07/09/2021
Today

Why Americans Should Leave Their Jobs More Often

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...

Trump's Trade Tantrums Set the Stage for Chip Shortages

Paul Krugman, NYT

We're still paying the price of tantrum-based policy.

Here's How To Get Rich, While Staying Out of Jail

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...

Income It Takes to Be '1 Percent' In Your State

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.

To Demand Politicization of Sports Is To Insult Athletic Genius

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.

Don't Let California Kill Affordable Energy

Rep. Devin Nunes, Washington Examiner

Late last week, California's electricity grid managers declared that the Golden State is dangerously low on electricity.

To This Day, World Still Thinks It Was About QE

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...

This Year's Remarkably Average Market Volatility

Market Minder, Fisher Investments

Even with Thursday's wiggles, stocks aren't very volatile this year.

Musk Wants to Dig Tunnel In FL. What Could Go Wrong?

Rebecca Heilweil, Vox

Experts say that such a tunnel could be feasible.

Driverless: Greater Challenge Than We Thought

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.

Delivery Robots Are Your Friends, Says Robot Corp.

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.

We See Beginning of the End for "Big Oil"

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.

Lockdown Leadership Is Unlikely To Last

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.

Assessing the Recovery Across Industries

Binky Chadha, Deutsche Bank Group

Dotplots: Lots of Noise, Any Actual Signal?

Richard Moody, Regions Bank

Seven Steps Toward Financial Freedom

Carrie Schwab-Pomerantz, Charles Schwab

The path to financial independence can start right now with seven important steps.

The Meaning of Jobs–Housing Mismatch for Cities

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.

'Twin Deficits' Won't Tank the Dollar

Brian Wesbury & Robert Stein, First Trust Advisors

Important Economic Releases to Watch This Week

Richard Moody, Regions Bank

A Great Inflation Redux?

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.

Jeff Bezos Is Still Obsessed With You

Liz Wolfe, Reason

Amazon's CEO stepped down this week after 27 years of extreme customer focus.

Will Pandemic Behavior Raise Productivity?

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.

Everything Feels More Expensive Because It Is

Rani Molla & Emily Stewart, Vox

Why are prices going up? Used cars, gas, and groceries seem more expensive because they are.

Mon Dieu: A Labor Shortage Hits The Hamptons

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.

A Wake-Up Call for American Health Care

Wendell Potter & Joe Sanberg, The Nation

The pandemic showed how broken the system has always been. President Biden needs to make fixing it a top priority.

The Best Age To Start A Thriving Business (Older Is Better)

Jeff Haden, Inc.

A 60-year-old startup founder is 3 times more likely to launch a successful startup than a 30-year-old, and nearly twice as likely to launch a startup in the top 0.1 percent of all companies.

Trump Tax Cuts: Searching fr. Supply Side

William Gale & Claire Haldeman, Brookings

In its first two years, the Tax Cuts and Jobs Act failed to deliver its promises on investment and growth says William Gale in a blog drawing from his new report on the 2017 tax reform bill.

It Turns Out People Prefer a Job to a Tax Increase

Larry Kudlow, The New York Sun

It may not exactly be breaking news, but it turns out that people would rather have a job than a tax hike. In fact, it turns out, people would rather have a job than voting for tax hikes on other people. It also turns out that even limousine liberals

Lockdowns Aided Big Business at Expense of Small

Carol Roth, New York Post

Lockdown proponents across the media are smugly patting themselves on the back, proclaiming that stay-at-home policies didn't harm the economy.

Wyoming Eagerly Wants to Be the Crypto Capital of the U.S.

Elena Botella, Slate

Wyoming is going to great lengths to draw cryptocurrency-related businesses to the state.

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

Americans Are Doomed To Fail

Justin Webb, UnHerd

They feel too weak and stupid to make a difference

Is the Re-Opening/Value Trade Over?

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.

Tell Me Lies, Tell Me Sweet Little Vies

Jamie Powell, FT Alphaville

Wall Street finds out about known unknowns.

Wall Street's "Dirty Little Secret"

Jessica Hamlin, Institutional Investor

The closure of a tax loophole could release a flow of ETF capital into mutual funds, according to academic research.

Why Stock, Bond and House Prices Are Rising

Ben Carlson, AWOCS

Author James Playsted Wood once wrote, "The thing that most affects the stock market is everything."

Home Bias and the Best Time to Diversify

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.

Speculating & Investing Are Not One and the Same

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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