06/21/2021
Today Charles Gasparino, New York Post The Biden administration is appointing 'woke' progressives Lina Khan and Karl Racine into important market regulation positions — just to punish juggernaut companies like Amazon, … |
Edward Fox & Zachary Liscow, The Hill The public's predisposition against taxing unsold gains suggests looking at other taxes that fall on the capital income of the rich. |
Andrew Wilford, RCM One would think that an attempt by foreign countries to aggressively target American-based businesses for special taxes would sound the alarm for any president seeking to help our economy recover from the COVID-19 crisis. Unfortunately, President Biden's response to aggressive actions by foreign countries to impose new "digital taxes" on innovative American companies has been so unthreatening that there is little chance our European counterparts will take it seriously. European countries have for years salivated at the thought of getting a bigger share of the tax revenues from largely... |
John Tamny, Forbes Good money is a stable measure of value, and right now government money isn't living up to its billing. Neither is Bitcoin. |
Alex Pollock, RealClearMarkets Pity the poor members of the Federal Open Market Committee! These Federal Reserve Board Governors and Federal Reserve Bank Presidents all know in their hearts, for sure, each one, that they do not and cannot know the financial and economic future—that they do not and cannot know, among other things, how bad the current hot inflation is going to get, or how long it will last. Yet they are forced to make forecasts and statements published all over the world about things they cannot know. Their statements move markets and influence behavior, so they have to guess and worry about not only... |
William Baldwin, Forbes Inflation is already at 5% and probably headed higher. What are you going to do about it? |
Anneken Tappe, CNN The US economy has come a long way since last year's devastating downturn. But a return to "normal" may not be possible. |
Jeffrey Tucker, RealClearMarkets There was never anything remotely resembling a consensus for lockdowns in any broad circle of academic opinion. Not in epidemiology. Not among medical practitioners. Not among political scientists. And certainly not among economists. However, we were told otherwise. Daily. For a full year. |
David Davenport, Washington Examiner Longtime Speaker of the House of Representatives Tip O'Neill might once have been right when he said, "All politics is local." These days, one wonders. |
Elena Botella, Slate Invitation Homes bought 90 percent of the homes for sale in some ZIP codes in Atlanta in the early 2010s. |
Michael Hiltzik, Los Angeles Times A counterbalance to the risky and speculative culture on Wall Street: a centuries-old firm you've never heard of. |
Catherine Brock, Motley Fool Learn the easy way to retire wealthy. |
Liz Ann Sonders, Charles Schwab It's been a highly-rotational stock market this year in terms of leadership; with aggressively-speculative themes peppered in. Remember, neither FOMO nor HODL are investment strategies. |
Liz Ann Sonders, Charles Schwab The Fed kept rates unchanged, but updated median projections from the FOMC show two rate hikes likely by the end of 2023. |
Derek Bergen, Applied Finance While Applied Finance has long advocated for investors to consider the strategic advantages from incorporating a valuation-based discipline in portfolio construction and stock selection, this study provides compelling evidence that even passive allocations benefit when index weights are formed on intrinsic value characteristics instead of using market cap as a proxy. |
Richard Moody, Regions Bank |
Brad McMillan, Commonwealth Financial With inflation a concern, what should we expect from the Fed? Commonwealth CIO Brad McMillan says despite the headlines, the Fed will likely sit tight. |
Richard Moody, Regions Bank |
Kathy Jones, Charles Schwab We see the recent plateau in yields as a pause before the next wave higher. |
Jeff Sommer, New York Times While major oil companies have been losing public battles over climate change, energy stocks and oil prices are soaring. |
David Messler, OilPrice.com The level of capital investment in oil exploration and production in the last few years has been far too low, and now it is likely too late to avoid a supply crisis |
Saikat Chatterjee, Reuters A hawkish shift from the Federal Reserve has woken up a slumbering dollar, sending the U.S. currency to its highest level in months and stoking expectations that an unwind of bearish positions could fuel more gains. |
John Rekenthaler, Morningstar Expect 7.5%. |
James Picerno, Capital Spectator Wednesday's policy meeting was supposed to be a non-event. |
Eric Posner, Project Syndicate A growing debate over the scope and purpose of US antitrust law has pitted traditional technocrats against an ascendant movement that is demanding stronger legislation and more aggressive enforcement. At stake are not just questions of pricing or output, but the proper functioning of American democracy. |
Justina Lee, BusinessWeek Automated protocols running on the internet are paying traders to provide liquidity for unregulated, decentralized markets. |
Alexander W. Salter, AIER We know all too well that when it comes to bureaucratic mission creep, it's incredibly difficult to put the genie back in the bottle. |
Michael Johnston, Evergreen Gavekal One of the unexpected, world-defining events of the past year has been the global shortage of semiconductor chips. |
Thomas L. Hogan, AIER In the Fed's current floor system, the rate of IOR is the key tool of monetary policy. If the Fed raised the rate of IOR, then it raised interest rates. |
John Osterhoudt, Reason Dr. Lee Gross' direct primary care practice takes the complexity and unaffordability out of health care. |
Bill McBride, Calculated Risk My Spidey senses are tingling again, however it isn't obvious why this time - or what the outcome will be. |
Cullen Roche, Pragmatic Capitalism What's transitory and what's not? |
Matt Egan, CNN Bidding wars. All-cash offers. Homes selling for $1 million over asking. The housing boom has officially reached the ridiculous stage. |
James Picerno, The Capital Spectator Federal Reserve Chairman Jerome Powell admitted in yesterday's press conference that if inflation runs hotter for longer than it expects, the central bank would react accordingly by adopting a more hawkish stance. But for now, that scenario remains a low-probability scenario, he says. |
|
|
|
|
