11/01/2021
Today

I Like Big Winners, Which Is Why I'm a Big Fan of Fossil Fuels

Rob Smith, RCM

Vladimir Lenin stated, if the government tells a lie often enough, it becomes the truth. Nowhere is this maxim more true or relevant than on the subject of "climate change." Right now, Brandon is in Rome for a G-20 climate summit where empty suits will gasbag about the earth's imminent destruction in 10 years due to fossil fuels. Yawn. Using fear as a political tool to control the masses has been a tool of tyrants since the Sumerians. They want your money, so they can spend it, and in order to get it, they need to make up a big lie to scare you into submission. Most politicians could not...

Actually, It'd Be Great if Elon Musk Built a University

Jordan Weissmann, Slate

The Tesla founder ought to give his dumb boob joke some serious thought.

Let's End Silly Notion That Elon Musk Is a 'Crony Capitalist'

John Tamny, Forbes

A valuation that has nothing to do with a federal subsidy, and everything to do with a future that politicians have no capacity to imagine, and as such, one they can't subsidize.

Overtaxed Rich Could Depart Eric Adams's NYC

Charles Gasparino, New York Post

Give him Eric Adams no credit for being so delusional that he thinks the lefties in Albany and the City Council as well as people like AOC in Washington are listening to a word of his.

Why Is Biden's Very Good Econ. Plan Described As Failure?

Michael Hiltzik, LAT

Biden's latest plan remains a huge advance for the middle and working classes.

The Major Blunder Within Biden's Build Back Better

Editorial, Issues & Insights

A poor GDP number is inextricably linked to the Democrats' plans to tax and spend as never before.

Facebook Could Be the Barrier To Fixing Facebook Prob

Peter Weber, The Week

The social media giant is under intense scrutiny. But can it be reined in?

What Markets Are Anticipating Beyond Q3 GDP

Market Minder, Fisher Investments

To no one's great surprise—and probably to stocks' least of all—supply chain hiccups slowed Q3 growth.

Why Some Think Investors Should Watch the Climate Talks

Julia Horowitz, CNN

As world leaders gather in Glasgow for the COP26 climate summit on Sunday, there are plenty of reasons for companies and investors to watch closely.

Las Vegas Signals Alive and Well Consumers

Trish Regan, American Consequences

The Sin City strip is dotted with posh shops, beckoning those looking to spend thousands – in short, American consumerism is alive and well.

U.S. Is Still the Only Industrialized Country Without Paid Leave

Li Zhou, Vox

Just 8 percent of low-wage workers have access to paid family leave, compared to 20 percent of all workers.

Child Tax Credit Is Alive, Let's Keep It Alive

Kerry Kennedy & Peter Edelman, The Hill

While the structure is in place for the child tax to continue permanently, new money must be appropriated beyond next year in order for the credit to be renewed.

Will Markets Dismiss Powell a la Lagarde?

Richard Moody, Regions Bank

Which Stock Indices Did Best in Other High Inflation Times?

Jerry Bowyer, VF

There are lots of ways to classify stocks in various indices, but today let's look at them according to size, and their performance during high inflation.

What if Inflation Persists?

David Kastner, Charles Schwab

Sectors tend to have different reactions to sustained inflation.

The Surprising Dividends of Transformed Investing

Dave Goetsch, Equius Partners

I've been working in sitcom writing rooms for the past 25 years, and one of the most discussed, and least understood, topics is investing. To be in one of those rooms means that you have already beaten odds. In success, the financial benefits can be fast and huge (Google "writer" plus "nine figure deal"), but in failure, the financial misfortune can come even faster and be even more extreme.

Will Services Offset Weakness in Manufacturing?

Jeffrey Kleintop, Charles Schwab

Services make up more of the economy, jobs, and the stock market. The time has come to focus on services data to get a sense of the overall economic picture.

Wounds That Never Heal

Asset Allocation Team, GMO

Bubbles inflict deep and cruel wounds that can last for decades, which is why we believe it is prudent to avoid them, exploit them, or dance around them as best we can.

Comparing Inflation Hedges Among Asset Classes

Jerry Bowyer, Vident Financial

Let's zoom in and look at some indices during periods of high and low inflation.

Tax the Rich!

Peter Singer, Project Syndicate

The opening of the global economy over the past 30 years enriched multinational corporations, which have been able to shift profits to wherever the corporate tax rate is lowest. The G20 can take one step toward remedying that by accepting the proposed 15% minimum rate, but it should go much further.

Are Billionaires Best At Spending Their Money?

Emily Stewart, Vox

Are billionaires best at deciding what to do with money?

With High Income Funds, Don't Believe Your Eyes

John Rekenthaler, Morningstar

There's always a catch.

Property Rights Are Human Rights

Steven Greenhut, Reason

The land was taken in 1924 in order to kick a black family out of Manhattan Beach, California.

Are Women Better Investors? Let Me Mansplain

Ron Lieber, New York Times

Overconfidence is bad, and women are less likely to fall victim to it.

The Art World's Most Wanted Man

Nate Freeman, Vanity Fair

Not so long ago, Christian Rosa was a buzzy young artist on the rise. Now he's facing a series of charges related to alleged forgeries and on the run from the FBI. How did it come to this?

Slower S&P 500 Earnings Growth Is Not Bullish

Mark Hulbert, MarketWatch

Faster earnings growth generates higher stock market returns --- just as you'd expect.

The True Costs of Government Spending

Michael J. Boskin, Project Syndicate

While all politicians exaggerate, US President Joe Biden's claim that his proposed $3.5 trillion spending package "costs zero dollars" rises to a higher plane, and Americans aren't buying it. Even if the legislation was fully covered by tax increases, the costs for the economy would be significant.

Stop The Disrespect

Joshua M Brown, The Reformed Broker

They don't teach this in school.

How To Make the Supply Chain Crisis Permanent

Eric Boehm, Reason

If the power to his house went out during a storm, one assumes Hawley would declare electricity to be a mistake and demand that homes be lit with candles.

Investment Horror Stories--and the Lessons They Teach

Ruth Saldanha, MStar

March 2020. The oil-pocalypse. The emerging-markets party that never came. Gather round and hear these tales of horror, and learn from these mistakes.

Ahead Of The Curve

Craig Shapiro, Collaborative Fund

Don't be afraid to let the bandwagon pass you by.

The Age Of The Digital Myth

Siddharth Venkataramakrishnan, FT Alphaville

How the tale of Slender Man can explain the rise of QAnon.

What, Me Worry?

Anatole Kaletsky, Evergreen Gavekal

I believe that the world economy now faces conditions more akin to the 1950s than any other decade.

Biden's $27 Billion Bet On Forests

Benji Jones, Vox

The president's Build Back Better proposal could be a game changer for US forests.

How News Looks When Its Old

Barry Ritholtz, The Big Picture

Whenever you read a scary headline, ask yourself these questions.
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