10/19/2021
Today

Uncomfortable Inflation Is Changing Economy

Heather Long, The Washington Post

American families and businesses are changing their habits as they increasingly believe high prices are here to stay.

The Inflation Perception Is Far From Reality

Joseph Calhoun, Alhambra Investments

It was the best of times, it was the worst of times... Charles Dickens, A Tale of Two Cities Some see the cup as half empty. Some see the cup as half full. I see the cup as too large. George Carlin The quote from Dickens above is one that just about everyone knows even if they don't know

Is the Supply-Chain Meltdown Really Joe Biden's Fault?

Rebecca Heilweil, Vox

Despite what conservatives say, Joe Biden is not trying to ruin the holiday shopping season.

Sorry Mom, For My Language About Supply-Chain Cluster....

Rob Smith, RCM

I would like to apologize to my dear deceased mother. I would also like to apologize to the few women I have hoodwinked into thinking I am a gentleman. As an amateur linguist and hack wordsmith, one searches for "le mot juste" to give a sentence some panache, some resiliency, a pinch of the right seasoning. Honestly, I am somewhat triggered by the forthcoming word. The sweet deceased woman mentioned above crammed a bar of Ivory soap down my throat upon my utterance of this word as a young tyke. I was just trying to get my point across! Here goes. Little Ralphie is not going to get his Red...

Out of the Office & Enjoying Doing Nothing

P.J. O'Rourke, American Consequences

Unfurling from a funeral, P.J. ghosts the world to meditate on the business of life and bask in the banal ecstasy of doing nothing at all.

The Debt Ceiling Solution Is To Reduce the Debt

Harry William Baumgarten, The Hill

Why would we risk the full faith and credit of the United States on an untested theory based upon a murky provision that does not even mention the national debt?

Treasury Yields Speak to the Folly of "Balanced Budgets"

John Tamny, RCM

In 1980 total U.S. federal debt was roughly $900 billion. Today it's $30 billion. It all brings up a "trick" question of sorts: With total federal debt over thirty times greater than it was roughly 40 years ago, wouldn't borrowing costs for the U.S. Treasury be much higher to reflect the debt explosion? Wouldn't they in particular be much higher in consideration of the various "unfunded liabilities" that Treasury's on the hook for, and that deficit scolds continue to remind us of? It seems that more than a few would reasonably respond that Treasury's borrowing costs must be higher to reflect...

Evergrande's Decline Reveals the Millions of Empty Houses

Michelle Toh, CNN

Evergrande's troubles are part of a much bigger problem. Here's a look at how it first originated.

Harry,Meghan Don't Care About ESG. They Want Money

Zeeshan Aleem, MSNBC

Their bid to promote ethical investing as good for the masses is a shameless diversion.

To Flip the Warming Switch, Embrace Competitive NRG

Wayne Winegarden, RCM

If Willie Phillips, President Biden's nominee to serve on the Federal Energy Regulatory Commission (FERC) is confirmed by the U.S. Senate, Democrats will take a 3-2 majority on this important body that oversees the delivery of reliable and affordable power for the American people. If the Biden administration really wants to make progress in its stated goal of expanding America's clean energy future, it should embrace competitive electricity markets. Expanding electricity competition would be a rare win-win policy that would improve consumer welfare and lower greenhouse gas emissions.

College Degree Focused Employers Are Missing Out

Peter Coy, New York Times

Employers are missing out on a large talent pool by insisting on diplomas for jobs that don't require them.

Remember IRS Leak Scandal? Why It's Important

Christian Schneider, USA TODAY

This scandal isn't one you want to let pass by without concrete answers.

Fed Watcher: November Taper On Track

Justin Weidner, Deutsche Bank Group

Which States Produce Most Renewable Energy?

Frank Moraes, Commodity.com

What states produce the most renewable energy? You might be surprised! We've put all the data together and highlight the top 15 states.

What You May Miss by Staying in Cash

Collin Martin, Charles Schwab

Rather than waiting on the sidelines, consider short-term, fixed-rate corporate bonds.

The 'We Need More of Everything' Economy

Richard Moody, Regions Bank

The Death and Birth of Technological Revolutions

Ben Thompson, Stratechery

Carlota Perez documents technological revolutions, and thinks we're in the middle of the current one; what, though, if we are nearing its maturation? Is crypto next?

Inflation: Persistently Transitory

Jeffrey Kleintop, Charles Schwab

Persistently going from one transitory source of inflation to the next may keep inflation elevated for longer than markets currently anticipate.

You Don't Have a Financial Plan? Why Not?

