06/23/2021
Today

Value Investors Imperil Their Returns When They Shun Growth

Grace Chung, II

Applied Finance argues that despite their prices, growth companies may very well be undervalued in terms of their intrinsic value.

How to Gauge If It's Wise To Open a Roth IRA Acc't

Maurie Backman, Motley Fool

There are different retirement savings plans you can choose from. If you're contemplating a Roth IRA, here's what you...

Everyone Is Quitting Their Job, And That's Really Great

Jordan Weissmann, Slate

We are a nation of fast-food workers cannonballing into the bubble-filled sink of liberation.

How to Attain C19's Boom Potential

James Manyika & Michael Spence, Foreign Affairs

How to capture the pandemic's productivity potential.

"When Politicians Panicked": Interview With John Tamny

Susan Swain, C-SPAN

John Tamny talked about the actions taken by federal and state officials during the coronavirus pandemic, the trillions of dollars appropriated by Congress for relief, government funding for vaccine development, and more. Mr. Tamny argued in his book, [When Politicians Panicked: The New Coronavirus, Expert Opinion, and a Tragic Lapse of Reason], that government-mandated lockdowns in the U.S. were not necessary and did more harm than good.

Explaining Trump's Bizarre Reactions to the Coronavirus

Jeffrey Tucker, RCM

One of the great mysteries of history yet to be fully solved is the role of President Donald Trump in the Covid pandemic and policy response. His actions, decisions, and messaging on the topic heavily contributed to dooming his presidency, from what his pollsters later said. Most people remember the part when he favored opening the economy, from late summer 2020 onward. What they forget are the two previous periods. There was the initial period in January, when he seemed to deny that the pathogen could do any real damage, as if he could know that. He treated the whole subject like a minor...

Why Patience Is the Greatest Economic Virtue This Year

Ryan Cooper, The Week

The problem with post-pandemic economic predictions

Mkt. Principles for Better Broadband Rules

Harold Furchtgott-Roth & Kirk Arner, RCM

Americans proved resilient during the COVID pandemic, in major part because of American broadband. In most areas of the country, American broadband is fast, reliable, competitive, privately-provided, and affordable. And thanks to American broadband, millions of Americans were able to continue to work, attend classes, receive medical attention, shop for necessities, and communicate with loved ones in ways that were unimaginable just a few years ago—and are still unimaginable in most of the world. These successes are a testament to a simple but powerful economic principle: consumers are...

Pres. Biden's Paid Leave Plan Is Years Out of Date

Bryce Covert, New York Times

While the idiotic controversy over what constitutes infrastructure rages, the president should look to his former rivals to improve his family plan.

Treasury Needs More Revenues. How to Raise Them

Allison Schrager, City Journal

We need to raise more tax revenue, but how we do it matters.

A Flat Tax Would Out-Collect a Revived IRS

Steve Forbes & Stephen Moore, The Hill

It's very likely that the Biden tax proposal, which raises the federal tax rate from about 40 percent today to a new 55 percent tax rate, (a new 15 percent payroll tax plus a 40 percent income tax on incomes of more than $400,000) would reduce taxable income.

UN Chief Gets Another Term to Push Socialism

Aaron Rhodes, RealClearMarkets

No one should doubt the humanitarian heart of UN Secretary-General António Guterres, whose start in public service followed his engagement in the Catholic Church's "social action" channel. After his term as Prime Minister of Portugal, he served as United Nations High Commissioner for Refugees, arguably the toughest and most heartbreaking job in any international institution, during the still-ongoing Syrian refugee crisis, the worst since World War II. What has emerged more strongly since his elevation to UN Secretary General, however, is a tendency to use that position to promote socialism. ...

Existing Home Sales: Much Worse Than Headline

Richard Moody, Regions Bank

80% of Gen Z Investors Took On Debt to Invest

Julie Ryan Evans, MagnifyMoney

40% of investors said they have taken on debt to invest, including 80% of Gen Zers and 60% of millennials.

The Most Expensive Olympic Games In History

Various, ACE Cash Express

Have you ever thought about how much money it costs to host the Olympics? The ACE Cash Express Knowledge Hub breaks down the estimated cost for the countries that have hosted the Olympics.

Investing a Lump Sum vs. an Annuity

Rob Williams, Charles Schwab

Should you take a lump-sum pension payout, or a monthly income stream for life? How to decide.

Turn Turn Turn: Rotations Persist

Liz Ann Sonders, Charles Schwab

It's been a highly-rotational stock market this year in terms of leadership; with aggressively-speculative themes peppered in. Remember, neither FOMO nor HODL are investment strategies.

Fed Still Hasn't Found What it's Looking For

Liz Ann Sonders, Charles Schwab

The Fed kept rates unchanged, but updated median projections from the FOMC show two rate hikes likely by the end of 2023.

