09/15/2021
Today

The Crucial -But Unsung - Meaning of FDA Departures

Jeffrey Tucker, Brownstone

How significant is it that the two top FDA officials responsible for vaccine research resigned last week and this week signed a letter in The Lancet that strongly warns against vaccine boosters? This is a remarkable sign that the project of government-managed virus mitigation is in the final stages before falling apart.

Businesses Mad About Biden's Covid Rules Need to Shut Up

Gene Marks, Hill

These are not big or even costly asks, compared to the demands on businesses made by other governments over the centuries.

Biden Will Find His Watered-Down Tax Plan Tough to Pass

Market Minder, Fisher

Watered down from earlier chatter, the framework still faces a tough road to passing.

AOC Wants to Tax Rich, Some Dems Want Provide Breaks

Tom Joyce, Examiner

Rep. Alexandria Ocasio-Cortez wants to raise taxes on the rich.

Venezuela: Inconvenient Truth For the Fed and GDP Focused

John Tamny, RCM

The economics profession is captive to endless fallacies, but arguably the most ridiculous of them is the idea that money creation instigates economic growth. As a consequence, politicians and mystical economists have focused endlessly on "the Ms" and other money measures over the years; the belief being that that a planned increase of the various monetary aggregates care of central banks would result in a specific GDP outcome. Reducing "monetarism" to its absurd basics, the recipe for economic growth is "just add dollars." The problem is that the view is backwards. Where there's production...

Why Working-Class Parents Don't Buy What D.C. Is Selling

Patrick Brown, NYT

In focus groups, many said work is the price of admission for eligibility for government benefits like the expanded child tax credit.

Small Dollar Loan Cap Would Cruelly Limit Small Loans

Wayne Abernathy, RCM

Who deserves a loan? Is there an answer more fundamental than, someone who is likely to pay it back? The challenge is figuring out who that might be. Finding the answer can cost you. Not finding the answer can cost, too, for it means economic opportunity lost, for individuals and for the nation overall. Consider short term, small dollar loans. These can be the most expensive for a lender to make, precisely because of the cost of identifying the good risks. Lenders report that analyzing borrower risk, together with basic costs of making, processing, and collecting repayment can run to...

What If We Had Class War and Nobody Really Noticed?

Jonathan Chait, New York

Biden's Washington is a huge fight over whether trillions go to the rich or the working class.

Red Light Robberies All Across U.S.

James Bovard, Am Institute for Economic Research

"'Taxation by citation' is a license for bureaucratic tyranny. How much longer will local politicians be permitted to plunder drivers and subvert safety with impunity?" ~ James Bovard

Financial Privacy Dodged a Biden Bullet....This Time

Rep. Warren Davidson, RCM

This past May, the Department of Treasury issued their General Explanations of the Administration's Fiscal Year 2022 Revenue Proposalswhich contained new Biden Administration policy proposals aimed at furthering Biden's tax--spend-inflate agenda. While excessive spending and an ongoing tug-of-war over the tax code has become routine, one Internal Revenue Service reporting proposal was truly jaw-dropping. Treasury's proposed comprehensive financial account information reporting regime may sound benign, but this proposal would mandate financial institutions report gross inflows and outflows...

What Inflation Would Mean for Tech: Gavin Baker Int

Christoph Gisiger, The Market

Gavin Baker, founder of Atreides Management, sees inflation setting the tone for financial markets. The influential tech investor says what rising prices would mean for the sector, what's next for the super-cycle in the semiconductor industry, and why the record number of new stock issues is creating attractive opportunities.

The Most Realistic Paths to Retiring With $1 Million

Selena Maranjian, Motley Fool

Becoming a millionaire may be much more achievable than you thought. Here's how to do it.

Some Thoughts On Best Historic Inflation Hedges

Jerry Bowyer, Vident Financial

Has the US entered a period of elevated inflation? And if so, would investors be wise to investigate which investments act as inflation hedges?

Does August CPI End the Great Inflation Scare?

Richard Moody, Regions Bank

Stocks Versus the Economy

Brian Wesbury & Robert Stein, First Trust Advisors

Inflation And Fiscal Policy

John Cochrane, The Grumpy Economist

The effect of monetary policy on inflation depends crucially on fiscal policy.

