06/29/2021 Today
Ken Fisher, RealClearMarkets Have you noticed Washington's newest magic trick—The Incredible Shrinking Tax Hike? Since President Biden officially released his slate of proposed domestic and global tax increases, he has spent much of his time walking them back and forward … and back … and back, wooing much-needed moderate Democratic and Republican support. At this rate he could be pitching tax cuts by late October as the new fiscal year dawns and the 2022 election cycle kicks into gear. Pundits initially paranoid of far-flung, extreme scenarios now struggle incomprehensibly with what stocks knew all along:... |
Zachary Carter, New Republic The famed economist's theories were embraced by Beltway power brokers in both parties. Finally, a Democratic president is turning the page on a legacy of ruin. |
P.J. O'Rourke, American Consequences P.J. O'Rourke delves into Biden's "American Jobs Plan," coming to the conclusion that its creators need to seek another form of employment. |
Jerusalem Demsas, Vox This is why the US can't have nice things. |
Ira Stoll, The New York Sun Will the end of extended and enhanced unemployment benefits push people back to work? The answer apparently depends on what newspaper you read. The Wall Street Journal offers a definitive "yes." Under the print headline "Benefits' End Spurs Return to |
Stephen Moore & Alfredo Ortiz, RCM Inflation is accelerating -- every consumer in the country feels it every day. If there is any economic sense left in Washington, the rising inflation threat should grind President Biden's big-government spending plans to a halt. Federal Reserve officials have called inflation "transitory," but what if they are wrong? The public is clearly worried. According to a new Harvard CAPS/Harris poll released this week, 85 percent of Americans are concerned about inflation. For good reason. Last month, the Consumer Price Index rose at its fastest level since 2008. |
Joe Calhoun, Alhambra Freedom is the freedom to say that two plus two make four. If that is granted, all else follows. George Orwell, 1984 I have said many times and believe deeply that our job as investors is not to predict the future but merely to interpret the present as accurately as we |
Abram Brown, Forbes Cryptocurrency haters have found a home—and common cause—trashing the volatile asset class and wishing for its demise. |
David DesRosiers, RCF Trusted – Balanced – Independent: Support RealClearFoundation's Summer Campaign By David DesRosiers, President, RealClearFoundation A series of narratives, once... |
Susan Garland, New York Times Women tend to live longer than men, so they need as much retirement income as possible. Whether you're 30 or 60, here's what you need to know. |
Pamela Foohey, Dalie Jimenez & Christopher Odinet, Hill Now is the moment for policymakers and financial regulators to learn from their mistakes during the Great Recession in leaving people on their own to determine how to manage their debts. |
Donald Boudreaux, AIER "Pouring salt into this economic wound, a minimum wage – by pricing these workers out of jobs – prevents them from getting the skills and experience that would enable them tomorrow to bargain for better jobs." ~ Donald J. Boudreaux |
Rob Arnott, Vitali Kalesnik & Lillian Wu, Research Affiliates Tesla entered the S&P 500 Index on December 21, 2020. Over the next six months, AIV, the stock deleted to make way for TSLA, outperformed TSLA by a stupendous margin—exactly as we expected, based on our research. Index rebalances impose a variety of costs on investors. Smarter index design could go far to mitigate these costs. |
Michael Iachini, Charles Schwab An index ETF-only portfolio can be a straightforward yet flexible investment solution. |
Benjamin Yount, The Center Square (The Center Square) – The latest snapshot of Wisconsin businesses once again shows there are a lot of open jobs and not a lot of people to fill them. |
Jeffrey Kleintop, Charles Schwab It's possible that good data could be interpreted as bad news for U.S. markets in the near-term as strong economic data could prompt the Fed to unwind earlier. |
Richard Moody, Regions Bank |
Various, American Bankers Association |
Richard Moody, Regions Bank |
Sarah Estelle, Hill Shortages of workers are real, but only persistent where government policy makes it harder to alleviate them. |
Patricia Cohen, NYT Missouri scrapped federal pay to the unemployed, saying it kept people out of the labor market. But so far, workers still seem to be choosy. |
Christopher Barnard & Thomas Hochman, Examiner In mid-February, winter storms swept across Texas, crippling the state's electrical grid amid subzero temperatures and skyrocketing energy demand. Texans went without power for days while businesses suffered billions in damages. Over 100 people lost their lives. |
Anne Helen Petersen, Vox Upward mobility is common for the millions who come to the US. But there's a lot more to the story. |
Steven Malanga, City Journal Despite budget surpluses, Massachusetts Democrats plot a giant increase on wealthy residents. |
Maurie Backman, Motley Fool It's hard to spot problems like a leaky roof or foundation issues when you tour homes virtually instead of in person. Don't make this costly error. |
Shawn Tully, Fortune The May increases for all four price tiers of residential real estate are the highest monthly figures ever recorded in the American Enterprise Institute's nine years of data. |
Seth Berenzweig & John Tamny, Capitol Brief Seth Berenzweig and John Tamny discuss United Airlines order for supersonic jets from Boom Technologies |
Herbert Hovenkamp, ProMarket Some of the bills currently debated in Congress regarding Big Tech could affirmatively harm competition, hurting both consumers and labor. |
John B. Taylor, Project Syndicate As in the stagflationary 1970s, the US Federal Reserve is once again denying that its own policies are the reason for a recent surge of inflation, even though there is good reason to think that they are. It is not too late to learn from past mistakes and reverse course – but the clock is quickly ticking down. |
Keonhee Kim., Morningstar Whether you're new to the market or not, there's a lot to learn from Berkshire Hathaway's leader. |
Jeanna Smialek, New York Times A longtime leading man of economics is no longer making America's policies. He's still driving a critical conversation around them. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Anne O. Krueger, Project Syndicate With the US Innovation and Competition Act of 2021, America is fully embracing industrial policy as the all-encompassing solution to a wide range of economic, social, and strategic problems. But all of the objectives articulated in the bill could be achieved more effectively by other means. |
Andrew Sansone, Quillette How are we to understand the apparently paradoxical attitudes of Generation Z (the cohort born between 1997 and 2012) towards socialism? |
Christine Benz, Morningstar Reviewing your year's performance so far, and positioning yourself for the future. |
William Yeatman, Reason The hasty work behind the PPP and other relief loans shows the limits of big government. |
Ben Carlson, A Wealth Of Common Sense Some market-related stats I've been compiling for a while. |
Vincent Deluard, Evergreen Gavekal Go to China for bonds and the US for stocks. |
Christian Britschgi, Reason San Francisco politicians are raising eyebrows at the high costs of an emergency program that provides secure camping sites to the city's homeless. | |
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