren Buffett

Keonhee Kim., Morningstar

Whether you're new to the market or not, there's a lot to learn from Berkshire Hathaway's leader.

Why Washington Can't Quit Larry Summers

Jeanna Smialek, New York Times

A longtime leading man of economics is no longer making America's policies. He's still driving a critical conversation around them.

Solar Power Has An Unlikely New Enemy

Irina Slav, OilPrice.com

The solar industry is on a mission to take over the world, but a new, especially unlikely, enemy has joined the fray

China Crushed Jack Ma. His Fintech Rivals Are Next.

Lulu Yilun Chen, BBW

Ant has lost at least $70 billion in value since its scuttled IPO, and companies from Tencent to JD.com are under pressure, too. The winners? The country's state-backed banks.

The mRNA Vaccine Miracle May Be Just The Beginning

Jörg Blech, Der Spiegel

The vaccine success stories at BioNTech and Moderna may only be the beginning. Doctors and researchers want to use the revolutionary mRNA technology to fight the world's worst scourges: from cancer to dementia.

The Little Hedge Fund Taking Down Big Oil

Jessica Camille Aguirre, New York Times

An activist investment firm won a shocking victory at Exxon Mobil. But can new directors really put the oil giant on a cleaner path?

Gold Is Ready To Rally & It Isn't About The Fed

Mark Hulbert, MarketWatch

Gold market-timers are bearish and that's a contrarian sign.

It's Time To End The Eviction Moratorium

Howard Husock, City Journal

It's a heavy burden both for landlords and for tenants who play by the rules.

The Big Job Exodus Might Not Be All It's Cracked Up To Be

Anna North, Vox

Workers are quitting their jobs. But are they getting better ones?

Beware America's Soaring Public Debt

Michael J. Boskin, Project Syndicate

In the near term, strong economic growth could shield US President Joe Biden from the consequences of his reckless spending. But if his administration's growth forecasts prove excessively optimistic – or even if they turn out to be accurate – he may come to regret it.

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

Shattering the Debt Ceiling Myth

Fisher Investments Editorial Staff, Fisher Investments

"Welcome to our Country Club!"

David Merkel, The Aleph Blog

An investment in the future?

It Takes A Sage To Keep It

Morgan Housel, Collaborative Fund

Andrew Carnegie was asked for money advice and said: "Even a fool can make a million dollars. But it takes a sage to keep it. Do you hear me?" He knew from experience.

China Fact Of the Day

Tyler Cowen, Marginal Revolution

China is still wrestling with how to rule over a diverse, ethnically mixed population that does not necessarily accept the dominance of the Han or the CCP narrative.

Fun with Leverage!

Barry Ritholtz, The Big Picture

Let's get this out of the way upfront: Using excessive leverage to speculate is a terrible idea, and often ends with a total loss of all capital.

Idiots, Maniacs & the Complexities of Risk

Ben Carlson, AWOCS

Risk is a complicated topic.It's hard to define. It's impossible to eliminate. And our perception of risk can often have unintended consequences.When things feel safer, we can let our guards

Saying Goodbye to the Late Leigh Perkins of Orvis

Jane Whitson, The Webutante

LEIGH PERKINS--- who in 1966 took a little roadside fishing store in Manchester, Vermont and tur...

How Rebekah Neumann Put the Woo-Woo in WeWork

Rachel Dodes, Vanity Fair

The wife of WeWork's founder Adam Neumann carved out her own little space as a New Age exec—and the company's downfall isn't slowing her.
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