03/25/2021
Today Zachary Karabell, Foreign Policy Confrontation may be popular at home, but it won't make the United States more prosperous or secure. |
Michael Hiltzik, Los Angeles Times It's widely assumed that the biggest tax scofflaws are those with the most money. A new study tells us things are much worse than anyone suspected. |
Grover Norquist, RCM Democrats are the party of higher taxes. President Joe Biden has proposed trillions of dollars in tax hikes on American families and businesses while far-left politicians like Elizabeth Warren and Bernie Sanders are pushing for Biden to go even further and enact trillions more. Now, with passage of Biden's $1.9 trillion spending plan, Democrats are not just trying to enact higher taxes at the federal level - they are also trying to stop states from cutting their own taxes. |
James Bovard, AIER "Supreme Court Justice Samuel Alito declared late last year, 'The pandemic has resulted in previously unimaginable restrictions on individual liberty.' Unfortunately, unless there is a stark ruling from the Supreme Court, shutdowns could return whenever politicians can panic enough citizens with... |
John Tamny, RCM "I never thought I would be standing in a food line for hours. Just the degradation of it. You say to yourself, ‘Wow. I am really at this point.'" So said James Cox, a 50-year old porter in the cruise industry, to the Wall Street Journal's Julie Byrowicz and Ted Mann. Cox used to earn $27/hour, but since the lockdowns began last year his ability to earn in his chosen profession has been taken from him. As Byrowicz and Mann explain it, the "cruise industry is waiting anxiously for Washington's go-ahead to sail again." Lest readers forget, national politicians assigned to themselves the... |
Market Minder, Fisher Investments Stocks aren't acting like the last year was a new bull market. |
Matt Phillips, NYT The bull market, born out of the pandemic, has turned a year old. The remarkable turnaround has some analysts wondering if the breakneck pace is sustainable. |
Eric Nelson, Servo Wealth Management The last 12 months has provided us a number of important lessons or reminders as investors that can help us to achieve greater success in the future. Keep reading to discover my takeaways from the last year... |
Cliff Asness, AQR Capital Management Factor investing has long faced criticisms of data mining, and more recently faced another criticism – some backtests might never have been right to begin with. A growing body of mostly well-done papers examine these issues, generally concluding that factors have been disappointing since their "discovery." We've long addressed these concerns through robust out-of-sample evidence and a compelling theory for why a factor should work. What we've lacked, until now, is a formal test. My colleagues' new paper tests brilliantly, what we have argued, largely anecdotally, for years. Their results... |
Paul La Monica, CNN Stop us if you've heard this before. Giant tech stocks are finally due for a prolonged cooling-off period and investors need to start adding more value stocks, such as banks, oil firms and retailers, to their portfolios as the economy recovers. |
Kirsty Peev, U.S. News & World Report DESPITE THE ONGOING coronavirus pandemic and bear market of March 2020, equity markets have bounced back and hit new highs. While this is generally a good thing, extreme moves in any direction tend to test investors' nerves and ability to adhere to a disciplined strategy. These new market highs have exposed two different types of investor behaviors. The first behavior involves buying because of a market high. The second behavior is buying into a market high. |
Randy Morgan, RealClearMarkets Small businesses have been particularly hard hit over the past year. While the COVID-19 pandemic threw the entire global economy into uncharted territory, small businesses have had a very tough time serving customers, keeping employees on staff, and making sure their companies stay afloat. |
Various, HireAHelper Cities With The Most Self-Employed Workers |
Matthew Luzzetti, Deutsche Bank Group |
Richard Moody, Regions Bank |
Brian Wesbury & Robert Stein, First Trust Advisors |
Ryan Detrick, LPL Financial Research Monday, March 22, 2021 Top Story |
Richard Moody, Regions Bank |
Richard Moody, Regions Bank |
Eric Compton, Morningstar A majority of the top 10 dividend-yielding names are undervalued. |
Matt Taibbi, TK News Columbia law professor Timothy Wu wonders if the First Amendment is "obsolete," and believes in "returning the country to the kind of media environment that prevailed in the 1950s." |
Stephen S. Roach, Project Syndicate Trapped in a groundswell of anti-China sentiment, US President Joe Biden's team appears to be staying the course set by the previous administration. A better way would be for both sides to go back to basics – the economics and trade issues that have long anchored the US-China relationship. |
Rusty Guinn, Epsilon Theory Most of us are under the impression that a protracted conflict within China will increase national unity. Not this time. |
John Cochrane, CJ Financial regulators shouldn't be dreaming up climate policies. We'll get bad policy and an even more fragile financial system if we do. |
Matt McFarland, CNN Mike O'Grady still remembers the fear he felt on Mitsubishi's last day in Normal, Illinois, in 2015. The factory had sat on the outskirts of Normal and its twin city, Bloomington, since 1988. |
Eric Boehm, Reason Don't take the money. |
Emily Stewart, Vox How much should you be worried? |
Michael Iskra, RCM As mass vaccination clinics roll out across the nation, commandeering sporting centers and arenas, critical questions remain about COVID-19 and what measures, if any, can help protect against it. Questions about immunity—how long it may last, whether vaccines are effective against emerging variants, and differences between those with natural immunity (acquired after battling COVID-19) and those who have immunity via vaccination—continue to be researched around the clock and across the globe. As answers slowly emerge, antibody testing is a powerful tool that may offer rapid answers. ... |
Paulina Likos, U.S. News SAVING FOR retirement is a long-haul kind of game. |
Jonathan Ponciano, Forbes Fueled by trillions of dollars in government spending, stocks have staged a furious rally one year after Covid crashed markets. |
Art Carden, American Institute for Economic Research Two of investing's most important principles are "understand that markets are efficient" and "diversify." I learned both principles the hard way when, as a naive high schooler who thought himself very financially sophisticated, I got a couple of hot stock tips about companies with innovative products that were going to change their industries and make their shareholders rich. Wanting to be one of those rich shareholders, I decided to buy. |
Fisher Investments Editorial Staff, Fisher Investments |
Kalev Leetaru, RealClearPolitics The timeline below shows the percentage of monthly airtime over the past decade across CNN, MSNBC and Fox News that mentioned the minimum wage. After briefing bursting into the news as Congress debated including an increase to the minimum wage in its Covid-19 stimulus bill, the topic has quickly faded over the last few weeks. |
Anne O. Krueger, Project Syndicate Although US President Joe Biden and congressional Democrats didn't manage to keep their proposed $15 hourly minimum wage in the recent stimulus package, they remain fully committed to the policy. But before they move ahead with the proposal again, they should consider some obvious ways that it might be improved. |
Morgan Housel, Collaborative Fund Being a good investor requires some discipline |
Rani Molla, Vox From where we work to how our work is measured, office work will be permanently different after the pandemic. |
Susan Dziubinski, Morningstar These names are widely held among some of our favorite concentrated-fund managers. |
Robin Hanson, Overcoming Bias The difficulty of mounting hostile takeovers. |
Julia Horowitz, CNN One year after the Covid-19 pandemic forced millions of workers to start clocking in from home, many companies are thinking about how to bring their employees back into the office. |
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