08/30/2021
Today Allison Morrow, CNN It's basically official at this point: The Federal Reserve will soon wind down its pandemic-era stimulus measures, a process Wall Street nerds call "tapering." But what, exactly, does that mean? And why does it put investors on edge? |
Market Minder, Fisher Investments What investors should and shouldn't take away from Fed Chair Jerome Powell's speech. |
Market Minder, Fisher Investments What investors should and shouldn't take away from Fed Chair Jerome Powell's speech. |
Andrea Riquier, MW Demand for tax-exempt municipal bonds has gone through the roof, showing investors aren't forcing municipalities to face the future. |
Andrew Wilford, RCM When Congress reformed the tax code by passing the Tax Cuts and Jobs Act (TCJA) back in 2017, the motivation was to make American businesses more competitive across the world. This time around, Congress is re-reforming the international tax system for a very different purpose: to raise additional revenue that can be spent on a variety of priorities. This backwards method of policymaking is likely to cause significant harm to the economy by making the American tax system unfriendly to multinational businesses choosing where to direct their activities and investments. |
Michael McAfee, Hill Renters and small landlords should not suffer as a result of delayed and insufficient government action. |
Gabriella Hoffman, Examiner Debate surrounding Section 230 of the Communications Decency Act of 1996 most often involves social media. But what about gun sales? |
Travis Nix, RCM They say you have to spend money to make money, and when it comes to raising tax revenue, President Biden sure has taken that to heart. He wants to increase the IRS' budget by $80 million — a move he claims will raise $700 million in additional federal revenue over the next 10 years. And Democrats looking to fund their $3.5 trillion spending package will likely back his plan. Biden's logic is simple enough: Giving the IRS more money allows them to increase audits on citizens and businesses and thereby raise revenue. |
Kim Iskyan, American Consequences The cognitive dissonance of Twitter: a tech behemoth enmeshed in our digital cultural fabric that's still a woeful investment as a company. |
Bernard Sharfman, RCM Three years ago, Professor John Coates of Harvard Law School, currently on leave and serving as general counsel for the Securities and Exchange Commission ("SEC"), wrote an extremely insightful article, "The Future of Corporate Governance Part I: The Problem of Twelve." His thesis was that the growth of index funds was leading to such a concentration of shareholder voting power that "in the near future roughly twelve individuals will have practical power over the majority of U.S. public companies." |
Michael Hiltzik, Los Angeles Times Two new scientific papers and Biden's intel inquiry are undercutting the lab leak theory for the pandemic's origin. |
Jordan Weissmann, Slate Effective pay cuts and brutal hospital bills may be in store for Americans refusing to get the jab. |
Brad McMillan, Commonwealth Financial Network How should we invest today? According to Commonwealth CIO Brad McMillan, with the economy in a growth phase, old strategies become new again. |
Lee Bohl, Charles Schwab Identifying so-called head-and-shoulders patterns can be tricky but profitable. |
Liz Ann Sonders, CS Last week, the S&P 500 was trading at an all-time high, but the underlying deterioration in breadth and non-confirmations by other indexes bears watching. |
Michiel Hoogeveen, Brussels Report In the Netherlands, almost every millennial knows someone who has no other choice than to live with his or her parents. The Dutch housing shortage has made a house unaffordable. |
Frank Moraes, Commodity.com Agriculture is more productive each year even as its share of the whole economy decreases. See the 15 states most dependent on agriculture. |
James Picerno, The Capital Spectator Even if inflation is peaking, pricing pressure could remain elevated for an extended period. |
Lawrence Summers, The Washington Post The lessons of Vietnam and Afghanistan are true for economic policy: Sticking to the same approach without considering whether it still makes sense is a recipe for trouble. |
Jeanna Smialek, New York Times For Wall Street, and the dismal science as a whole, trouble is around every corner even as the economy booms. |
Claire Jones, FT Alphaville News, analysis and comment from the Financial Times, the worldʼs leading global business publication |
Joel Kotkin & Cullum Clark, City Journal Dallas–Fort Worth is becoming the de facto capital of America's Heartland. |
Rebecca Leber, Vox The whole planet is getting hotter. Is AC really a solution? |
Clair Brown, Project Syndicate For decades, Big Oil has wielded more power than US voters, but the Intergovernmental Panel on Climate Change's latest report shows unequivocally why this must end. To keep our planet habitable, popular majorities in favor of climate action must come together and demand that their government do what is needed. |
Susan Dziubinski, Morningstar Working longer can't be the only part of your plan. |
Daniel Liss, TechCrunch For so long, Mark Zuckerberg has told us all to move fast and break things. It's time for him to break Facebook. |
Susan Dziubinski, Morningstar Here's the recipe that one of the greatest investors uses to pick stocks. |
Matt Welch, Reason Brooklyn elementary loses one-third of its student population and eight teachers, as the first 2021–22 enrollment numbers straggle in. |
Don Boudreaux, Cafe Hayek Inflation is often hidden by changes in quality. |
Scott Grannis, Calafia Beach Pundit Money velocity is increasing |
Jamie Catherwood, Investor Amnesia And government can help. |
Maddy Savage, BBC News Young people are struggling to afford city living, and even the Swedes can't crack the problem. |
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