03/06/2021
Today Jack Ryan, RCM Calls for social and economic change gripping America have shed new light on the racial wealth gap. The statistics are as stunning as they are troubling: retirement-age black families typically hold less than 10 percent of the wealth of their white counterparts. But closing this gap means addressing persistent discrimination in markets that have gone unchecked for decades. We should start with homeownership. As millions have come to understand, homeownership is one of the best ways to build wealth and secure a nest egg. Home equity makes up over one-third of household wealth—more than... |
Connor Harris, City Journal Not yet, but state and local lawmakers need to act to keep it from going that way. |
Jeffrey Tucker, AIER My family moved to Texas from Massachusetts in 1830, six years before Texas became an independent nation. I should say one man made the migration; he met his wife on the journey, in Tennessee. They first stopped to see his uncle in New Orleans, who gave him some horses, a deed to some property in Texas, and a new covered wagon. He landed in East Texas, got bored of farming, and moved further West, landing in Marfa and Alpine. Remnants of that decision are all over the region today. |
Sara Morrison, Vox Retail pharmacies are now giving out Covid-19 vaccines, and some of them are using it as an opportunity to profit off your information. |
Steven Rattner, New York Times Fears were overblown for years. But let's not be blasé about how hard it could be to halt high prices if they haunt us again. |
Maurie Backman, Motley Fool Saving in a dedicated retirement plan is a great way to help ensure that you have enough money to cover your expenses once you stop working. And if your employer offers a 401(k), it pays to sign up for it. Not only are contributions seamless - they're deducted from your paychecks so you don't have to make any effort to get that money into your account - but many companies offer matching programs that help you score free retirement cash. |
Pat O'Hare, Briefing.com The stock market has been on a roll for months -- nearly 12 months to be exact. Sure, there have been setbacks every now and then, but ever since the Federal Reserve rode to the rescue in March 2020, market participants have been riding on Easy Street. |
Josh Bivens, CNN It's been almost a year since the global financial sector had its last epic meltdown. In February and March of 2020, global stock prices dropped like stones, the US dollar spiked in value and the market for US government debt began lurching as investors began trying to hoard cash. |
Jillian McGrath, USA Today Tucked into President Joe Biden's $1.9 trillion American Rescue Plan are two provisions that, if made permanent, could bring more adults and parents into the workforce, cut the child poverty rate in half, and fulfill the promise that full-time work in America earns a good life. As an added bonus, there are elements that appeal broadly across the political spectrum. |
Glenn Reynolds, New York Post In America, class warfare is often disguised as culture war, and culture war is often cloaked by talk of race. But underneath it all, the class warfare... |
John Tamny, RCM "His future seemed limitless. En route to their home in Fort Worth, Texas, they were on a narrow highway when a Greyhound bus coming from the other direction tried to pass a truck." "[Ben] Hogan, knowing the bus was about to strike his car head-on, threw his body over his wife's in the passenger seat to protect her." Those are the words of regular Wall Street Journal op-ed contributor, Bob Greene. He was writing about the awful accident that didn't kill Hogan, but likely should have. Very certainly it would have killed his wife if not for Hogan's quick thinking. The accident happened in 1949.... |
Jordan Weissmann, Slate The issue used to be a nonstarter for the GOP. Here's what changed. |
Kathy Jones, Charles Schwab The spike in U.S. Treasury bond yields sent ripples throughout global markets. |
Market Minder, Fisher Investments Aside from next year's stealth income tax hike, most of the UK's new Budget looks like version 2.0 of make-believe austerity. |
Carrie Schwab-Pomerantz, Schwab The Saver's Credit is like a retirement match from Uncle Samâ?"if you qualify. Here's what you need to know. |
Jim Masturzo, Research Affiliates We compare the current value of bonds versus stocks within the context of the equity risk premium. We couple this analysis with an evaluation of possible Fed policy direction. Our conclusion is that risk assets, such as US equities and corporate bonds, are poised to benefit as are gold and other commodities due to tumbling real yields and dollar weakening. |
Various, The Roofstock Team Startups are a significant driver of the U.S. economy. Each year, thousands of entrepreneurs launch new businesses that create jobs and spur innovation and efficiency across the market. According to the U.S. Census Bureau, more than 420,000 startups accounted for 2.2 million new jobs in 2018. |
Richard Moody, Regions Bank |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Ryan Streeter, City Journal Cities hoping to attract footloose workers should embrace growth and affordability. |
Daniel Gros, @prosyn With governments in advanced economies continuing to keep the fiscal taps open, it is worth considering whether additional stimulus is really what the situation demands. Unlike the aftermath of the 2008 crisis, the problem today is not a lack of purchasing power, but rather circumstances unique to a viral pandemic. |
John Rekenthaler, @MorningstarInc And two ways that it does not. |
Robert J. Shiller, The New York Times Shares are very expensive, but so are bonds. Even at current prices, the economist Robert J. Shiller says, it is reasonable to keep some wealth in stocks. |
Jason Del Rey, Vox Nearly 6,000 Amazon warehouse workers in Alabama are voting whether to unionize. This is the backstory. |
Tsvetana Paraskova, OilPrice.com The OPEC alliance has managed to restore balance in the oil markets, but the question remains U.S. shale drillers will manage to practice restraint as prices rise |
Ed Yardeni, Dr. Ed's Blog Washington's lawmakers have discovered the joys of sending checks to their constituents during bad times. |
Jason Zweig, The Wall Street Journal New trading platforms want to borrow your cryptocurrency, and are willing to pay a pretty crypto-penny for the privilege. Just don?\'t let anyone convince you it's like putting your money in a bank. |
Vitaliy Katsenelson, Contrarian Edge Socially responsible investing on an institutional level, where one body makes "socially responsible" capital allocation decisions for a pool of investors, is a utopian concept, just like socialism. |
J. Bradford DeLong, @prosyn After so many years of hand-wringing over disappointing US economic growth, it is odd to hear prominent economists sounding the alarm about the mere possibility of inflation. If anything, we should want an economy in which a higher federal funds rate is warranted. |
Amy Arnott, @MorningstarInc Is the 4% rule too high, too low, or just right? |
James Picerno, The Capital Spectator Is it time to act? |
Matt Taibbi, TK News by Matt Taibbi The pandemic has been a financial and political boon to the 1%. Will they really change up the pattern in the coming pandemic relief program? |
Laurent Belsie, The Christian Science Monitor For a year millions of working parents, especially moms, have been stretched to the limits by a stay-home swirl of kids and work. |
Anne Helen Petersen, Culture Study Work from home today is not what you'll be doing post-pandemic. |
Matt Egan & CNN Business, CNN The repo market, a murky yet crucial corner of Wall Street, is acting weird again. And the turmoil suggests the Federal Reserve may need to come to the rescue once more. |
Stephen Clapham, Behind The Balance Sheet Amazon's cash generation is impressive. |
Ben Johnson, @MorningstarInc If you can get aboard, should you? |
Tyler, Portfolio Charts How to invest like Neo. |
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