Intrinsic Value in Passive Indexing

Derek Bergen, Applied Finance

While Applied Finance has long advocated for investors to consider the strategic advantages from incorporating a valuation-based discipline in portfolio construction and stock selection, this study provides compelling evidence that even passive allocations benefit when index weights are formed on intrinsic value characteristics instead of using market cap as a proxy.

Small Business Suffers Most When Congress Attacks Big

David Audretsch, RCM

It's no secret that the COVID-19 pandemic devastated small businesses and that elected officials have tried mightily to help. For the first time in our history, the federal government delivered hundreds of billions of dollars directly to small businesses in their time of desperate need. This was a critically important tourniquet when the patient was bleeding out. But now Congress is poised to tear open the wounds with new digital economy policies that will undercut the recovery and leave small businesses less prepared for the next crisis.

America Is Back: We Need a Trade Agenda That Shows It

Myron Brilliant, The Hill

The United States badly needs a forward-leaning, market opening trade agenda.

Biden Should Cease Trying to 'Help' Gig Workers

Tammy McCutchen, The Examiner

The Biden Labor Department recently blocked a regulation concerning gig workers and independent contractors, and as Bloomberg reported last week, "The Biden Administration faces mounting pressure from the left to launch an enforcement investigation against a gig power." The goal: forcing gig…

Bill O'Reilly Confounds the Times, From Atop Its Bestsellers List

Ira Stoll, NYS

When in 2017 Bill O'Reilly was forced out of Fox News amid MeToo-era reports of complaints about his behavior, the New York Times concluded its account of his ouster by predicting, "sales of his books will almost certainly decline without the benefit

'Cancel Culture' Isn't Free Mkt. At Work

Aaron Tao, Foundation for Economic Education

Some continue to argue that cancel culture is just the "free market at work." The claim is both wrong and disingenuous.

Some Simple Ways to Seriously Boost 401(k)

David Eifrig, American Consequences

Instead of working forever, here are some simple, sage tips on how to make your money work for you as you approach your golden years.

The Week That the Inflation Panic Died In the U.S.

Paul Krugman, New York Times

Don't worry: Lumber is falling and the Fed is on the case.

Ways Investors Can Prepare For Inflation

Andrew Graham, U.S. News & World Report

Earlier this year, politicians, pundits and everyday consumers debated whether higher inflationwould materialize as 2021 played out. Many believed that with unemployment still well above pre-pandemic levels, prices would remain stable, even as vaccinations increased and economies reopened.

"I Quit" Is How Americans Respond to Recovery

Sydney Ember, New York Times

With new opportunities and a different perspective as the pandemic eases, workers are choosing to leave their jobs in record numbers.

End the Ban on Felon Participation In the Securities Markets

J.W. Verret, Hill

The blanket ban on felons in the federal securities laws was adopted in 1934, long before the nation's failed over-prosecution strategy in the war on drugs.

What It's Like to Work in AMZN Warehouse On "Prime"

Sara Ashley O'Brien, CNN

For much of the past 16 months, Amazon's warehouse workers have faced grueling pressure to keep up with the demand from households for online goods during the pandemic. Now, workers must endure the stress of meeting a spike in orders from Amazon's summer shopping holiday, which kicks off Monday.

Is Amazon's Jeff Bezos Under Taxed?

Seth Berenzweig & John Tamny, The Capitol Brief

Seth Berenzweig & John Tamny discuss taxes on billionaires

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

Fisher Investments Editorial Staff, Fisher Investments

Ken Fisher on Nixing the VIX

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

How Disney Mismanaged the Star Wars Universe

Spencer Kornhaber, The Atlantic

And how "The Mandalorian" can restore the true power of George Lucas's galaxy

Why Americans Aren't Ready To Go Back To Normal

Christine Romans, CNN

Johnny Paycheck sang "Take this job and shove it" in 1977. Today, it may well be the mantra for the post-Covid workforce.

Top 10 Holdings of Our Ultimate Stock-Pickers' Index

Eric Compton, MStar

We examine the biggest contributors to -- and detractors from -- the performance of the index during the past year.

Is Inflation Back for Good?

Brian Doherty, Reason

Prices are up all over the economy. Here are scenarios about what might happen next.

Will The Fed Keep Inflation Contained?

James Picerno, The Capital Spectator

Inflation has surged recently, raising concern that the US economy faces its biggest threat to pricing stability since the 1970s.

"Being a Billionaire Is a Lot Harder Than It Looks"

Nick Bilton, Vanity Fair

Welcome to the new space race, as the world's richest men compete over who has the biggest rocket—and the ability to win lucrative contracts.

Biden Is Back, America Is Not

Carl Bildt, Project Syndicate

China's leaders clearly understand the critical importance of trade linkages to their country's global clout. Unfortunately, US President Joe Biden's administration needs to relearn that lesson.
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