03/23/2021
Today John Tierney, CJ Now that the 2020 figures have been properly tallied, there's still no convincing evidence that strict lockdowns reduced the death toll from Covid-19. But one effect is clear: more deaths from other causes, especially among the young and middle-aged, minorities, and the less affluent. |
Constance Grady, Vox How capitalism and the pandemic destroyed our work-life balance. |
Ira Stoll, New York Sun The governor of Florida, Ron DeSantis, in a piece for the Wall Street Journal about lessons learned from the pandemic year, writes, "Lockdowns proved a huge boon to America's corporate media, which primed its captive audience with fear and partisanship. Everything the corporate press did regarding Covid coverage was inseparable from its yearslong obsession with attacking Donald Trump." |
John Tamny, RCM Imagine a politician running for local or national office with a promise to promote policies inimical to economic growth. It's a waste of words to say that such a politician would face long election odds. More realistically, this person shouldn't even be referred to as a politician. Think about it. Politicians tell us what we want to hear, at least somewhat. Someone promising contraction doesn't rate the descriptor of politician. Plain and simple. |
Alex Pollock, Law & Liberty Although government debt is a favored investment class all over the world, it has a colorful history of over 200 defaults in the last two centuries, which continue right up to the present time. |
Gary Marshall, RealClearMarkets 200 plus years ago a bright fellow by the name of David Ricardo posed a very unusual idea. He claimed an equivalence existed between Taxation and Borrowing; that it made no difference if a community had its government tax or borrow from resident citizens to fund public expenditures. Though he may have lacked the tools to fully explain why, Mr. Ricardo was indeed correct. |
Andy Puzder, National Review While there are certainly inflationary risks on the horizon, it would be a mistake for the Fed to act prematurely. |
Seth Stevenson, Slate It's trying to offer something Amazon and Spotify can't. |
Seth Levine, The Integrating Investor |
Paul Katzeff, Investor's Business Daily Mutual fund managers saw their reflexes tested last year when the coronavirus touched off a steep market correction and then ignited a sharp upturn fired by biotechs, tech stocks and other pandemic plays. The good news for shareholders is how many of the best mutual funds passed the test, as managers used their stock-picking skills to beat the market. |
Joseph Calhoun, Alhambra The SLR exemption is ending! The SLR exemption is ending! Doesn't exactly roll off the tongue, does it? There has been rampant speculation the last few weeks about the fate of the exemption the Fed provided banks a year ago with regard to the Supplemental Leverage Ratio that allowed them to ignore Treasuries and reserves. The |
Market Minder, Fisher A chart collection of sectors and industries most pundits assume are very reliant on reopening the economy raises the question: How much reopening isn't baked into stock prices now? |
Ryan Detrick, LPL Financial Research Monday, March 22, 2021 Top Story |
Richard Moody, Regions Bank |
Richard Moody, Regions Bank |
Pat O'Hare, Briefing.com It's amazing how people can sometimes look at the exact same picture and see entirely different things. That's art we suppose, or maybe it's an NFT. Anyway, we digress. It's also interesting how market participants can hear the same thing but have an entirely different take on what was heard. That captures the essence of the disparate reactions by the stock and Treasury markets to the latest FOMC decision and press conference. |
Nicole Gelinas, Manhattan Institute The Covid-19 pandemic last year altered New Yorkers' normal transportation habits on a scale not seen since the subway first opened in 1904â?"ushering in an era of underground mass transitâ?"or since the Triborough Bridge opened in 1936, and the city entered the automobile age.A year into the... |
Richard Moody, Regions Bank |
Jonathan Turley, The Hill Her levies would make those with funds want to leave. |
Theodore Schleifer, Vox The crypto billionaire gave millions to the Future Forward super PAC and to support effective altruism. |
Tiffany Li, MSNBC Why NFTs and cryptocurrencies like bitcoin are so bad for the planet |
E.J. McMahon, New York Post The Democratic super-majorities in the state Assembly and Senate want to raise $7B or $8B more in new taxes â?" mostly from a few thousand multimillionaire earners who already generate a disproportionately large share of the state's revenue. |
Ann Carrns, The New York Times For eligible people, H.S.A.s accept pretax contributions that grow tax-free and aren't taxed if spent on qualifying expenses. But they're underused, experts say. |
Joakim Book, Am Inst for Economic Research I don't like governments. I don't like how they are set up, how they're ruled, how their existence furthers a one-size-fits-all approach to complicated social problems, or how they distort markets and behavior when they grab a share of every productive economic activity that they can spot. I don't like how they're the antithesis of liberty, and I particularly don't like how their services - almost always and everywhere - are subpar. |
Trish Regan, American Consequences As many Americans get vaccinated and head back to work, this stimulus spending appears to be too much, too late. |
Larry Kudlow, FoxBusiness Director of Economic Freedom at FreedomWorks John Tamny weighs in on coronavirus lockdowns, arguing politicians should never have closed the economy |
Ana Swanson, NY Times Like its predecessor, the Biden administration has largely dispensed with the idea of free trade as a goal in and of itself. |
Michael Spence, Project Syndicate The accelerating rollout of COVID-19 vaccines in many advanced economies has set the stage for rapid recovery in the second half of this year and into 2022. Although growth in digital and digitally enabled sectors will level out somewhat, high-employment service industries will ride a wave of pent-up demand. |
John Rekenthaler, MStar Better that fund companies hire on merit than familiarity. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Howard Husock, City Journal A bipartisan bill is seeking to expand the charitable tax deduction to lower-income individuals. |
Charles Marohn, CNN The projects most likely to meet all of the administration's goals will need to be small, incremental and city-focused. |
Patrick Byrne & Sylvain Broyer, Project Syndicate Central banks are clearly not responsible for today's investment decisions, but the longer their market support continues, the riskier the search for yield may become. Monetary policymakers and credit investors alike are facing an unenviable dilemma. |
J.D. Tuccille, Reason Free people and free markets reduced poverty in the past and are capable of doing so again. |
Nicolas Rabener, Enterprising Investor The relationship between earnings and equity returns is more illusion than reality. |
Tom McKay, Gizmodo The top Democrat on the House Judiciary Committee panel on antitrust says that legislators are preparing a slate of many smaller pieces of legislation rather than one huge bill in a strategy to defeat the tech industry's formidable lobbying machine. |
David S. Wills, Quillette On March 21st, 1971, Hunter S. Thompson and Oscar Zeta Acosta arrived in Las Vegas to cover the Mint 400 desert rally for Sports Illustrated. |
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