08/12/2021
Today Steve Forbes, New York Sun We are still suffering today from the baleful consequences of August 15, 1971, when President Nixon ended the convertibility of United States dollars into gold. If after that fateful day the United States had maintained the average rate of economic |
Market Minder, Fisher Investments Things are starting to inch closer to normal. |
Eli Dourado, New York Times We must sweep away the regulations that keep us from building housing and infrastructure. |
William Voegeli, Law & Liberty William Voegeli examines Biden's $3.5 trillion infrastructure proposal and why it won't be effective as Democrats claim. |
Li Zhou, Vox A lot could still go awry, but the Senate made some important progress this week. |
Rob Smith, RealClearMarkets I kind of feel sorry for Andrew Cuomo. Don't get me wrong, I like nothing about him. If there was ever a Governor who deserves to be chucked out of office, it is Cuomo. Have you ever heard the expression "it's the sizzle not the steak?" In our political discourse, it's the sizzle that gets attention, where matters of substance are ignored. I'm a steak over sizzle man, and for this reason, I feel a bit of sadness as the Cuomo resignation is emblematic of the deterioration of our political discourse. |
Jeffrey Tucker, Brownstone Institute What this means for people in open states is the dawning of a new consciousness. If they are going to keep their freedoms and good lives, they have to prepare for a new way of thinking. It's a sense of independence and determination to avoid the hysteria, demands, and attacks from the party in power — and the media apparatus that works all day to bolster them. |
Sheldon Jacobson, The Hill If a person chooses to not be vaccinated against COVID-19, this begs the question: Should they pay a price? |
John Tamny, RCM At the airport this week, it was more than sad to see a mother trying to get her seemingly two-year old daughter to put on a mask. The daughter was frustrated, obviously confused, and crying. The mother didn't know what to do, but there are federal rules…..Some would call them child abuse. The crying, confused child over masks brought to mind the bigger debate of the moment about vaccinations. It's estimated that a majority of adult Americans have been vaccinated against the virus, but there are holdouts. Presumably for a variety of reasons that don't need to be listed here. |
Eliot Wilson, Worth London is firmly open for business, and that is a message emanating from the gleaming towers of the city, the corridors of government and the flashing screens of the stock exchange. |
Stephen McBride, RiskHedge How many apps do you have on your smartphone? |
Ryan Nabil, RCM States like Louisiana and North Carolina are eager to attract technology companies and promote innovation by temporarily lifting government red tape that stands in the way. But they are running into a big federal problem. States don't have the power to waive federal financial regulation and licensing requirements even in the interest of allowing a company to experiment. This experimenting space is called "regulatory sandboxes," and the end result can be innovations that help consumers gain access to innovative services, pay bills or even get legal services. |
Christopher Sheldon, KKR Credit The market will continue to keep investors in suspense. |
Brad McMillan, Commonwealth Financial Network What's the story with inflation? Commonwealth CIO Brad McMillan evaluates the numbers to determine where inflation is coming from—and where it's going. |
Richard Moody, Regions Bank |
Brian Wesbury & Robert Stein, First Trust Advisors |
Jim Masturzo & Michele Mazzoleni, RALLC Recent conversations in the investment industry are dominated by predictions about the path of the inflation rate and its implications for capital markets. Rather than predicting what will happen to inflation in the future—a particularly arduous and humbling task—we ask a simple question: What can past inflation dynamics tell us about the equity market's future returns? We find it can tell us a lot. |
Connor Harris, Manhattan Institute Many cities with high housing costs have adopted "inclusionary zoning" (IZ) ordinances that either incentivize or force developers of large housing projects to rent a portion of the units for below-market rates. |
Dave Nadig, ETF Trends The "ghost boat" is familiar to anyone who's ever spent any significant time on the water. Go out for a quick paddle, and those first few steps back on the dock can be a bit wobbly. But spend five days standing in a boat, the waves rocking beneath you, and once you get back on land, you'll feel the disconnect between your internal perceptions of reality and terra firma for at least a few days. |
Neil Irwin, New York Times Fewer workers are making more stuff. If it lasts, that's big news for the economy of the 2020s. |
Dylan Matthews, Vox The lesson from the past year: Poverty is a policy choice. |
Peter Suderman, Reason The Senate just passed a $1.2 trillion bipartisan infrastructure bill—and teed up another $3.5 trillion bill in the process. |
Allison Schrager, City Journal Some conditions are right for a repeat of the persistent rising prices of the 1970s. |
Brian Fung, CNN Business Hackers have stolen some $600 million in cryptocurrency from the decentralized finance platform Poly Network, in what it says is the largest theft in the industry's history. |
John Rekenthaler, Morningstar Measuring the effects of multiple expansion. |
Sen. Bill Hagerty, Washington Examiner Democrats' reckless $3.5 trillion tax-and-spend spree will be an unprecedented disaster for hardworking families. |
Andrew Prokop, Vox Democrats' massive spending plan, explained. |
Joel Bloom, The Hill A more resilient science infrastructure is critical for economic recovery and necessary for the next pandemic: public STEM universities are well-prepared to lead us there. |
Jonathan Ellen, City Journal Politicians and public-health officials are setting unrealistic goals for controlling Covid-19. |
Paul Krugman, New York Times It's not as bad as you thought. It's worse. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Morgan Housel, Collaborative Fund A big lesson from history is how chance encounters lead to both magic and mayhem in ways that would have been impossible to predict. |
Susan Dziubinski, Morningstar These no-moat stocks have lost more than 20% this year yet remain overpriced. |
Eddy Elfenbein, Crossing Wall Street Jerome Powell is still the leading choice. |
Claire Jones, FT Alphaville It's the most important question in macro right now. But there's no clear answer. |
John Cochrane, The Grumpy Economist The policy response to COVID has been a disaster. |
Jeffrey Carter, Points and Figures Regulation is about eliminating the competition. |
John Steele Gordon, City Journal It was the party of the century—the nineteenth century. |
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