11/02/2021
Today Charles Weise, RCM Ships passing through the Suez Canal carry 12 percent of the world's goods from Asia to Europe and North America.(1) But last March, the container ship Ever Given got stuck sideways in the canal. Container ships backed up for miles, creating a potential economic crisis. To avoid price spikes associated with diverting ships around the Cape of Good Hope in South Africa, authorities and logistics experts worked around the clock to free the ship from the sandbar. Within a week, the ship was freed and the crisis was resolved. |
Emily Flitter, New York Times Digital payments technology is forcing the financial system to evolve. Banks feel their power waning and want to regain control. |
Joseph Calhoun, Alhambra Investments A couple of weeks ago the 10-year Treasury note yield rose 16 basis points in the course of 5 trading days. That move was driven by near-term inflation fears as I discussed last week. Long-term inflation expectations were and are well behaved. I wrote nearly 2000 words last week about that change in inflation expectations |
Nicole Gelinas, NYP Add one more headache to the next mayor's growing pile: inflation. |
John Tamny, RCM Joe Biden met his first wife Neilia while on a trip to the Bahamas during his junior year in college. On its own there's nothing remarkable about this historical anecdote, but there's bigger economic meaning in what arguably reads to most as a pedestrian bit of history. Getting into specifics, Biden attended college in the 1960s. At the time, airplane travel was the rarest of luxuries. This was true in the 1970s too, and realistically in the 1980s. "Have you ever been on an airplane before?" wasn't an uncommon question in the 1970s, and for a high percentage of Americans the answer was no. |
Steve Forbes, What's Ahead To help finance President Biden's proposed spending binges, congressional Democrats are pushing a bill called the Tobacco Tax Equity Act. This proposed tax l... |
Walter Block, Foundation for Economic Education President Biden's policy may or may not promote life. Only time can tell. But as a matter of rights, his position is clearly the correct one. |
Peter Wallison, The Hill There is reason to believe that the business models of social media firms are causing serious problems for U.S. society as a whole. |
Matt Egan, CNN Democrats' $1.75 trillion economic and climate bill could end up delivering a tax cut for the richest 5% of Americans, a new analysis finds. |
Paul Driessen, The Examiner Democrats are frantically seeking to convince skeptical legislators, voters, and taxpayers that they can pay for profligate new programs just by taxing "the rich." |
Gary Marshall, RCM I have attempted for decades to enlighten knowledgeable and lettered people about the side show known as the Public Debt, with little success. The erroneous notion that government funds itself, or at least the better part of its expenditures through tax revenues remains an indomitable premise for too many economists, especially those on the right. Is Public Debt the great scourge that many claim? The answer is a clear and resolute NO! |
Jerusalem Demsas, Vox iBuyers want to be the Amazon of real estate. What does that mean for the rest of us? |
Randy Frederick, Charles Schwab Help protect your position. Stop orders may help you obtain a predetermined entry or exit price, limit a loss, or lock in a profit. |
Market Minder, Fisher Investments In which we look at Q3 GDP and October inflation. |
Richard Moody, Regions Bank |
Jerry Bowyer, VF There are lots of ways to classify stocks in various indices, but today let's look at them according to size, and their performance during high inflation. |
David Kastner, Charles Schwab Sectors tend to have different reactions to sustained inflation. |
Dave Goetsch, Equius Partners I've been working in sitcom writing rooms for the past 25 years, and one of the most discussed, and least understood, topics is investing. To be in one of those rooms means that you have already beaten odds. In success, the financial benefits can be fast and huge (Google "writer" plus "nine figure deal"), but in failure, the financial misfortune can come even faster and be even more extreme. |
Jeffrey Kleintop, Charles Schwab Services make up more of the economy, jobs, and the stock market. The time has come to focus on services data to get a sense of the overall economic picture. |
Michael Tanner, Cato Given the political pressure that progressives in particular are sure to bring to restore the measure before the plan comes to a vote, it's not entirely certain that the measure is dead. That's why it's important to understand why paid leave — as attractive as it may sound — could actually do more harm than good. |
Karol Markowicz, New York Post With all the other problems in the country, is it time for an all-encompassing strategy on fixing a fictional gender inequality problem? |
Paul Krugman, New York Times Shortages and inflation aren't uniquely American problems. |
Pat O'Hare, Briefing.com The Treasury market is a bit of a riddle, wrapped in a mystery, inside an enigma these days. We say that knowing that there has been a rampant repetition from corporate America about supply chain pressures, rising input costs, labor shortages, and price increases to help offset the higher costs of doing business. |
Nicole Dieker, Vox Bennie and Krystal Covington have found themselves in a far different place financially than the crash that defined their earlier lives together. |
Christopher Wall, Hill The framework of machines acting without human involvement risks creating a dystopian future where political reform will become improbable |
Stephen McBride, RH Will the US government regulate crypto… and if they do, what will happen to crypto prices? |
Dan Alexander, Forbes The former president might become a convicted felon—or a 2024 candidate. His new business is preparing for both possibilities. |
Peter Singer, Project Syndicate The opening of the global economy over the past 30 years enriched multinational corporations, which have been able to shift profits to wherever the corporate tax rate is lowest. The G20 can take one step toward remedying that by accepting the proposed 15% minimum rate, but it should go much further. |
John Rekenthaler, Morningstar There's always a catch. |
Steven Greenhut, Reason The land was taken in 1924 in order to kick a black family out of Manhattan Beach, California. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Jesse Walker, Reason Happy 50th birthday to Muswell Hillbillies, a concept album about nostalgia, conformity, and the evils of urban renewal programs. |
Laura Entis, Vox From April to the end of July, nearly 16 million Americans quit their jobs. What does it mean for the jobs recovery? |
Bill McBride, Calculated Risk New Leases up Sharply year-over-year in September |
Daniel H. Neilson, Soon Parted Tight inventories at the LME make it hard to make a market. |
Barry Ritholtz, The Big Picture Comparing today and the 1970s is an exercise in differences, not similarities. |
Jamie Catherwood, Investor Amnesia America's first Great Depression, the Panic of 1873 |
Vitalik Buterin, Vitalik Some cities are embracing crypto and blockchain. |
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