08/31/2021
Today

It's Time to Broaden Our Defunding Horizons

P.J. O'Rourke, American Consequences

Why stop at defunding the police? America needs to get its hands politically even dirtier by disposing of the The Department of Sanitation.

Biden Gambles On Another Death Tax to Fund Budget Goals

Michael Steele, Hill

Brace for impact, as this plan would cost families billions of dollars in additional taxes upon the transfer of appreciated property.

Rich Lobbyists Have Slashed Biden's Tax Plans

Jonathan Chait, New York Magazine

Moderate Democrats have quietly knifed the president's legacy bill.

Politico Has Remarkably Ascended to 'Unicorn' Status

Ira Stoll, The New York Sun

As feats of publishing entrepreneurship go, it's one for the record books, or at least the business school case studies — Politico, a Washington-centric mostly online news organization founded in 2007, will be sold to the German publisher Axel

Jerome Powell Is An Attorney. He Proved It on Friday.

Joseph Calhoun, Alhambra

Jerome Powell delivered his long anticipated speech at Jackson Hole last week. Well actually, I have no idea if he was actually in Jackson Hole since the speech was delivered electronically, another victim of the delta variant. The virus itself rated barely a mention in Mr. Powell's remarks and I think that is

Are Value Stocks Cheap For a Fundamental Reason?

Cliff Asness, AQRCapital

By far the most popular question we get from value skeptics is "are the fundamental prospects for value stocks unusually poor today, justifying their low valuations versus expensive stocks?" Well, we now have an answer that doesn't require a four-hour time commitment nor a PhD.

Financial Education for Young People? There's An App

Elisabeth Dellinger, Fisher

Financial education for young folks? There's an app for that.

Five Areas of Potential Froth to Consider In Markets

Tim Wallace, Daily Telegraph

If you own your home, you may have noticed that the roof above your head has been growing more valuable at a startling rate.

Why Being On Your Own Can Simplify Retirement

Maurie Backman, Motley Fool

When you only have yourself to worry about in retirement, you can file for Social Security at an age that works for you.

We Need a National Coronavirus Plan

Joseph Allen & Helen Jenkins, New York Times

It's time for the U.S. to define what the goals are for Covid-19.

Operation Warp Speed Reveals Folly of Nat'l Plans

John Tamny, RealClearMarkets

"Nature recks nothing of intentions, good or bad; the one thing she will not tolerate is disorder, and she is very particular about getting her full pay for any attempt to create disorder." ~ Albert Jay Nock It's too easily forgotten that "the people" are the market. The previous truth is a crucial one in consideration of what's taken place in the U.S. and around the world since March of 2020. In locking "the people" down, in taking away their freedom to live, work and operate their businesses as they wanted, politicians locked down the marketplace itself. That crisis followed the taking of...

Why Do We Work Too Much In the United States?

Cal Newport, The New Yorker

In the modern office, stress has become a default metric for judging whether we are busy enough.

Tax-Efficient Investing: Why Is It Important?

Hayden Adams, Charles Schwab

Tax-efficient investments are important because they can help lower your tax bill. Learn more with these tax-conscious investing strategies.

A Merger Arbitrage Opportunity

Asset Allocation Team, GMO

The remarkable selloff in the merger arbitrage space over the last month has led to compelling opportunity for long-term investors.

It Was All About the Tone of Powell's Comments

Richard Moody, Regions Bank

The State of the Markets

Brad McMillan, Commonwealth Financial Network

How should we invest today? According to Commonwealth CIO Brad McMillan, with the economy in a growth phase, old strategies become new again.

Identifying Head-and-Shoulders Patterns in Charts

Lee Bohl, Charles Schwab

Identifying so-called head-and-shoulders patterns can be tricky but profitable.

The Bull Market To Keep Living Like It Isn't Dying

Pat O'Hare, Briefing.com

You Take My Breadth Away: Mkt's Underlying Deterioration

Liz Ann Sonders, CS

Last week, the S&P 500 was trading at an all-time high, but the underlying deterioration in breadth and non-confirmations by other indexes bears watching.

