07/10/2021
Today Allison Schrager, Bloomberg I recently caught up with a friend who has been working at the same company for more than a decade and was content enough. Other companies might pay more, make him feel more valued and offer room for advancement, but he didn't pay much attention to his growing dissatisfaction and lack of forward trajectory because his sales job meant he was on the road a lot and liked his clients and colleagues, as well as the nice hotels and fancy meals. The pandemic took away all those perks and he had to face what the job wasn't offering. Now my friend is considering quitting -- and he should. American... |
Paul Krugman, NYT We're still paying the price of tantrum-based policy. |
Rob Smith, RealClearMarkets Few things befuddle me more that those silly, self-help, saccharine posts on Facebook. The author, Miss Suzie Sunshine "inspires" the world on how to be happy and a perfect human being, presumably like she is. The posts read something like this: "Be the best you that you want you to be for you are you and you know who you are!" I have no idea what this or 99% of these posts mean. Sometimes, I think women have their own special language, kind of like porpoises. These posts usually include a beach scene, a really blue sky, multiple heart emojis and Suzie half "nekid" in a bikini. I often... |
Paul Katzeff, Investor's Business Daily Be honest. You are jealous of the one percenter club, the richest Americans. Yet you want to be one of those top 1% of U.S. earners. |
John Tamny, AC There's a glaring flag on the field: pro athletes have enough on their minds without having to sweat being political mascots. |
Rep. Devin Nunes, Washington Examiner Late last week, California's electricity grid managers declared that the Golden State is dangerously low on electricity. |
Jeffrey Snider, RealClearMarkets It was like some huge thunderclap, an obvious disturbance which, by the end, contributed so much to how history unfolded. But like some unsolved cold case financial "crime" whose clues add up just short of recognizing the assailant, that day's significance is assured even if all these years later I've yet to identify the culprit(s) or even establish exactly what had happened. This all took place on a date I doubt anyone really noticed, certainly not as it unfolded with confused and tortured history only beckoning the whole affair further into obscurity. Obscure, sure, yet hardly trivial. The... |
Market Minder, Fisher Investments Even with Thursday's wiggles, stocks aren't very volatile this year. |
Rebecca Heilweil, Vox Experts say that such a tunnel could be feasible. |
Zach LaCelle & Christopher Hill, Hill The industry is going through a bit of a reset, with companies like Uber and Lyft selling their autonomous vehicle units. |
Dan Solomon, Texas Monthly Our intrepid reporter biked behind the human whose job it is to follow, and help train, Austin's new pizza-delivery robots. |
Rabah Arezki & Per Magnus Nysveen, CNN After a pandemic and a price war sent petroleum prices tumbling in 2020, they are again on the rise. A new oil price super cycle -- an extended period during which prices exceed their long-term trend -- seems to be in the making. |
Jeffrey Kleintop, Charles Schwab In the last few weeks, stock market leadership reversed back to lockdown-era defensives as the stock market made new all-time highs. |
Binky Chadha, Deutsche Bank Group |
Richard Moody, Regions Bank |
Carrie Schwab-Pomerantz, Charles Schwab The path to financial independence can start right now with seven important steps. |
Eric Kober, Manhattan Institute Many American metropolitan areas exhibited robust job growth in the favorable economic conditions that prevailed for most of the past decade, up to the pandemic-induced recession of 2020. |
Brian Wesbury & Robert Stein, First Trust Advisors |
Richard Moody, Regions Bank |
Shang-Jin Wei, Project Syndicate At-risk economies may have six months or so to implement self-help measures before any sudden US monetary-policy tightening happens. They are well advised to work on making their exchange rates more flexible, reducing their reliance on foreign-currency debt, and increasing their foreign-exchange reserves. |
Sara Morrison, Vox The president's big antitrust push could impact how much you pay for plane tickets and prescription drugs. |
Richard Salsman, AIER The CPI will probably increase by 3-5% for all of 2021. That is not nearly as bad as the 1970s, when the rate averaged 7.4% p.a. (and peaked at 13.3% in late 1979), but it's still bad for equity valuations. |
Josh Terry, VICE Pressing plants can't keep up with unprecedented demand, and big box chains are selling LPs now, resulting in devastating delays. |
John Rekenthaler, Morningstar For the most part, the markets behaved in line with expectations. |
Paul B. Brown, New York Times It is easy to obsess about the smallest parts of your portfolio, like the tiny amounts of interest spun off by money-market funds today. Don't waste your time. |
Steven Greenhut, Reason Ending single-family zoning doesn't ban single-family homes from neighborhoods. It merely allows more freedom for people to build what they want. |
Jeanna Smialek & Ben Casselman, New York Times Prices climbed for years before the runaway inflation of the 1970s. Economists see parallels today, but the differences are just as important. |
Liz Wolfe, Reason Amazon's CEO stepped down this week after 27 years of extreme customer focus. |
Anu Madgavkar & Jaana Remes, PS The behavioral changes that persist after the pandemic will offer new business opportunities for firms that carefully assess consumer, industry, and regulatory trends. And policymakers can help the world to boost productivity by extending and improving digital infrastructure and ensuring universal access to it. |
Rani Molla & Emily Stewart, Vox Why are prices going up? Used cars, gas, and groceries seem more expensive because they are. |
Stephanie Krikorian, Vanity Fair Sky-high rental costs, a ban on temporary work visas, and an exploding population due to COVID have forced East Enders to mow their own lawns, iron their own sheets, and forego salon appointments. "Everyone's going for the natural look this year," says one resident. |
Justin Webb, UnHerd They feel too weak and stupid to make a difference |
Steven Vannelli, Knowledge Leaders Interest rates have been falling in recent months leading some to speculate that the "re-opening" trade has run its course. This in turn begs the question as to whether the "value" trade is over. |
Jamie Powell, FT Alphaville Wall Street finds out about known unknowns. |
Jessica Hamlin, Institutional Investor The closure of a tax loophole could release a flow of ETF capital into mutual funds, according to academic research. |
Ben Carlson, AWOCS Author James Playsted Wood once wrote, "The thing that most affects the stock market is everything." |
Charlie Bilello, Compound Advisors "Invest in what you know." A common piece of advice that's often taken to heart. Familiarity breeds comfort, and the more comfortable you with an investment, the more likely you are to own it. Which is another way of saying that our feelings and emotions are the primary drivers of our investment decisions, not data. |
Maya Sibul, Morningstar Author and Wall Street Journal columnist Jason Zweig talks trading trends and the future of the fiduciary standard. |
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