03/31/2021
Today P.J. O'Rourke, American Consequences PJ O'Rourke dissects the disparities between economic success and personal liberties internationally, i.e., "Does money make you free?" |
Mark Pryor, New York Times Roosevelt's choice to run the antitrust wing of the Justice Department, Robert Jackson, took just 14 months to change the country. |
Alexander Salter, Washington Examiner The federal government has spent an enormous amount of money fighting COVID-19. |
Sarah Hansen, Forbes The president is looking to collect hundreds of billions of dollars in taxes from big companies to help finance his ambitious spending proposals. |
James Bovard, AIER "Nowadays, the federal government is controlling almost everything except itself. Instead of economic salvation, Biden offers standard D.C. issue 'no-fault pseudo-benevolence.' How many more trillion dollars will America waste for another Beltway 'triumph of hope over experience?'" ~ James Bovard |
Chris Talgo, The Hill MMT advocates claim they have the secret recipe to avoid the pitfalls of currency debasement and mountains of debt. |
John Tamny, RCM Centuries ago John Stuart Mill made the essential point that no act of saving ever shrinks demand. And for centuries demand-side economic thinkers have been ignoring this basic truth. Of the misconception that consumption drives economic growth, they've viewed the act of saving with terror. Their emotion has long been well overdone. Hysterically so. |
Matthew Haag, New York Times New York City, long buoyed by the flow of commuters into its towering office buildings, faces a cataclysmic challenge, even when the pandemic ends. |
Gary Marshall, RealClearMarkets Many are resigned to the belief that salvation from the perpetual destruction of wealth, property and life by those directing ruinous government is a myth. But, an end of government tyranny is within our grasp, and a little exercise in thought and reason should reveal the solution to all our economic ills and slay this monster forever. I have detailed two facts in Public Finance that most in the field ignore perpetually and inexplicably. The first: that government is in deficit to the whole of its expenditures, that it has no money or funds with which to pay its bills, that taxpayers, rather... |
Derek Bergen, Applied Finance Group With massive stimulus and deficit spending, rising inflation concerns have become a concern for investors. It is often assumed that higher levels of inflation bode well for the relative performance of value stocks. We explore the relationship between inflation and value stocks and why this link may not be as strong as investors might think. Navigating allocation decisions in the face of rising inflation requires more careful stock selection than the current set of passive investment vehicles or factor-based alternatives are equipped to deliver. |
Alex Kirshner, Slate Not GameStop. Not SPACs. Not NFTs. Not even the big stuck boat. |
Market Minder, Fisher Investments Fears of a single fund's problems infecting the broad stock market proved false. |
Ryan Detrick, LPL Financial Research Market Blog Tuesday, March 30, 2021 |
Brian Wesbury & Robert Stein, First Trust Advisors |
Brad McMillan, Commonwealth Commonwealth CIO Brad McMillan takes a look beyond the headlines of the Archegos story, including what effect it may have on the markets and investors. |
Pierre Lemieux, Cato Institute Could he be even more anti‐market than Donald Trump? |
Dan Mitchell, International Liberty I get asked why I frequently criticize Republicans. My response is easy. I care about results rather than rhetoric. And while GOP politicians often pay lip service to the principles of limited gove… |
Liz Ann Sonders, Charles Schwab |
Ryan Detrick, LPL Financial Research Thursday, March 25, 2021 Top Story |
Kim Iskyan, American Consequences While bonds won't dazzle the investing world, Kim Iskyan this one vital economic tip that every bond investor already knows. |
Matt Egan, CNN The names of the key players are different, but the lessons similar. The spectacular implosion of hedge fund Archegos Capital Management, much like the GameStop saga earlier this year, serves as a reminder of the dangers posed by extreme leverage, secret derivatives and rock-bottom interest rates. |
Sarah Kessler & Lauren Hirsch, New York Times Junior bankers are burning out. What should banks do about it? |
Jeff Jones, The Hill As the nation strives to return to normalcy in all aspects of our lives, the sooner we can get back into familiar routines the better. The new deadline of May 17 gives taxpayers reasonable additional time to file. We urge policymakers to keep this deadline, providing clarity and financial relief to taxpayers as quickly as possible. |
Anthony O'Brien, The Examiner White males earn more than all other ethnic groups, right? Wrong. According to the latest government data, Asian men earn, on average, 30% more than white men. Asian women earn 20% more than white women. To complete the picture, those four groups earn more, on average, than do black men and women,… |
Alan Dowd, AIER "America's independent sector and civil society associations are founded on that very premise—the notion that we can do more in community than in isolation. No segment of American life is better suited to launch and lead a Covid-19 Lockdown Commission—and shine light on this mammoth policy... |
Brad Polumbo, Foundation for Economic Education When COVID-19 first came to our shores, it presented policymakers and elected officials with a crisis like nothing in living memory. In the year since, states have taken markedly different approaches to pandemic policy. Some, like New York, embraced sweeping government lockdowns and top-down mandates while others like Florida and South Dakota took a more humble, hands-off government approach, trusting individuals to make the best decisions for themselves. |
Casey Carlisle, UncleNap Jeff Deist recently poked holes in the lazy thinking required of Keynesian economists by asking, "Why is some inflation good, but not too much?" Of course, Deist knows that no mainstream economist can provide a definitive answer, and the broad range of answers provided by this PhD holder or that Nobel laureate only proves Deist's point. "Everyone knows the answer," the smug retort, and that is, bizarrely, accepted as gospel. Or, "leave those questions to us, peasant," is what's implied, and the masses respond with, "yes, sir," having immediately forgotten their question. That same... |
Paulina Karpis, Forbes After Covid, the MBA meaning has been downgraded. For a growing subset of employers, a MBA degree on a resume may pose a potentially negative signal. |
Andrew Biggs, The Examiner Social Security faces a $16.8 trillion long-term funding gap, which congressional Democrats have vowed to fix. But Social Security reform is far more than simply a budget challenge. Social Security is the largest federal spending program, the biggest tax most workers pay, and the biggest source of… |
Joseph Chuman, The Hill $7.25 per hour translates into people working full time and not being able to earn enough to meet basic human needs. |
David Segal, New York Times Lockdowns helped Britain's most profitable online betting outfit, bet365, hit the jackpot. For addicted gamblers, it has been a disaster. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
John Rekenthaler, Morningstar Quietly, high-quality bonds have taken a beating. |
Grant Suneson, 24/7 Wall Street Hwang isn't the first billionaire to blow it. |
Joshua M Brown, The Reformed Broker We are working hard to unwind these positions in an environmentally responsible way. |
Jamie Powell, Financial Times Everything apparently will benefit from space exploration. |
Packy McCormick, Not Boring Maybe Adam Neumann was right about Adam Neumann. |
Climateer, Climateerinvest Try $96 billion |
Ed Yardeni, Dr. Ed's Blog I am raising my S&P 500 operating earnings forecast for 2021 from $175 per share to $180, a 27.8% y/y increase from 2020. |
|
|
|
|
