08/10/2021
Today Terry Nguyen, Vox The kids born after Gen Z are prime targets for marketers — and so are their millennial parents. |
Brian Domitrovic, The New York Sun My book on the early career of Arthur Laffer, that advocate of gold within the Nixon administration in 1971, contains the following passage: "A major sociological hegemon, the profession of economics, had produced, or at the minimum been complicit in |
Coral Murphy Marcos, New York Times Its second-quarter earnings rose substantially from 2020, with its railroad, utility and energy businesses showing the biggest gains. |
Steve Sjuggerud, American Consequences Even though the U.S. dollar's value seems left for dead, contrarians championing our currency in the market now are due to make a killing. |
Market Minder, Fisher Investments Like so much else, they imply a return to (mostly) normal. |
Joe Calhoun, Alhambra Investments Remember "The New Normal"? Back in 2009, Bill Gross, the old bond king before Gundlach came along, penned a market commentary called "On the Course to a New Normal" which he said would be: "a period of time in which economies grow very slowly as opposed to growing like weeds, the way children do; in which |
Eric Grover, RCM The Fed is America's central bank, paramount financial-system regulator, and a payments operator. It's studying and socializing developing a general-purpose central bank digital currency (CBDC). As a general proposition the Fed and government shouldn't undertake payment activities unless there's a significant problem that the private sector is unable to adequately address. There is, however, no compelling need a Fed CBDC would address. And, if there's demand, private-sector banks and payment systems are more than capable of providing digital dollars. The U.S. payments system is already highly... |
Jen Kirby, Vox The national security law has stifled democracy in the global financial center. |
John Hyatt, Forbes How a Chinese billionaire incurred the wrath of U.S. lawmakers and environmentalists, becoming a flashpoint in U.S.-China relations. |
John Tamny, RealClearMarkets It's often asked if Congress will "end the Fed." The answer to the previous question is obvious, but not for the reasons readers may think. Congress will never shutter the Fed is because the central bank is ultimately an outsourced institution of Congress. Does anyone seriously think Congress would cease propping up insolvent banks, regulating banks, and vainly trying to make credit "easy" if the Fed shut its doors? The questions answer themselves. Life without the Fed would be the same as life with it. |
Joshua Crawford & Abigail Hall, The Examiner Millions of tenants are behind on their rent. Absent some sort of intervention, these leaseholders face the real chance of being evicted from their homes. Due to a federal eviction moratorium, which prohibited landlords from enforcing evictions during the pandemic, many renters haven't paid rent… |
Nathaniel Meyersohn, CNN The Delta variant of Covid-19 is spreading across the United States, but stores and restaurants that people walk into on a daily basis aren't requiring vaccines for customers. |
Rob Williams, Charles Schwab We break down which retirement accounts—IRAs or 401(k)s— may be right for you. |
Cooper Howard, Charles Schwab Given the economic environment and potential tax benefits, investors might consider lower-rated municipal bond issuers. |
Richard Moody, Regions Bank |
Jeffrey Kleintop, Charles Schwab China's recent stock market pullback has been in line with the average annual drawdown; historically, this volatility has tended to produce double-digit annualized gains. |
Thomas Kirchner, Camelot Portfolios |
Editorial, New York Post Democrats on Capitol Hill are proving their socialist stripes: They've reportedly considered raiding the "super-sized retirement savings accounts" of the wealthy to pay for their $3.5 trillio… |
Steve Benen, MSNBC For months, Republicans tried to draw a direct connection between the White House's economic agenda. As it turns out, that wasn't a good idea. |
Ron Lieber, New York Times Relief came late, then slowly, and renters have been subject to political brinkmanship. We can do better. |
Sen. Mike Braun, Hill Directing cash to a member of Congress's pet projects gives the big government spenders a tool to buy votes on bills representatives otherwise might not support. |
Rep. Kevin Mooney, Examiner In Pennsylvania, it has become evident that there is no consensus on the role human activity plays in climate change. In fact, scientists who have testified before the state legislature have informed elected officials that natural influences are largely responsible for recent warming trends. They… |
Trish Regan, American Consequences The Fed's easy-money printing keeps eroding the value of the U.S. dollar, pulling off the optical trick of "shrinking" our national debt. |
Justin Spittler, RiskHedge "What should I do about inflation?" |
Maryam Gamar, Vox The $1 trillion infrastructure bill could change how cryptocurrency is taxed. |
Joe Manchin, Senator Joe Manchin The Official U.S. Senate website of Senator Joe Manchin of West Virginia |
Robert Hughes, AIER Payrolls posted a strong gain in July though details were not as strong as the headline suggests. The overall outlook is tilted to the upside, but challenges remain, and risks are growing. |
Dana Peterson, CNN Business Basic supply and demand factors — not speculation, predatory lending and/or bad underwriting — are driving home prices. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Barry Ritholtz, The Big Picture Cash is everywhere. |
Amy Castor, Amy Castor Buying an NFT is like buying high-art in a freeport. You don't even have to bother hanging the piece on your wall. |
Steve Randy Waldman, Interfluidity Let's just put FedPay on our smart phones and call it a day. |
Ousmène Jacques Mandeng, FT Alphaville A half-century on from the decision that defined the current monetary set-up, calls are mounting for new ideas to address old monetary problems. |
Barry Eichengreen, Project Syndicate Some say that issuance of central bank digital currencies will transform the international monetary status quo by eroding the US dollar's dominance of cross-border payments and greatly reducing transaction costs. But this is not going to happen. |
Joshua Brown, The Reformed Broker You cannot predict the future. |
Jazmin Goodwin, CNN Business Retiring early might seem like an impossible financial goal. But with the right plan in place, it can be done. |
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