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07/14/2021
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Musk Purchased Ticket From Branson He Couldn't Afford

David Dawkins, Forbes

Galactic has been selling tickets for a $250,000 deposit. Musk bought his back in 2006, Forbes learned.

Rent Prices Surge. Ominous News for Inflation

Henry Olsen, The Washington Post

The only surprising thing about it is that so many experts are surprised.

There's No Escaping Rising Prices For So Much That We Buy

Moira Ritter, CNN

There's no escaping it: Prices are rising across the board, including all the essentials -- food, clothing and shelter.

A Few Hot Categories Skewed the CPI Inflation #

Market Minder, Fisher Investments

Once again, a few hot categories skewed the headline inflation rate.

The Corrupting Influence of Woke Capitalism

Bernard Sharfman & Marc Moore, RCM

Political ideology is now a significant risk factor in corporate governance. This is no more apparent than when the term "woke capitalism" is invoked. The term is used by the political right as a rallying cry to make the public aware that a leftist political ideology has come to taint a business decision of a prominent company and is therefore to be condemned and the company punished. For example, in April of this year, the Georgia legislature passed a new voting law, the Election Integrity Act of 2021, that arguably restricts the voting rights of its citizens. In response, Coca Cola and...

The Myth About Urban 'Hellholes' Just Won't Die

Paul Krugman, New York Times

Why are politicians still contrasting rural virtue with urban vice?

Economically & Morally, More Immigration Is Right

Alexander Salter, The Examiner

The border crisis is a humanitarian disaster. Both parties are responsible. Democrats seem incapable of anything but publicity stunts, as evidenced by Vice President Kamala Harris's recent visit to El Paso, Texas. Republicans indulge in ugly nativist rhetoric, hiding behind law and order…

The National Debt Limit Is a Bigger Threat Than Debt Itself

Robert Bixby, The Hill

The debt limit, as currently structured, has no useful economic or budgetary purpose and carries serious potential risks.

'Externality': No Good Excuse for Mandatory Vaccination

Don Boudreaux, AIER

"That the choice to remain unvaccinated against Covid creates some risks for strangers is indisputable. Yet this fact about this choice does not distinguish it from many other choices with similar consequences, nearly all of which choices, again, do not justify government intervention." ~ Donald...

Biden Aims to Fix Apple's Death Grip On iPhone Owners

Hayes Brown, MSNBC

You can call anyone to fix your sink. The same should be true for your iPhone.

Bitcoin Millionaire Seeks FOI Through the 'Freedom Phone'

Mark Anthony, RCM

We have more technology at our disposal than ever before. We have computers in our pockets more powerful than the computers that put astronauts on the Moon, we have the entirety of human knowledge at our fingertips, and we can communicate with anyone anywhere in the world. Our smartphones are capable, efficient, and fast. So why does it feel like we are suddenly beginning to lose technology options and our freedoms? Even as our technology expands, our number of choices is beginning to shrink. Do you want to buy a smartphone? Your options are essentially just Android or Apple, nothing else...

Books: To Influence, Econ Must Be More Accessible

Allison Schrager, City Journal

A new book argues that economists must reclaim an appreciation for insights from the arts and culture.

June CPI: This Too Shall Pass, But When?

Richard Moody, Regions Bank

4,500 S&P 500....Or Higher?

Brian Wesbury & Robert Stein, First Trust Advisors

IPOs: What Directors Can Learn

Sanjai Bhagat & Srinivasan Rangan, Directors&Boards

Doctors Sanjai Bhagat and Srinivasan Rangan discuss the value drivers of IPO valuation and 3 corporate policy implications for private company directors.

Is This the Start of a Correction?

Ryan Detrick, LPL Financial Research

Market Blog Friday, July 9, 2021

Lockdown Leadership Is Unlikely To Last

Jeffrey Kleintop, Charles Schwab

In the last few weeks, stock market leadership reversed back to lockdown-era defensives as the stock market made new all-time highs.

Assessing the Recovery Across Industries

Binky Chadha, Deutsche Bank Group

Dotplots: Lots of Noise, Any Actual Signal?

Richard Moody, Regions Bank

Why "Cities of the Future" Rarely Foretell the Future

Katrina Gulliver, City Journal

A new book on Henry Ford's dreams for a planned city offers insights into why such visions rarely come to pass.

Liberating Yourself From Financial Lockdown

David Eifrig, American Consequences

Right now, America's finances are on fire and the riskiest move is doing nothing. Don't rely on the government to save you. Save yourself.

As Consumers Fret, Fed Looks Closer at Inflation

Jeanna Smialek, New York Times

Inflation expectations jumped in a survey by the Federal Reserve Bank of New York, as central bankers watch for signs that price gains will last.

It's Time For "Right to Repair" with U.S. Technology

Rep. Joseph Morelle, The Hill

As we work our way towards economic recovery in the wake of COVID-19, we need to give consumers and small businesses a boost, not tie their hands.

On Corporate Tax, Ask Where Revenue Comes From

Tim Worstall, The Examiner

When does a true statement, subject to certain qualifications, find itself so twisted it becomes a lie? When does the truth become mere political propaganda?

Government Needs to Help Low-Income Workers w/Gasoline

Mark Wolfe, CNN

The federal government can play an important role in making sure low-income families are able to afford rising gas prices.

Everyday Prices Continued Surge

Robert Hughes, American Inst. for Economic Research

"AIER's Everyday Price Index posted a seventh straight monthly increase, reflecting a wide range of lingering fallout from government lockdowns. As these issues are worked out, price pressures are likely to ease." – Robert Hughes

Investing Truth: Roughly 80% of Stocks Are "Duds"

Stephen McBride, RiskHedge

RiskHedge—Disruption Research, Disruptive Technology Stocks—RiskHedge helps investors profit from disruption by providing research on the latest breakthrough technologies and the stocks driving them.

State Intervention, Chip Shortage

Peter Earle, American Institute for Economic Research

"An appreciation of modern commerce requires recognizing the ease with which the critical but commonplace can be sabotaged by seemingly innocuous measures. The backbone of all modern technology is currently scarce owing to a medley of state interventions, geopolitical wrangling, and income...

Why Trump's Big Tech Lawsuit Lacks Any Heft

Brad Polumbo, Washington Examiner

Love him or hate him, former President Donald Trump isn't exactly known for his humility or lack of gusto. But the ex-president's latest stunt may get him laughed out of court.

President Biden Has a Bold Plan To Make Products Cheaper

Sara Morrison, Vox

The president's big antitrust push could impact how much you pay for plane tickets and prescription drugs.

Fisher Investments on Election-Year Uncertainty: This, Too, Shall Pass

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 Five-Day Workweek Is Dead

Anna North, Vox

It's time for something better.

Too Smart

Morgan Housel, Collaborative Fund

Smart people don't always have the right answers.

The Stablecoin Illusion

Barry Eichengreen, Project Syndicate

An obscure corner of the digital sphere that was poorly understood two years ago is now subject to increasingly intense scrutiny by central bankers, regulators, and investors. Unfortunately, more intense scrutiny has not necessarily meant better understanding.

The Costs That Matter for Investors

John Rekenthaler, Morningstar

For most investors, ongoing expenses are much more important than transaction costs.

California Fleeing

Joel Kotkin & Wendell Cox, City Journal

Some deny the Golden State's demographic decline, but data make it hard to ignore.

People Are Pretty Pessimistic About Stocks

Sam Ro, Axios

The average consumer thinks it's unlikely the stock market will be higher 12 months from now.

The Importance of Community

Joshua M Brown, The Reformed Broker

Community is such a powerful driver of activity because of how desperate we are to connect with one another.
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