07/06/2021
Today P.J. O'Rourke, American Consequences Today we're sharing the first chapter from our Editor in Chief P.J. O'Rourke's recently re-released bestseller Eat the Rich. |
Rebecca Traister, New York Magazine The president is overseeing a sea change in the world of economic policy, and so much hangs in the balance. |
Allison Schrager, CJ President Biden's contemplated executive order targeting large firms looks like a solution in search of a problem. |
Charles Gasparino, NYP While Mayor Bill de Blasio has been awful at handling NYC's crime spree, he's also striking out on development deals like the Yankees' garage redevelopment plan, Charles Gasparino writes. |
Rob Smith, RCM I am here to save America! In recognition of July 4th, and the reasons behind the struggle for Independence, I have decided to create a new political party, the Deconstructionist Party. Naturally, since I invented the damn thing, I will be on the top of the Presidential ticket. If you're interested in the VP spot, send me your resume and a $1,000 "processing fee." The Tories in Colonial America were part of the well-connected political class of the British Empire. Most received their livelihoods through political patronage. Some were simple government flunkies who enjoyed their prestige,... |
Nicholas Sargen, The Hill The main risk to the stock market is that inflation could stay at 3 – 4 percent into next year, in which case investors and households would likely revise their expectations higher. |
John Tamny, RCM In his classic 1992 book about the Ronald Reagan 1980s (and so much more), The Seven Fat Years, Robert Bartley described the great Arthur Laffer describing the universality of credit. It goes like this: "Laffer would draw a tiny black box in the corner of a sheet of paper. ‘This is M-1,' currency and checking deposits. A bigger box was M-2, including savings deposits. Still bigger ones included money-market funds, then various credit lines. Finally, the whole page was filled with a box called ‘unutilized trade credit' - that is, whatever you can charge on the credit cards in your... |
Jon Miltimore, FEE The authors of a new NBER paper analyzed the tone of COVID-19 related news articles written since January 1 and found a striking difference in the way US media covered the pandemic compared to media in other countries. |
Peter Pitts, The Hill When things go wrong and medical devices fail — patients and their families suffer the consequence. |
E. Tammy Kim, NYT With the failure of the union campaign in Bessemer still fresh on their minds, labor organizers are looking to retool their strategy. |
Peter Earle, AIER "Perturbations, large or small, and whether deriving from natural or manmade interposings may and do lead to upheaval. The social fabric is pervasive but shockingly attenuated, and there are inevitable human and economic costs to deranging it." ~ Peter C. Earle |
Tony Radoszewski, WE The world is not ending, but we do have a plastic waste problem. And the plastics industry has a significant responsibility in solving it. |
Collin Martin, Charles Schwab They can be a buffer against long-term inflation, but TIPS investing isn't always straightforward. Here are answers to frequently asked questions. |
Liz Ann Sonders, Schwab Inflationary bottleneck pressures tied to the economic reopening are fading; and as suggested by the bond market and wages, a return to hyperinflation is unlikely. |
Various, Self Cities in the U.S. with the largest minority wage gap |
Wayne Crews, Competitive Enterprise Institute |
Russell Redenbaugh & James Juliano, Kairos Capital Management |
Rob Arnott, Vitali Kalesnik & Lillian Wu, Research Affiliates Tesla entered the S&P 500 Index on December 21, 2020. Over the next six months, AIV, the stock deleted to make way for TSLA, outperformed TSLA by a stupendous margin—exactly as we expected, based on our research. Index rebalances impose a variety of costs on investors. Smarter index design could go far to mitigate these costs. |
Nouriel Roubini, Project Syndicate Years of ultra-loose fiscal and monetary policies have put the global economy on track for a slow-motion train wreck in the coming years. When the crash comes, the stagflation of the 1970s will be combined with the spiraling debt crises of the post-2008 era, leaving major central banks in an impossible position. |
Katherine Lynch, Morningstar Bond markets recover and stocks post broad gains. |
Jeff Sommer, NYT Consumers, economists and bond traders often attempt to forecast inflation, but we really are walking in the dark. |
Safal Niveshak, Safal Niveshak His best investment broke all the rules he laid out in The Intelligent Investor. |
Daniel Hemel, The Atlantic The indictments of the business and its CFO allege not some minor technical mistakes, but blatant violations of the law. |
Susan Dziubinski, Morningstar These are the cheapest names in the Morningstar Wide Moat Focus Index--plus stocks the index has recently added and dropped. |
Brett Arends, MarketWatch When it came to retirement planning, the former New York Met did three things right. |
Dorothy Neufeld, Visual Capitalist Why are innovation cycles and business growth linked so closely? We explore waves of creative destruction across history. |
Drew Dickson, Albert Bridge Capital "What sort of sorcery is this?" Is this financial alchemy powering a perpetual motion engine that will result in higher and higher share prices? |
Wolf Richter, Wolf Street Oil Bust Houston hardest-hit. San Francisco, once hottest US market, coddles up to it, followed by Los Angeles, Chicago, Washington D.C., Seattle, and Manhattan. |
Kent Harrington, ChEnected At Goldman Sachs' a huge thermal storage system makes 1.7 million pounds of ice every night, as cold anti-freeze passes through tanks to freeze water inside. |
Daniel A. Hanley, ProMarket Since the Civil War, dominant firms have widely and repeatedly used exclusive agreements to exert, expand, and fortify their market power. |
David Merkel, The Aleph Blog Should I pay down debt or invest? |
Ironman, Political Calculations Going by the U.S. stock market's dividends, both June 2021 and the second quarter of 2021 registered robust growth. |
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