03/10/2021
Today

Maybe the Real 'Bubble' Is All The Talk About Mkt. 'Bubbles'

Zachary Karabell, Time

There's a rising chorus saying a stock market collapse is upon us. But is it true? Maybe all this talk of bubbles is the real bubble.

The Rate Spike: A Lesson In Efficiency of Markets

Market Minder, Fisher Investments

Bond markets are volatile, too, and this has all the markers of a sentiment-driven swing.

Today's Stock Market Resembles the One From 20 Years Ago

Paul La Monica, CNN

The recent pullback in tech stocks followed a spectacular surge at the start of the year. That should have longtime market observers worried about the similarities between now and the height of the dot-com bubble in 2000.

After State's C-19 Missteps, Free Market Types Must Step Up

Tim Rice, City Journal

Free-marketeers should make their case with renewed vigor after central planners' pandemic missteps.

How Democrats Learned to Stop Worrying About Big Gov't

Ryan Cooper, The Week

Official site of The Week Magazine, offering commentary and analysis of the day's breaking news and current events as well as arts, entertainment, people and gossip, and political cartoons.

Move Over, Nerds. It's the Politicians' Economy Now.

Neil Irwin, The New York Times

Leaders of both parties have become willing to act directly to extract the nation from economic crisis, taking that role back from the central bank.

MMT Is a Logical Outgrowth of the Great Failing of Economics

Gary Marshall, RCM

When Man learned the benefits of trading goods, centers of commerce formed, public administration arose, and civilization commenced and progressed. The need for public goods such as roads and defence led to the establishment of government, which, in turn, sired an inveterate and immense problem that economics has failed to resolve down through the millennia. Many erroneously believe that Public Debt is the culprit in this that imperils a community. How wrong they are. The true threat lies in limitless government. To enjoy the full fruits and prosperity of existence Man must discover the means...

President Biden's Covid-19 Relief Is a Really Big Deal

Eric Levitz, New York Magazine

Joe Biden's COVID-relief bill will pass Congress by Wednesday. The $1.9 trillion legislation will dispense $1,400 stimulus checks, establish a child allowance, slash poverty, improve the ACA, save workers' pensions, and promote full employment.

Time To Be Honest About Carnage Wrought By Lockdowns

Jeffrey Tucker, AIER

Daniela Lamas, a critical care doctor at Brigham and Women's Hospital, has written a terrifying article in the Washington Post. It's about the non-Covid cases of sickness in her hospital. There are older Americans dying of malnutrition, young men drinking themselves to death, others with cancers that could have been treated had they not skipped medical services for a full year, and drug overdoses breaking all records.

Jeff Bezos Will Spend $1 Billion/Yr to Fight Global Warming

Theodore Schleifer, Vox

The Amazon founder also named Andrew Steel, the head of the World Resources Institute, as its first CEO.

Supercilious North Face Gets Its Classic 'Woke' Comeuppance

Steven Milloy, RCM

It's fashionable to slam fossil fuels these days. But the oil and gas industry just had a last laugh of sorts. At the end of 2020, the CEO of the Texas-based oil services company Innovex Downhole Solutions wanted to buy his employees a Christmas present. So he tried to buy 400 jackets with the Innovex logo from outdoor apparel maker North Face. North Face refused the order, saying selling jackets to Innovex was "not consistent with its brand standards" because Innovex is an oil and gas company.

It's Not An Illusion That You Feel Less Econ. Free

Richard Rahn, The Washington Times

The numbers show -- feeling that you are less free is not an illusion.

The Fed Can't Fix Corona-Lockdowns

Brian Wesbury & Robert Stein, First Trust Advisors

Making Sense of Your Tax Refund

Hayden Adams, Charles Schwab

Was your tax refund smaller than in previous years? Did you owe more than usual? Here's why.

Big Market Delusion: Electric Vehicles

Rob Arnott, Lillian Wu, Brad Cornell @RA_Insights

The siren song of a "big market"â?"opened through innovation or disruption, such as the newly beloved electric vehicles marketâ?"lures investors to enthusiastically push up prices of all firms in the industry as if each will be a major winner. The reality is that as competitors in an evolving industry, some will fail. Pricing each company's stock without regard to this fact is the "big market delusion."

Consumer Spending Set to Surge....Or Not

Richard Moody, Regions Bank

A Pullback Largely Driven by Tech & Growth Stocks

Troy Bombardia, Fundamental

Have EM Stocks Lost Immunity to Rising Rates?

Jeffrey Kleintop, Charles Schwab

Should interest rates continue to climb at a more moderate pace, EM stocks may rebound and rise alongside bond yields, as they have done historically.