Carrie Schwab-Pomerantz, Schwab

Here are the top five reasons people give for not having a financial plan—and why everyone needs one.

Jay Clayton & Gary Gensler Regulate a Crypto Disaster

Charles Gasparino, NYP

A 2018 meeting between Gary Gensler and Jay Clayton set the tone for cryptocurrency policy in the US. Now, Charles Gasparino writes, there is a regulatory mishmash that is stifling crypto innovatio…

Why You Shouldn't Blame U.S. Workers for Inflation

Peter Coy, New York Times

They are victims of rising prices, not the perpetrators.

The Origins, Development of Upside-Down America

David Stockman, Brownstone

the age-adjusted death rate from all causes in America during 2020 was actually 1.8% lower than it had been in 2003

The Crime Dividend of Lockdown

Peter Earle, American Institute for Economic Research

"The tradeoffs of pandemic policies were apparent early on, and now include mounting levels of fraud, theft, and violence. Although it is unlikely, hopefully that revelation will inform future policy choices." ~ Peter C. Earle

Build Back Better Requires Better Fiscal Fdn.

Joseph Kasputys & Joseph Minarik, Hill

Like any household or business, the nation must address its needs and wants in the context of a sustainable budget.

What Big Bank Earnings Perhaps Tell Us About Economy

Julia Horowitz, CNN

The biggest US banks move trillions of dollars around the world every day. That gives them a unique lens on how the economy is functioning, both in the United States and globally. And despite concerns about inflation, workers quitting, supply chain issues and slowing growth, bank executives just delivered a clear message to investors: We're in pretty good shape right now.

Polling Data Indicates Americans Ready to Tax the Rich

Tim Ryan Williams, Vox

It's not always clear what the public wants. But a new poll shows strong support for taxing the rich to pay for Democrats' Build Back Better Act.

Most Valuable Teams In NBA Include Three Over $5 Billion

Mike Ozanian, Forbes

The average NBA team value has risen 13% since February, to $2.48 billion, behind record sponsorship revenue and high expectations for the league's next media rights deal.

Dems Want to Soak the Rich by Snooping on the Poor

Matt Welch, Reason

Nancy Pelosi, Elizabeth Warren, and co. insist that the IRS needs to know about $600 bank accounts.

What's Right Often Sounds Crazy

Collaborative Team, Collaborative Fund

How to survive a world when what's right almost always sounds crazy at first.

A Trillion Dollar Disaster For Insurance Companies

Umair Irfan, Vox

Insurers are getting rocked by climate disasters. They're also shaping how we prepare for the next one.

Rising Rents Fuel Inflation, Pose Trouble for the Fed

Jeanna Smialek, NY Times

Economic policymakers have said inflation will prove temporary, but rising rents may challenge that view and pressure Washington to react.

Fisher Investments on Election-Year Uncertainty: This, Too, Shall Pass

Fisher Investments Editorial Staff, Fisher Investments

Will Uncle Sam Force Big Tech to Break Up?

Fisher Investments Editorial Staff, Fisher Investments

Shattering the Debt Ceiling Myth

Fisher Investments Editorial Staff, Fisher Investments

Be Green: Buy a Coal Mine!

Alex Tabarrok, Marginal Revolution

It's time to reup the idea of buying coal mines and shuttering them.

What Broke The Supply Chain?

macromon, Global Macro Monitor

The market narrative explaining the breakdown in the global supply chain is starting to come together

The Exhibitionist Economy

Ari David Blaff, Quillette

As "Big Tech" assumes the role of corporate super-villain, its users absolve themselves of personal responsibility.

Tesla's Growing Investor Revolt

Tom Lauricella & Leslie Norton, Morningstar

Despite the stock's meteoric rise, shareholders are pushing back against Tesla's management and board.

Central Banking With a Straight Face

Philip Turner, Project Syndicate

Over time, central banks have been given additional objectives and have expanded their policy toolkits accordingly, particularly when called upon to prevent major shocks from triggering global depressions. But with policy innovation comes new risks, not least to central banks' independence.

No, Joe Biden Can't Save Christmas

Eric Boehm, Reason

We've turned the presidency into an omnipotent office, and we expect that our gifts and government checks will be delivered on time.

Some Things Money Can't Buy

Allison Schrager, City Journal

The White House's assertions that the reconciliation bill costs $0 is not credible
View in browser | Unsubscribe | Update preferences

Thank you for joining RealClearMarkets today. 

Copyright © 2021 RealClearHoldings, All rights reserved. 
RealClearHoldings
666 Dundee Road
Bldg. 600
Northbrook, IL 60062

Add us to your address book