03/05/2021
Today Jordan Weissmann, Slate The issue used to be a nonstarter for the GOP. Here's what changed. |
A.J. Rice, RealClearMarkets Politics is about the payoff - vote for me and I will give you that . . . to be paid for, of course, by the others who didn't vote for me. Joe Biden promised to give lots of stuff to seniors if they voted for him and some probably did. Now it's time to deliver the stolen goods. What did Uncle Joe - who is already 78 years old and thus America's most senior president to date - offer seniors in return for their political support? Let alone keep them. |
Paul Davidson, USA Today Despite working two jobs, Lorrine Paradela, 46, of Stockton, California, endured unrelenting stress over whether she could pay her bills every month. "Sometimes you get child support, sometimes you don't," says Paradela, who lives with her 17-year-old son and 11-year-old daughter and doesn't qualify for public assistance. "My mind kept going all the time. It wouldn't stop. I didn't sleep right." |
Sarah Anderson, RCM In the name of "doing something," politicians once again seek to abuse the tax code to achieve radical policy agenda items. Last week, it was Sens. Sanders and Wyden seeking a backdoor minimum wage hike when the Senate parliamentarian didn't give them their way on a $15 federal minimum wage. This go ‘round, progressives are looking to a blanket "financial transaction tax" to supposedly "rein in" Wall Street hedge funds, at the expense of ordinary Americans' savings and investment. However, another week in Washington means another week that politicians on both sides of the aisle... |
Cliff Asness, AQR Capital Management In the long run. |
Jeanna Smialek, NYT Stocks fell and bond yields rose after the Fed leader reiterated that the central bank did not plan to pull back policy support soon. |
Jeffrey Snider, RCM Would Treasury Secretary Janet Yellen call Federal Reserve Chairman Jay Powell into her decorated, historic office to demand the central bank rescue the Treasury market? If she did, there's already precedent. An economy recovering from the worst sort of setback aided by massive fiscal intervention set loose inflation expectations on the rampage. Many influential people began to fear it was recovering too quickly. "In response to a request for a statement as to present business and credit conditions Mr. Williams said…in March…he was fearful that the recovery movement was... |
William Watts, MarketWatch Rotation pushes Nasdaq into correction territory as bond yields continue rise |
Trish Regan, American Consequences March 4, 2021 - Despite attempts by governments around the world to regulate it, and its own massive fluctuations in value, bitcoin is still a major player and may grow even bigger in the coming years. |
John Tamny, RealClearMarkets "I can do things you cannot, you can do things I cannot; together we can do great things." - Mother Teresa Imagine 100 people on a wholly deserted, seemingly inaccessible island. Life would be pretty bleak. With only 100 people working, life's barest necessities would be all that the inhabitants could hope for. So what if a listing, soon-to-sink ship carrying another 100 people were to accidently bump into this island, only for the passengers to depart the ship. Would the 100 original inhabitants lose their jobs? Obviously not. The arrival of two hundred more "hands" would mean that every... |
Riley Walters, Hill Here are critical actions to take with this economic situation. |
Jason Isaac, Washington Examiner Don't let the door hit you on the way out! That's the message millions of Texans who spent the coldest week in memory shivering in the dark have for the now-former leadership of the Electric Reliability Council of Texas, the manager of the electric grid powering 90% of the Lone Star State. |
Kathy Jones, Charles Schwab The spike in U.S. Treasury bond yields sent ripples throughout global markets. |
Market Minder, Fisher Investments Aside from next year's stealth income tax hike, most of the UK's new Budget looks like version 2.0 of make-believe austerity. |
Carrie Schwab-Pomerantz, Schwab The Saver's Credit is like a retirement match from Uncle Samâ?"if you qualify. Here's what you need to know. |
Jim Masturzo, Research Affiliates We compare the current value of bonds versus stocks within the context of the equity risk premium. We couple this analysis with an evaluation of possible Fed policy direction. Our conclusion is that risk assets, such as US equities and corporate bonds, are poised to benefit as are gold and other commodities due to tumbling real yields and dollar weakening. |
Various, The Roofstock Team Startups are a significant driver of the U.S. economy. Each year, thousands of entrepreneurs launch new businesses that create jobs and spur innovation and efficiency across the market. According to the U.S. Census Bureau, more than 420,000 startups accounted for 2.2 million new jobs in 2018. |
Richard Moody, Regions Bank |
Liz Ann Sonders, Charles Schwab Looking at the latest economic data reveals V-shaped recoveries in many goods-based indicators; while services has more catch-up to do. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Vitaliy Katsenelson, Contrarian Edge Socially responsible investing on an institutional level, where one body makes "socially responsible" capital allocation decisions for a pool of investors, is a utopian concept, just like socialism. |
J. Bradford DeLong, @prosyn After so many years of hand-wringing over disappointing US economic growth, it is odd to hear prominent economists sounding the alarm about the mere possibility of inflation. If anything, we should want an economy in which a higher federal funds rate is warranted. |
Amy Arnott, @MorningstarInc Is the 4% rule too high, too low, or just right? |
James Picerno, The Capital Spectator Is it time to act? |
Daniel Tenreiro, National Review One of Warren Buffet's preferred indicators is flashing warning signs. |
Jeanna Smialek, The New York Times Many employers are not making a decision until many workers are vaccinated. And some are making plans for "hybrid" work arrangements. |
Charlie Bilello, Compound Advisors Years from now, we'll look back and say it was obvious. That the signs of a historic mania were clear as day, with a billion a day in SPACs being the most prominent. |
Benjamin Powell, The Hill The U.S. government should encourage the growth of the private sector in Cuba by repealing its 60-year-old embargo and allowing U.S. businesses to trade with the newly freed Cuban entrepreneurs. |
Thomas Hogan, AIER The deregulation of the Electric Reliability Council of Texas (ERCOT) region has been held up as a model for electrical utility reform. As economist Jay Zarnikau describes, ERCOT "is generally considered to be the most successful of the restructured retail electricity markets in North America." Yet recent weather-induced blackouts and anticipated price increases are causing many to question whether deregulation has benefited Texas consumers. |
Nicholas Umashev, Fdn for Econ Edu. As I avoided the potholes, ignored the sounds of guns, and walked past beggars throughout the streets of New Orleans, I could not help but be reminded of my travels in Phnom Penh, Cambodia. With their mass poverty and crumbling infrastructure, the two cities differ in one key area: Phnom Penh is in a developing country and New Orleans is in a developed country. |
Paul Krugman, The New York Times Learning from subprime, health care and electricity. |
Matt Taibbi, TK News by Matt Taibbi The pandemic has been a financial and political boon to the 1%. Will they really change up the pattern in the coming pandemic relief program? |
Laurent Belsie, The Christian Science Monitor For a year millions of working parents, especially moms, have been stretched to the limits by a stay-home swirl of kids and work. |
Anne Helen Petersen, Culture Study Work from home today is not what you'll be doing post-pandemic. |
Matt Egan & CNN Business, CNN The repo market, a murky yet crucial corner of Wall Street, is acting weird again. And the turmoil suggests the Federal Reserve may need to come to the rescue once more. |
Stephen Clapham, Behind The Balance Sheet Amazon's cash generation is impressive. |
Ben Johnson, @MorningstarInc If you can get aboard, should you? |
Tyler, Portfolio Charts How to invest like Neo. |
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