Message from the Recent Bond Market Turmoil

Kathy Jones, Charles Schwab

The spike in U.S. Treasury bond yields sent ripples throughout global markets.

The Investing Advice I Would Give My 25-Year Old Self

Bayer & Saletta & Volkman, MF

Do you know that old saying that hindsight is 20/20? If we all were able to find a time machine to go back to our mid-20s and start our investing journeys all over again, we know one thing for sure - we'd be very rich at this point in our lives!

Let's Break C19 Tyranny Silence

Don Boudreaux, American Institute for Economic Research

From July 1997 until August 2001 I was president of the Foundation for Economic Education("FEE"). Founded in 1946 by Leonard Read (1898-1983), FEE joined with AIER (founded in 1933) in pioneering, during post-war America, the nourishment and spread of the ideas and ideals of classical liberalism.

Drive-Throughs That Predict Orders? Restaurants Think Fast

Julie Creswell, NYT

Inspired by pandemic lessons that kept customers in cars, chains are adding more lanes and curbside pickup, improving apps and testing menu boards that use artificial intelligence.

The Best Stimulus Would Be Passage 'Abuse of Crisis' Act

Wayne Crews, Forbes

An Abuse-of-Crisis Prevention Act to reaffirm boundaries of politicians and the legislation they can pass in the name of powers voters allegedly delegated to them to address economic shock has become necessary to the survival of limited government.

Close Digital Divide wUniversal Internet Access

Derrick Johnson & Geoffrey Starks, CNN

People of color and low-income communities have been disproportionately harmed by both the Covid-19 virus and the economic recession. It will be hard to ultimately "Build Back Better" unless we first address the racial and economic impact of the digital divide.

Right to Work For Independent Contractors Faces a Big Test

Gerard Scimeca, RCM

This week the United States House of Representatives will face a crucial choice: whether to pass the PRO Act or defeat it. It's a decision that could determine the fate of an entire class of workers—independent contractors. If passed, the bill will spell disaster for these contractors throughout America, stripping them of their job, their right to work as they choose, and, in many cases, their extra source or even mainsource of income. These individuals are not only Uber drivers, but healthcare professionals, , freelance writers, healthcare workers, insurance salespersons, financial...

Wasteful Congress May Be Paving Way to the Next Crisis

Thomas Vartanian, The Hill

There is a lot at stake beyond the immediacy of the devastating effects of the pandemic. Congress may once again be paving the path to the next financial crisis.

Beginning Again...and Again. Joy of Lifelong Learning

Laura Vanderkam, City Journal

A new book plumbs the benefits of learning skills late in life.

Why Comparing Vaccine Efficacy Numbers Can Be Misleading

Umair Irfan, Vox

The best Covid-19 vaccine for you is most likely still the first one you can get.

With Biggest Debt Since WWII, U.S. Thinks It Can Print

Nicole Gelinas, New York Post

According to modern monetary theory, the US government can borrow indefinitely â?" but there's no such thing as a free lunch, Nicole Gelinas writes.

How the Robots Are Coming for Phil in Accounting

Kevin Roose, The New York Times

Workers with college degrees and specialized training once felt relatively safe from automation. They aren't.

Some Thoughts On Why Technology Stocks Are Correcting

Julia Horowitz, CNN

Apple shares are down more than 15% from their January high. Amazon's stock is off 11% from a recent peak in early February. And chipmaker Nvidia has seen its shares plunge nearly 19% since the middle of last month.

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

The Biggest Economic Experiment in History

Ben Carlson, A Wealth Of Common Sense

This is an economic experiment on a massive scale the likes of which this country has never seen before.

Is It Time for Another Convexity Crisis?

David Merkel, The Aleph Blog

The bond market is getting weird.

Pay Toilets & The New York Times

John Cochrane, The Grumpy Economist

Why are there no public toilets in America? The answer is simple but of course the New York Times can't figure it out.

The Heiress, the Queen, and the Trillion-Dollar Tax Shelter

Leah McGrath Goodman, Institutional Investor

An ugly family battle on the island of Jersey spills into the open.

Our Ultimate Stock-Pickers' Top 10 Buys and Sells

Eric Compton, @MorningstarInc

Funds see value in a diverse range of sectors.

How To Become An Intellectual In Silicon Valley

Aaron Timms, The Baffler

If we are to progress as a society, we must give the dreamers and sociopaths of Silicon Valley the space to put received wisdom to the test.

How Hedge Fund Managers Get The Inside Dope

Christine Idzelis, Institutional Investor

Research shows hedge funds have a trading edge following university alumni "mixers."
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