04/30/2021
Today

It's Not Clear that Elites Will Save NYC This Time

Judith Miller & Paul du Quenoy, CJ

Influential citizens rallied to the city's rescue in the 1970s, but it's not clear that we will see a repeat.

New Jersey Pols Want SALT Repeal, but Fear More Inequality

Todd DeFeo, TCS

(The Center Square) – New Jersey Democrats are pushing President Joe Biden to repeal the State and Local Tax (SALT) deduction cap, but a new analysis says doing so "would

Lockdowns Would Have Horrified Dead Cons, Libertarians

Jeffrey Tucker, AIER

"Most of the contributors to this book are deceased so we are left to speculate about what their views toward Covid lockdowns would be. I suspect most if not all would be astonished and horrified at the policy choices of this past year. These writers were not technocrats but humane and learned...

Biden Bets He Can Remake Economy Without Side Effects

Heather Long, TWP

The American Families Plan is part of a bold gamble Biden wants to make: that he can improve the lives of lower- and middle-class Americans without unleashing years of inflation, slower growth and less incentive to work.

President Biden Abandons the Poor and the Middle Class

Grady Means, The Hill

Biden has been around a long time, and has seen politicians try and fail with the policies he proposes.

Biden's Spending Plans Are Good, But Not Well Planned

Ryan Cooper, The Week

Democrats need to decide what they want to do and then do it

Biden's Economy 100 Days In. A Disaster or Policy for People?

Various, USAT

USA TODAY asked opinion contributors to weigh in on President Joe Biden's economic record during his first 100 days.

Biden's Economic Plan Will Help Reverse the 'She-Cession'

Diane Lim, CNN

On Wednesday night, President Joe Biden unveiled his "American Families Plan," which calls for $1.8 trillion to be invested in education, child care and paid family leave. This investment is essential to ensure that all who want join the American workforce have the opportunity. But even more importantly, it is aimed at helping women, who have fallen even further behind during the pandemic.

Biden's Double Taxation Will Hurt Small Business

Gene Marks, Washington Times

What many people don't realize about small businesses is that there are millions of them — 30 million actually — according to the Small Business Administration of which 6 million have employees.

Hiring Signs Abound Due to Anti-Work Gov't Incentives

Amanda Makki, Examiner

For retail businesses which just barely survived the COVID-19 lockdowns, a new and potentially fatal phenomenon, a lack of employees due to continuous stimulus and unemployment payments, is stalking.

Whatever Happened to the 'Fiscal Hawks' within GOP?

Rich Lowry, New York Post

Once upon a time, President Joe Biden's spending proposals would have launched mass demonstrations in opposition. Little else would have been talked about in conservative media, and ambitious GOP p…

Oh Come On, We Need Much More Cancel!

P.J. O'Rourke, American Consequences

There's only one problem with cancel culture -- there's not enough of it. Here is how to get even more creative with your virtue signaling.

Q1 GDP: Getting Closer to Where We Started From

Richard Moody, Regions Bank

Fed Steady; Inflation Risk "Transitory"

Liz Ann Sonders, Charles Schwab

The Federal Reserve made no change to its interest rate or asset purchase policies; while strengthening its economic outlook and viewing inflation risk as "transitory."

Markets Aggressively Forecasting End to Lockdowns

Jeff Erber, Grey Owl Capital

Is Your Teenager Financially Fit?

Carrie Schwab-Pomerantz, Charles Schwab

Want to boost your teen's financial education? Give them some hands-on money experience.

Where Do Biden's First 100 Days Stack Up v. Trump?

Ryan Detrick, LPL Financial

Market Blog Wednesday, April 28, 2021

Rates of Various Stripes Will Dominate This Week

Ryan Severino, JLL

No Reason for Major FOMC Changes

Steve Englander, Standard Chartered Bank

10 Stocks Buffett Might Buy, If He Could

Karen Wallace, Morningstar

The investing legend might take an interest in these high-quality firms if Berkshire were nimble enough.

How Mark Zuckerberg & Tim Cook Became Foes

Mike Isaac & Jack Nicas, NYT

The chief executives of Facebook and Apple have opposing visions for the future of the internet. Their differences are set to escalate this week.

Tech Companies Lead Return To Profits Over Politics

Allison Schrager, CJ

Another tech company asks employees to keep politics out of the workplace.

Biden's Fuzzy Tax Math Doesn't Add Up

Willem H. Buiter & Anne C. Sibert, PS

Having unveiled a string of ambitious spending proposals, the Biden administration needs to come up with a way to generate an additional $4 trillion in revenue over the next ten years. But while it has no shortage of ideas, it will almost certainly come up short.

The Best Managers Aren't in It Just for the Money

Christopher Schelling, II

The key to motivating investors comes from something deeper than performance fees.

Biden Is Using The Pandemic Excuse For Everything

Peter Suderman, Reason

For Biden, the pandemic has become a catchall justification for a slew of big-government programs that he and the Democratic Party already wanted to pursue.

The Golden Age of Fraud is Upon Us

Ben Carlson, A Wealth Of Common Sense

If we have another roaring 20s, fraud will be part of it.

A Fiduciary's Duty Is to Retirees, Not To Ideology

Patrick Pizzella, RealClearPolitics

What do a former assistant secretary of the Treasury in the Clinton administration, the former BlackRock CIO of sustainable investing, and the former Trump...

Defective Excuses for Capital Gains Tax Hikes

Tim Worstall, Washington Examiner

President Joe Biden wants to double capital gains tax rates for rich people. It's not a very good idea.

Biden Launching a Broad Attack On Our Prosperity

Larry Kudlow, New York Sun

So let me get this right. President Biden has proposed the highest capital gains tax in, probably, history. I'm not quite sure. I know, though, that it's the highest in the past 50 years. At 43.4% — added with the corporate tax — that gets you to more

Source of Angst Now, Brexit Will Become a Footnote

Oliver Wiseman, City Journal

A historian argues that British membership in the EU, not Brexit, was the true aberration.

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

Will Uncle Sam Force Big Tech to Break Up?

Fisher Investments Editorial Staff, Fisher Investments

Shattering the Debt Ceiling Myth

Fisher Investments Editorial Staff, Fisher Investments

Waiting For The Inflation Canary To Sing

James Picerno, The Capital Spectator

Or not...

The Disastrous Johnson & Johnson Pause

Alex Tabarrok, Marginal Revolution

The pause increased vaccine reluctance.

Is SF Finished As the Capital of Tech?

Ted Egan, Pairagraph

The benefits of Silicon Valley are dwindling.

Just In Case You Think The Fed Has A Clue

macromon, Global Macro Monitor

This should dispel the notion.

Will Work From Home Be Bad For Productivity?

Claire Jones, Financial Times

Computers didn't immediately increase productivity either.

Stock Market Returns Are Anything But Average

Ben Carlson, AWOCS

Annual returns are all over the map.

The COVID Boom In Retirement Savings

Howard Gold, MarketWatch

Balances rise and people from all generations open new accounts, fund IRAs
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