05/18/2021
Today Joseph Calhoun, Alhambra Investments It was all over the news last week. Inflation has arrived. The CPI was hotter than expected. The PPI was even hotter. Import prices were up and export prices were up more. It was impossible to miss the inflation story last week. Stocks got the message and sold off on the hot CPI |
Judy Shelton, New York Sun The war of words unleashed on Wall Street and in Washington by Wednesday's announcement of an unexpectedly high rate of consumer price inflation is escalating by the day. Legendary hedge fund manager Stanley Druckenmiller had warned on Tuesday in the |
Jeanna Smialek, New York Times Federal Reserve officials believe low and stable price expectations give them room to heal the job market. But what if outlooks change? |
John Tamny, RCM "If one-half of the commodities in the market rise in exchange value, the very terms imply a fall of the other half; and reciprocally, the fall implies a rise." - John Stuart Mill, Principles of Political Economy, p. 419 Inflation is all the rage at the moment. That it's the economic story du jour is a likely sign that most commenters don't really know what inflation is. |
John Stossel, AC Why do oligarchs benefit from stimulus money? John Stossel details how the government can't help itself from helping those who need it least. |
Aaron Brown, RealClearMarkets Mary Williams Walsh of the New York Times mashed together three unrelated stories—and some misleading financial numbers—to produce a hit piece on the Pennsylvania School Employee Retirement System under the inflammatory headline, "F.B.I. Asking Questions After a Pension Fund Aimed High and Fell Short." Seven paragraphs into the story we learn the FBI is "asking questions," according to anonymous sources, about 2017 land purchases near PSERS headquarters. There's no suggestion the fund did anything wrong, and any FBI interest seems unrelated to the fund's financial performance and... |
Market Minder, FI What better way to celebrate Tax Day than to look at cryptocurrency tax quirks? |
Jeffrey Tucker, RealClearMarkets Twenty years ago, I had some vague sense that there was a Centers for Disease Control that performed traditional public-health functions. It tracked diseases. It made health recommendations. It served as a clearinghouse for data and information on a subject that has been crucial to modern life for the better part of a century. It helped guard the general health of the country and assisted people with authoritative advice. That was the idea. Then last year happened. The CDC - budget of $12 billion with 15,000 employees - suddenly assumed an outsized role due to the arrival of the respiratory... |
Donald Boudreaux, AIER "Abruptly starting 16 months ago, humanity was encouraged to hold in contempt – even to censor – the relative few persons who refused to abandon liberal sensibilities. Abruptly starting 16 months ago, there quite possibly began the end of liberal civilization." ~ Donald J. Boudreaux |
Chuck Collins, The Hill Pandemic inequalities may explain the popularity of proposals to restore progressive income and wealth taxes on the very wealthy. |
Oliver Wiseman, City Journal It doesn't feel as though the road out of Brownsville, Texas, will take you anywhere special. As you leave one of America's poorest cities, drive-throughs and sprawl give way to run-down ranch homes and scrubland. Eventually, the landscape empties—flat, green, unremarkable. Maybe the only notable thing about the drive east on State Highway 4 is the border-patrol checkpoint, a reminder that the two-lane road runs parallel to the U.S.-Mexico border. But then a collection of boxes and cylinders appears on the horizon. |
Paul Ausick, 24/7 Wall St. AT&T and Discovery have reached an agreement to combine AT&T's WarnerMedia with Discovery in a deal that will reduce AT&T's debt load and put Discovery CEO David Zaslav in charge of one of the country's biggest media firms. |
Richard Salsman, InterMarket Forecasting Inc. |
Jeffrey Kleintop, Charles Schwab The shortage of supplies indicates risk of economic weakness coupled with rising prices. |
Editors, Self Financial Ever wondered how much tax you will pay over your lifetime? We've worked it out for each state in the US. See the analysis here. |
Kathy Jones, Charles Schwab Although we expect higher prices over the next few years, a return to that level of inflation is unlikely. |
Richard Moody, Regions Bank |
Carrie Schwab-Pomerantz, Charles Schwab Leaving your job to be a full-time parent has emotional, professional and financial implications. Be prepared. |
Dan Schnur, USA TODAY We can't wait for you to gradually achieve your potential. Amid the pandemic and other crises, we're ready now for Generation Z to become Generation C. |
Richard Gunderman, Law and Liberty Richard Gunderman looks back on the life and failures of Robert Owen, a utopian dreamer. |
Editorial, New York Post Ridiculous: Gov. Andrew Cuomo's COVID grandstanding in insisting he needs to do his own review before he can follow Biden administration guidance saying the fully vaccinated don't need to wear mask… |
Amy Czulada, The Hill Across centuries and geographies, powerful elites have used debt not only as a means to extract profit, but also as a means to silence and coerce the working class |
Jeanne Sahadi, CNN Monday, May 17, is the official deadline for individuals to file their 2020 federal tax return, and in most instances their state tax return, too. Here is everything you need to know. |
Peter Kafka, Vox The people who brought you Game of Thrones are merging with the people who bring you 90 Day Fiance. |
Ann Carrns, New York Times Competition for homes in many cities is leading potential buyers to take steps they may not have considered a short time ago, including waiving the inspection. |
Geoff Williams, U.S. News & World Report Is it better to rent or buy a house? At some point, the question comes up in everyone's life. Even a lifetime renter who loves apartment living probably has had a few internal struggles over whether it would be wiser to buy a home versus continue renting. |
Matt Taibbi, TK News Much easier to ruin a career than mess with a corporate cash cow |
Dave Sekera, MStar But while increased infrastructure spending will create opportunity, the market has already priced in most of these companies' potential. |
Kevin Roose, New York Times Glauber Contessoto went looking for something that could change his fortunes overnight. He found it in a joke cryptocurrency. |
Sheelah Kolhatkar, The New Yorker In eliminating barriers to investing in the stock market, is the app democratizing finance or encouraging risky behavior? |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Joshua M Brown, The Reformed Broker Stimulating the housing market at this point is psychotic. |
Matt Taibbi, TK News by Matt Taibbi Bounced from Apple over complaints about his book Chaos Monkeys, the author questions the wisdom of conflating your entire "political, moral, and religious being with your professional persona." |
Lauren Solberg, Morningstar Investors are shifting out of pricey sectors and styles and into areas of the market that have been less richly valued. |
Sara Morrison, Vox The billionaire's space internet project could connect millions of remote American homes. If it actually works. |
Megan Rose, City Journal Expanded federal unemployment benefits are discouraging work among people who need it most. |
Eric Boehm, Reason Monday's announcement of a truce in the conflict is good. Peace would be better. Biden should drop Trump's steel tariffs. |
Jazmin Goodwin, CNN One hundred years ago, one of America's greatest success stories came to a crushing end. |
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