Fed's Message From Jackson Is Clear, Explanation Isn't

Nicholas Sargen, The Hill

While Fed officials say they have the tools to bring inflation under control, the open question is how willing they will be to deploy these tools if they threaten the recovery.

The Fed Is Rather Tone Deaf to Sound Money

Trish Regan, American Consequences

The precarious economic situation we find ourselves in predates the pandemic – we chart America's historic financial flashpoints for answers.

Shari Redstone's ViacomCBS Mega-Merger Is Big Mess

Charles Gasparino, NYP

ViacomCBS chairwoman Shari Redstone is now in the hot seat after letting both iconic media brands fall in market value as she desperately searches for a buyer.

Restaurants Struggle In Role of Vaccine Policemen

Danielle Wiener-Bronner, CNN

When Cowbell, a comfort food restaurant in New Orleans, started requiring proof of vaccination for indoor dining, some customers were less than thrilled.

Bankruptcy: What to Know About 11 vs. 13

Geoff Williams, U.S. News & World Report

Bankruptcy is a legal process, often seen as a last resort for people or businesses, that reduces or eliminates the obligation to pay back certain debts and offers a fresh start. But it can get confusing because different chapters of the bankruptcy code may be applied, depending on whether the debtor is an individual or business and other factors. So you shouldn't feel bad if you don't know the difference between Chapter 7 and Chapter 13 bankruptcy, two options that apply to consumers.

Rise of Digital Currency & the Next Financial Crisis –

Paul Kupiec, Law & Liberty

Paul H. Kupiec discusses the problems of both a private-issued and government-issued digital currency to the financial system.

Democrats Silent As 'Benefits Cliff' Approaches

Matt Weidinger, National Review

7.5 million Americans are set to lose expanded federal unemployment benefits on Labor Day, yet progressive policymakers aren't talking about it. Why?

Why Unemployment Insurance Is Ending at the Worst Time

Emily Stewart, Vox

The dangerous delta variant is spreading. The future of schools is unclear. And millions of workers are about to be kicked off unemployment.

It's Time For The Fed To Rethink QE

Lawrence Summers, The Washington Post

The lessons of Vietnam and Afghanistan are true for economic policy: Sticking to the same approach without considering whether it still makes sense is a recipe for trouble.

Why Are The Dismal Scientists So...Dismal?

Jeanna Smialek, New York Times

For Wall Street, and the dismal science as a whole, trouble is around every corner even as the economy booms.

What Globalization Has Done To Inflation

Claire Jones, FT Alphaville

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

Big D Is a Big Deal

Joel Kotkin & Cullum Clark, City Journal

Dallas–Fort Worth is becoming the de facto capital of America's Heartland.

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

Private Equity Has Entered The Pro Sports World

Dan Weil, Institutional Investor

Buying stakes in NBA and MLB teams is just the beginning of the private equity takeover of major league sports.

Our Economic Theories Need An Update

Kaushik Basu, Project Syndicate

As technology advances and the environment changes, some of the key assumptions underpinning mainstream economic thinking will become obsolete. To reverse the public's loss of confidence in the discipline, economists must get back to doing what made the field so valuable in the first place.

The Competitive Edge Of Being Bullish

Eddy Elfenbein, Crossing Wall Street

The best time to buy stocks is when you have money.

I See Dead Mutual Funds

Cullen Roche, Pragmatic Capitalism

I see dead people. I mean, dead mutual funds.

An Estate-Planning Checklist

Christine Benz, Morningstar

'Estate planning' evokes complexity and high costs. What you need to know to get it done.

The Palaces & Ruins of The Drug Bosses

Sonja Peteranderl, Der Spiegel

Mafiosi and drug bosses have changed the face of cities around the world with their massive villas. Now, these assets are being confiscated in Italy, Berlin and Mexico and given back to the people.

Move Fast And Break Facebook

Daniel Liss, TechCrunch

For so long, Mark Zuckerberg has told us all to move fast and break things. It's time for him to break Facebook.
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