08/02/2021
Today

Home Prices Soaring. Is That the Fed's Problem?

Jeanna Smialek, New York Times

Low interest rates are one reason that the housing market has taken off. They are far from the only one.

Don't Worry, Fed Can't Do What Its Critics/Supporters Think

John Tamny, Forbes

If the Fed could actually increase credit, there would be very little credit to increase.

Genius Plan to Improve Amtrak w/the $66B from Congress

Henry Grabar, Slate

What the beleaguered operator should do with $66 billion from Congress.

Hints About Stock Leadership From Q2 US GDP

Market Minder, Fisher Investments

GDP is backward looking, but we think this week's report hints at the trends that lie ahead.

How to Plan Ahead If You're Expecting a Correction

Michael Sincere, MarketWatch

The clock is ticking for U.S. stocks.

Sm. Investor May Feel Sharp Pain From Robinhood IPO

Charles Gasparino, NYP

Robinhood's shaky IPO debut and intention to "democratize" Wall Street with its ever-growing user base isn't attracting institutional investors — for a good reason, Charles Gaspar…

Your Retirement Money May Not Be What You Think

Russ Wiles, Arizona Republic

Many investors are so focused on accumulating wealth that they neglect the second part of the equation.

Senators Right to Cast Doubt on Stepped-Up Basis Repeal

Andrew Wilford, RCM

One of President Biden's most impactful, but least discussed, tax proposals is the repeal of the so-called "step-up in basis" upon inheritance of a decedent's estate. But as a group of Republican senators argued in a recent letterto the President, it's a change that stands to do a great deal of harm to businesses and agricultural operations should it be passed.

China Econ. Success Is In Spite of the State

Rainer Zitelmann, Washington Examiner

Weiying Zhang, a professor of economics at Peking University, objects to the notion that China's extraordinary economic success is a result of the strong influence exerted by the state.

Hosting the Tokyo Olympics Comes At a Massive Cost

Jerusalem Demsas, Vox

The Tokyo Olympics could cost four times as much as expected.

Eviction Ban Is Ending, Putting Millions at Risk of Eviction...

Anna Bahney, CNN

Ronald Leonard expects the sheriff to arrive at the door of his Daytona Beach, Florida, home any day after the federal ban on evictions expires on Saturday.

Why Did They Do This To Us? On Lockdowns

Jeffrey Tucker, Brownstone Institute

Every age has generated some fashionable and overriding reason why people cannot be free. Public health is the reason of the moment. In this author's telling, everything we think we know about the social and political order must conform to his number one priority of pathogen avoidance and suppression, while every other concern (such as freedom itself) should take a back seat.

Work in Progress: Fed Stands Pat

Liz Ann Sonders, Charles Schwab

The Federal Reserve left its interest rate and balance sheet policy unchanged; but is opening the door a bit more to tapering its bond purchases.

The Economic Prints to Look For This Week

Richard Moody, Regions Bank

Addressing America's Crisis of Despair and Recovery

Various, Brookings

Planning Your Retirement Income Distribution

Rob Williams, Charles Schwab

A guide to approaching distribution.

GDP: A Snapshot of Our Economic Predicament

Richard Moody, Regions Bank

Buy Now, Pay Later: Is There a Catch?

Carrie Schwab-Pomerantz, Charles Schwab

Despite the proliferation of Buy Now, Pay Later options, the time-tested rules of sound money management still hold.

Inflation, Shutdowns, and Spending

Brian Wesbury & Robert Stein, First Trust Advisors

Is America's Oil Industry Too Big To Fail?

Irina Slav, OilPrice.com

America's oil and gas industry employs over 11 million people and is worth more than $1.6 trillion, making the energy transition more difficult than it may seem

Digital Nixon Shock: A New Monetary Order?

Harold James, Project Syndicate

US President Richard Nixon's 1971 decision to end the US dollar's convertibility into gold had such far-reaching consequences that it took policymakers decades to learn to manage the new system. Now, digital technologies are driving a new monetary revolution that could end the greenback's global primacy altogether.

Why Is Zuckerberg So Excited About The "Metaverse"?

Steve Kovach, NBC

Tech companies — primarily Facebook — are increasingly boosting the concept of the "metaverse," the classic sci-fi term for a virtual world you can live, work and play inside.

Why Do We Buy Stuff?

Karen Wallace, Morningstar

These practical tips can help you become a more mindful shopper.

Homeownership Can Bring Out the Worst In You

Jerusalem Demsas, Vox

It's the biggest thing you might ever buy. And it could be turning you into a bad person.

Why The US Housing Boom Will Run Another 5 Years

Bryce Coward, KLC

The United States is just at the beginning of a housing boom that could last for the next five years.

Behind China's Corporate Clampdown

Louis-Vincent Gave, Evergreen Gavekal

Increased regulatory pressures from the Chinese government have created wild swings in Chinese equities of-late. Technology and education stocks have been hit hardest, as investors have weighed a series of announcements from Beijing aimed at increasing oversight in a wide range of sectors.

Second-Quarter Market Insights in 8 Charts

Gabrielle Dibenedetto, Morningstar

Our market commentary covers economic expectations after the pandemic, the global spread of inflation pressure, and more.

Trump's 'Big Tech' Lawsuits Are Ludicrous

Steven Greenhut, Reason

Market power does not make a private company the equivalent of a government agency.

Inflation, Monetary Policy & Pandemics

Jamie Catherwood, Investor Amnesia

There's nothing new in the world.

The Cardboard Real Estate Boom Is Here

Nate Berg, Fast Company

The packaging industry is growing—and so are the buildings needed to house it.

Why I'm Not Worried About Inflation

Bill McBride, Calculated Risk

Inflation has been below target for years.

Miami's Suarez Charts A New Course

Ken Stern, Vanity Fair

Francis Suarez is a smooth-talking, highly popular legacy politician with a knack for drawing in Latino voters. Republicans who follow his example could build a winning coalition—if they dump Trump.
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