06/08/2021
Today Jeffrey Tucker, RealClearMarkets Getting through the 3,000 pages of Dr. Fauci's emails is a slog. I admit that I've not completed the task because I'm really trying my best to piece together the timeline. I'm still unclear how it is that he went from being more-or-less rational on the topic of Covid-19, which he still was up to about February 26, 2020, to becoming a champion of panic and lockdown only a week or so later. At that point, he stopped all talk about the 1,000-fold difference between the risk to the young and the risk to the elderly with comorbidities. There was no more talk about how young people are mostly... |
Dan Hannan, Washington Examiner When did we decide that big businesses were our moral arbiters? Yes, companies have legal personality, but until around six years ago, the idea that they might have collective opinions would have left us utterly bewildered. |
John Cassidy, New Yorker Many American workers are seeing the biggest pay gains in decades. |
Joseph Calhoun, Alhambra Investments We got another disappointing employment report last week. Well, that's what everyone said anyway, that the complete WAG by the BLS that the US economy added 559,000 jobs in May was below expectations and disappointing. I suppose it is a tad disappointing but I find it hard to lament the fact that a |
Heidi Shierholz, New York Times The latest jobs report shows just how misguided their plans to cut unemployment benefits are. |
John Tamny, AC Recessions signal recovery on the way. In 2020 politicians simply asphyxiated the economy. Let's not insult recessions by pretending 2020 was recessionary. |
Nancy Tengler, USA Today AMC stock has soared nearly 2,600% year-to-date even though the theater chain's revenues in 2020 dropped 46% below 2012. Gamestop is also too high. |
Emily Brandon, U.S. News & World Report You can save for retirement in a 401(k) plan and an individual retirement account at the same time. Both types of retirement accounts allow you to defer paying income tax on your retirement savings, and contributing to a 401(k) and IRA could allow you to significantly reduce your tax bill. However, high earners may not be able to claim a tax deduction on contributions to both types of accounts in the same year. |
Nolan Gray, City Journal Better to help homeowners by expanding supply. |
Jerusalem Demsas, Vox Houses are getting more and more expensive. There's a simple fix for that. |
Donald Boudreaux, Am. Inst. for Economic Research "How I wish that I could make more visible – literally visible – to the eye the economy's teeming, streaming, pulsing, gargantuan – yet almost completely invisible and silent – interconnectedness and complexity. The person who paints such a picture would provide a great service to humankind." ~... |
Kirk Arner & Harold Furchtgott-Roth, RCM Much has been made about "the big lie" in contemporary politics. But what about tech policy? Remember when the FCC's 2017 repeal of "net neutrality" rules was going to make the Internet load "one word at a time?" When it was going to "destroy everything that makes the internet [sic] great?" When it was on a path to hasten the death of the Internet? These and more were the prognostications of countless "net neutrality" proponents at the time. |
Peter Hooper, Deutsche Bank Group |
Richard Moody, Regions Bank |
Richard Moody, Regions Bank |
Liz Ann Sonders, Schwab Peak growth rates for the economy and earnings are likely behind us, setting the economy up for a boom-settle scenario in the second half of the year. |
Brad McMillan, Commonwealth May marked a transition back to normality. How will this success affect us in June? Commonwealth CIO Brad McMillan considers a fitting end to the pandemic. |
Ryan Detrick, LPL Financial Research Market Blog Wednesday, June 2, 2021 |
Charles Gasparino, New York Post BlackRock CEO Larry Fink is boarding the environmental-activism train for immense profits, as long he's the one creating the ESG (environmental, social and corporate governance) funds that are all … |
Kara Swisher, The New York Times The C.E.O. — and the rest of us — are paying the price. |
Kim Iskyan, American Consequences Even though many CEOs are of less use than a discarded paper bag, their reign of sky-high salaries seems to persist -- until now. |
Brian Riedl, Daily Beast Before hiking taxes on the wealthiest Americans, start by slashing the spending that goes to them. |
Rainer Zitelmann, Washington Examiner For years, anti-capitalists have been highlighting what they see as the ever-increasing influence of a small financial elite over American politics. But if money alone did buy political power, Donald Trump would not have become the Republican presidential nominee in 2016. |
David Guenthner, Hill Giving state governments hundreds of billions of federally borrowed dollars will enable ill-conceived spending that costs taxpayers twice. |
Julia Horowitz, CNN New investors bought into cryptocurrencies this year looking to make some quick money or to avoid missing out on the next big thing. Now, on the heels of their first big selloff, some are swearing off crypto investing for good, while others are determined to hold on |
John Loughlin, The John Loughlin Show I haven't highlighted passages in years. I did with this book. |
Ben Casselman, New York Times The ebbing of the pandemic has brought price increases, supply bottlenecks and labor shortages. Key indicators will show whether it's just a stage. |
Kenneth Rogoff, Project Syndicate Although prominent cryptocurrency advocates are politically connected and have democratized their base, regulators simply cannot sit on their hands forever. Malicious ransomware attacks targeting growing numbers of firms and individuals could prove to be the tipping point. |
Daniel Lippman, Politico Amazon Web Services is snapping up former government officials who can help them gain access to lucrative federal contracts. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Morgan Housel, Collaborative Fund If expectations grow faster than income you'll never be happy with your money. One of the most important financial skills is getting the goalpost to stop moving. It's also one of the hardest. |
Eyal Shahar, Medium Not a shred of doubt |
Ed Yardeni, Dr. Ed's Blog The current business cycle has been unprecedented. |
Casey Carlisle, UncleNap.com Wake up, and imagine the tragic political reaction if witless U.S. politicians had discovered China as the source in March of 2020. |
Matthew Panzarino, TechCrunch This email shows why Apple is still dominant. |
Rebecca Heilweil, Re/code Two weeks after leaving his Amazon CEO post, the billionaire is leaving Earth. |
John Cochrane, The Grumpy Economist If massive deficits, including lots of "infrastructure" are going to boost the US economy, why did they not do so for Japan? |
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