03/02/2021
Today Joseph Calhoun, AP I was told many years ago when I started in this business that it wasn't my job to predict the future. Our job as investors is to properly and accurately interpret the present. I was also tol? |
William Cohan, New York Times A recent legal decision may force Wall Street to think twice before saddling struggling companies with debts they can't handle. |
Eric Nelson, Servo Wealth Management We've seen a considerable turnaround in the performance of value stocks compared to growth stocks in recent months. Keep reading to learn more... |
Mark Gongloff, Bloomberg His investing style is out of vogue, but market ructions could make it relevant again. |
Market Minder, Fisher Our take on the recent jump in long-term Treasury yieldsâ?"and their likely impact on stocks looking ahead. |
Kailey Hagen, MF What if I told you there's a legal way to shield more of your hard-earned cash from the IRS, and the government might actually reward you for taking advantage of it? Well, there is. If you have a little extra cash you won't need anytime soon, you can make a prior-year traditional IRA contribution and reap the benefits now and in retirement. Here's a closer look at how it works and what kind of a difference it can make for your taxes. |
John Tamny, RCM During the media promotion for Big Russ & Me, the late Tim Russert's tribute to a father whom he very much venerated, Russert the son talked with bursting pride about how his sanitation worker father had immense common sense even though he hadn't attended college. Without pretending for a second that university life is where wisdom is attained, Russert's assertion was a false note. He seemed to saying that Big Russ's wise ways were a consequence of a lack of education, and a lack of work success. While blanket dismissal of the insights, morals and ethics offered by the average would be... |
Karl Polzer, Washington Examiner Raising the minimum wage, which has been $7.25 an hour since 2009, is long overdue. A Congressional Budget Office analysis of legislation proposed by Senate Democrats reinforces this case. But the CBO raised a yellow flag. Dialing up wages at the bottom too fast and by too much would cause job loss and price increases. |
Phillip Magness, AIER Three and a half months have passed since we first received news of a highly effective Covid-19 vaccination, yet in all but a few locales the rollout has proceeded at a snail's pace. Part of the lag comes from an understandable push to prioritize the most vulnerable persons for a disease with a pronounced age gradient, yet simply being 65+ is still not sufficient to qualify for a vaccination in many states. |
Rupert Darwall, RealClearEnergy South Australia in 2016; California last year; now, Texas. The recent blackout is a terrible ordeal for Texans but a political disaster for the Biden administration. The president had just signed an... |
Michael Klare, TN To tackle the climate crisis, Biden should build an alliance with China aimed at collective survival. |
Ike Brannon, Forbes Several municipalities are bringing their emergency services "in house," rather than contracting them to a private entity. But such efforts rarely help cities--or the state--save money. Gains from providing fire and emergency services together is overstated & it does nothing to solve pension woes. |
Richard Moody, Regions Bank |
Liz Ann Sonders, Charles Schwab Looking at the latest economic data reveals V-shaped recoveries in many goods-based indicators; while services has more catch-up to do. |
Troy Bombardia, Fundamental Capital What a week it has been! Various markets saw noticeable declines on news of rising yields. The strong upward trend for stocks is finally taking a long-overdue breather and so is extreme sentiment. |
Pat O'Hare, Briefing.com Savings are fuel. |
Richard Moody, Richard Moody |
James Picerno, Capital Spectator The reflation trade remains in high gear. For the moment, it's reasonable to view this trend as a return to the pre-pandemic period, before the coronavirus crisis roiled bonds markets and slashed yields. The question is whether the recent rebound in rates has legs and indicates that there's more to the trend than a return to the pre-pandemic "normal"? Unclear, but the answer is forthcoming in the data, including four key metrics that will likely provide early signals of things to come. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Edward Sullivan & John Baird, USA Today With Biden promising to distribute 100 million vaccines in the first 100 days of his administration, many employers around the country are asking the same question: When can we safely open our offices again? |
Ariel Felton, New York Times In Georgia, low-wage service sector workers and their employers are wrestling with the details, and morality, of a $15 minimum wage. |
Sean Higgins, Washington Examiner As congressional Democrats push to raise the federal minimum wage to $15 an hour, it's worth asking where that figure came from. Why $15 (more than double the current federal rate of $7.25) and not, say, $10, $12, or even $16? |
Steve Cuozzo, New York Post Among the curious responses to the COVID crisis, the weirdest might be the reaction of most NYC restaurant critics to the reopening of indoor dining. |
Kim Iskyan, American Consequences February 26, 2021 - Ever since the U.S. stock market rebounded from its March low last year, many people have pointed out the glaring disconnect between a pandemic-ravaged economy and stocks that continue to soar. |
Debbie Carlson, U.S. News WHEN INVESTORS START their mutual fund research, they often seek out a mutual fund's return rate and compare it to the average mutual fund return of other funds. |
Peter Earle, American Institute for Economic Research In recent days and weeks, Treasury Secretary Janet Yellen has been raising the alarm about what she perceives to be a rising "misuse" of cryptocurrencies, which she argues are used mainly "for illicit financing" by unsavory groups. During her confirmation hearing, Yellen provided some ominous foreshadowing, saying, "I think we really need to examine ways in which we can curtail their use and make sure that money laundering doesn't occur through those channels." Back in December, former Acting Comptroller of the Currency Brian P. Brooks warnedconsumers to expect more crypto regulations before... |
Seth Berenzweig & John Tamny, The Capitol Brief Seth and John talk about the meaning of what shouldn't be a war. |
Preston Caldwell, Morningstar The U.S. economic recovery paused at the end of 2020, but it will soon be ready for liftoff. |
Jeffrey D. Sachs, Project Syndicate Cooperation is not cowardice, as American conservatives repeatedly claim. Both the US and China have much to gain from it: peace, expanded markets, accelerated technological progress, the avoidance of a new arms race, progress against COVID-19, a robust global jobs recovery, and a shared effort against climate change. |
Nick Bilton, Vanity Fair Is the bubble about to burst? Or are savvy investors about to strike it rich? As the cryptocurrency market blows up yet again, even experts can't say. "When you have your neighbors telling you which crypto to buy, something is probably going to go pop pretty soon," one investor warned. |
Kenneth Rogoff, @prosyn In the near term, markets should not be too worried about a possible spike in demand driving up inflation and interest rates, causing asset prices to fall across the board. But longer-term inflation risks are skewed much more to the upside than many investors and policymakers seem to realize. |
Anonymous So now there's a supply problem and companies are scrambling to meet demand. |
Cullen Roche, Pragmatic Capitalism The remainder of 2021 is unlikely to be a fun one for bond investors. |
Anonymous In an attempt to work more effectively, we've accidentally deployed an inhumane way to collaborate. |
Jemima Kelly, Financial Times Well Bitcoin is quite fashionable so they had to say something. So they did. |
, City Journal To allocate new infrastructure spending wisely, legislators need to understand the different ways Americans are getting around. |
Bryce Coward, KLC The title of this post seems rather obvious in light of this week's events, but it's something we have been talking about for months now. Rising interest rates are not kind to tech stocks. |
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