06/03/2021
Today Allison Schrager, Bloomberg Humans normally respond to big unforeseen shocks in one of two ways: either they recoil from risk-taking like we saw after the Great Depression, leading to creation of the modern welfare state and a generation that feared the stock market; or they accept that risk is part of life and learn to embrace it — like they did in the Roaring Twenties after the 1918 flu and 1920 recession. |
Jeffrey Tucker, RealClearMarkets The email dump of Dr. Anthony Fauci's correspondence is a treasure trove of insight. Don't rely on the major media to explain what's in it, however. Reporters hardly have time to dig through thousands of pages, so they become echo chambers of what others are saying. I've gone through most, not all, but I'm most interested in the material from March 2020. Here is where we find out what Fauci was thinking before the American people were greeted with lockdown shock and awe. I draw your attention to an exchange from March 2, 2020. Hysteria was already in the air. The New York Times was fueling... |
Stephen Moore, The Hill Now that the pandemic is over, a sane administration would be looking for ways to start to pay off some of that debt burden, which will grow to more than $150,000 per child born today. |
Bob Luddy, The American Spectator The Biden administration and the Fed are leading us toward an economic cliff, which will lead to uncontrolled inflation and a recession. |
Emma Kerr, U.S. News & World Report While tax evasion is illegal, tax avoidance - also known as strategic tax planning - is taking legal steps to pay less in taxes. Tax avoidance is a common practice among individuals and businesses. In fact, anyone who has utilized a company 401(k) or personal IRA has engaged in tax planning to limit taxes owed. |
John Tamny, RCM Oil as measured in dollars reached a multi-year high on Tuesday. Some are no doubt wondering how this could be. Fracking enthusiasts have assured us for years that innovative oil extraction techniques would render the cost of crude a yesterday worry. Except that at $70/barrel, oil presently trades at a price that is seven times what a barrel fetched in 1998. What's the story? Wasn't fracking supposed to put a virtual fence around the U.S. such that its citizens no longer needed to fear expensive gasoline again? Weren't we supposed to become the Saudi Arabia of North America, swimming in oil... |
Market Minder, Fisher Investments We crunched a lot—and we mean a lot—of numbers on inflation and stocks. |
Nels Frye, New York Post Congrats to America's finance bros for finally getting their reward from the Chinese Communist Party. But surely, after obediently lobbying in favor of opening up to Beijing for decades, Wall Stree… |
Walter Block, FEE Why does Sanders continue to get away with such flabby economic thinking? |
Anna Bahney, CNN The real estate stories are swirling about homes that sold in record time, with multiple bids -- and "all-cash offers." |
Thomas Friedman, New York Times Diversifying beyond oil and gas will benefit everyone. |
Michael Bernick, Forbes While California's tech aristocracy is pushing a government 'guaranteed income', a blue collar city in California, Long Beach, is testing an alternative jobs-based approach to assist low income residents. This approach leverages the growing demand for workers in the contingent economy. |
Ryan Detrick, LPL Financial Research Market Blog Wednesday, June 2, 2021 |
Bret Swanson, American Enterprise Institute |
Carrie Schwab-Pomerantz, Schwab Most families don't pay the sticker price for college, but don't put off saving. Consider a 529—and start early. |
Brian Wesbury & Robert Stein, First Trust Advisors |
Rob Williams, Charles Schwab If you've retired but are considering returning to work, be aware that your decision may affect your tax situation, Social Security and Medicare benefits. |
Jeffrey Kleintop, Charles Schwab While it's very early to say the rise in inflation has passed, there are signs that the fastest part of the rebound in inflation might soon be over. |
Rebecca Leber, Vox Biden faces a critical decision about the Permian Basin and its methane emissions from oil and gas. |
John B. Taylor, PS Since the onset of the pandemic in March 2020, the US government has provided tens of millions of households with direct injections of cash. But insofar as these policies are intended to stimulate the overall economy, there is no evidence to suggest that they actually work. |
Charles Duhigg, The New Yorker Chamath Palihapitiya says that the investment tool lets ordinary people get rich off startups. It may be hype—but hype can be its own economic engine. |
Susan Dziubinski, Morningstar These wide-moat names have all returned twice as much as the market this year but remain undervalued by our metrics. |
Eric Boehm, Reason The Commerce Department is planning to hike tariffs on Canadian lumber from about 9 percent to more than 18 percent. |
Peter S. Goodman & Niraj Chokshi, NY Times Global shortages of many goods reflect the disruption of the pandemic combined with decades of companies limiting their inventories. |
Iain Martin, Forbes Poland's parcel king, Rafal Brzoska has gone from near-bankrupt to billionaire by not delivering packages to individual houses. |
Luke Wachob, Hill Should the IRS spend public resources to collect sensitive personal information it doesn't want or need? |
VP Kamala Harris, Forbes The pandemic has prompted a surge in entrepreneurship. The United States' first female, Black and Asian-American vice president shares her ideas on how to leverage this moment to ensure that everyone has the opportunity to pursue the American Dream. |
David Howard, Washington Examiner Throughout the COVID-19 pandemic, Americans have looked to housing as a way to shelter from uncertainty while adjusting to new realities of working and schooling from home. As demand for housing has surged over the past year, it's become clear that too many people have been priced out of housing… |
Conor Dougherty & Ben Casselman, NYT For years, people most wanted to live in places where it was the hardest to build. Now, with a rise in remote work, exurban areas look more appealing. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Noah Smith, Noahpinion Yes. But not as much as we ought to be. |
Jemima Kelly, FT Alphaville Coinbase just wants to tell the truth, its own truth and nothing but its own truth. |
Jonathan Clements, HumbleDollar What's so wrong with trying to avoid losses? |
Sachin Nagarajan, Morningstar Of the menu options, these U.S. quick-service restaurants are worth tasting. |
Cullen Roche, Pragmatic Capitalism The one constant that's never different this time is human emotion. |
Joe Wiggins, Behavioural Investment The ten most significant mistakes made by fund investors. |
Edward L. Glaeser, City Journal The key to post-Covid recovery is lifting restraints to new business creation. |
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