Primary Ways Financial Planning Can Help

Rob Williams, Charles Schwab

Here are five ways having a financial plan can help you.

A Long Road Back to Normalcy

Brad McMillan, Commonwealth Financial Network

Despite a recent rally for the markets, Commonwealth CIO Brad McMillan says we may see volatility ahead.

Why Rents Are Rising Rapidly & What Comes Next

Bill McBride, Calculated Risk

What is happening? Why? And what will happen.

Does Market Care About Ethical Investment?

Sanjai Bhagat & Todd Zywicki, The Hill

Washington regulators and corporate America are rushing to adopt new corporate environmental, social and governance (ESG) policies.

A Better Way to Help America's Unemployed

Kathryn Anne Edwards, New York Times

The structure of unemployment insurance is broken and does little to help those who pay into it.

Speculating On Possible Causes of a Future Financial Crisis

Alex Pollock, L & L

Alex J. Pollock outlines seven possible scenarios where we could have the next financial crisis.

As U.S. Withdraws From Middle Wast, Saudi On Edge

Cyril Widdershoven, OilPrice

The chaotic withdrawal of the U.S. from Afghanistan put many U.S. allies in the region on edge, and it seems that they have every right to be as Biden continues to withdraw from the region

Downtown's Post 9/11 Rebuild Exposed Gov't Inefficiency

Nicole Gelinas, NYP

The next step in normalcy, after clearing the pit of human remains and debris, would be setting aside space for a memorial, and rebuilding. We were lucky: We would see it happen. How long could it …

U.S. & World Econ. Freedom Heading In Different Directions

Ian Vasquez, Cato

A decline in freedom stateside.

Why Experts Fail Even When Right

A. Carden, American Institute for Economic Research

"Like experts on energy efficiency don't know where to set your thermostat, experts on health risks don't know which bundle of risks and precautions is the right one given your goals and values." ~ Art Carden

Why Stocks Could Be In for a Back-to-School Reality Check

Julia Horowitz, CNN

After notching heady gains this year, US stocks could be in for a back-to-school reality check.

20 Years Later, We Remember the 9/11 Tragedy

Market Minder, Fisher Investments

On the 20-year anniversary of 9/11, we reflect on what America lost—and didn't lose.

What to Factor In Pursuing Rental Mortgage

Casey Bond, U.S. News & World Report

Now could be a great time to become a landlord. Mortgage rates have been hovering near historic lows, and though recent economic uncertainty has a lot of potential homebuyers thinking twice about taking on a mortgage, rental income could be a great way to pad your finances against ongoing turbulence.

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

Fisher Investments Editorial Staff, Fisher Investments

Ken Fisher on Nixing the VIX

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

Inflation Panic? Don't Tell The Bond Market

Jamie Powell, FT Alphaville

Bonds and inflation have parted ways.

5 Stock Market Divergences to Keep an Eye On

Bryce Coward, Knowledge Leaders

Stocks are running well ahead of the economy.

Stay Skeptical On Inflation

Scott Grannis, Calafia Beach Pundit

With today's release of the August CPI, it looks on the surface as if inflation is moderating, much as the Fed has been hoping. But it will pay to stay skeptical.

A Time for Prudence?

Charlie Bilello, Compound Advisors

Investing is never easy, but there's no denying that the last 10 years in U.S. equities have been a far smoother ride than most of history. How do we define "smoother"? In layman's terms: higher returns with lower risk.

The D'Amelio Kids Are Not Alright

Rebecca Jennings, Vox

Their new show on Hulu shows the great American paradox of winning the fame lottery.

When Active Investing Actually Makes A Difference

John Rekenthaler, MStar

The curious case of target-date funds.

Why Financial Manias Persist

Ben Carlson, A Wealth Of Common Sense

It's entirely possible the internet has created an environment in which mini-manias occur more regularly than they did in the past without creating a situation in which everyone collectively loses their minds. So we could have mini-bubbles that blow and pop without causing as much serious damage as when they were more widespread.
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