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07/12/2021
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Why Checking Your Stock Portfolio Daily Is Bad Idea

Maurie Backman, Motley Fool

More than 20% of people check their investments on a daily basis. If you're in that habit, it's time to break it – before it comes back to bite you.

U.S. & Europe Value: More Alike Than You Think

Market Minder, Fisher Investments

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ProPublica Doesn't Get Tax Code, Stirs Up Non-Problems

Andrew Wilford, RCM

Progressive news organization ProPublica has made a great deal of hay recently by pretending that public, widely-known, and intentional elements of the tax code are secret loopholes for the rich. The game plan is always the same: take a tax deduction, find an application of the deduction used by a wealthy taxpayer, then heavily imply that it was inserted purely for the benefit of these rich individuals' checkbooks. Now it's gone back to the well with yet another "exposé," this time claiming that amortization of business expenses is somehow a nefarious handout to the well-to-do.

China's Didi Actions Similar To Those Against Big Tech

Zachary Karabell, Time

The Chinese crackdown on tech companies like Didi isn't all that different from what U.S. regulators want to do to Big Tech

Trump's Tech Lawsuit: Speech Freedom v. 1st Amendment

Alan Dershowitz, Hill

The conflict between free speech and the First Amendment arises when private companies use the First Amendment as both a shield and a sword selectively to censor free speech.

Biden Takes Aim at Misery-Inducing Businesses

Michael Hiltzik, Los Angeles Times

Baggage fees, drug prices, net neutrality — Biden aims to reduce industry's control of your daily life.

Biden Places a Bull's Eye On "Big Bus.",Signals Confusion

John Tamny, Forbes

Biden administration insiders plainly lack an understanding of business history.

Sun Valley Billionaires Hid Their Growing Worry

Charles Gasparino, New York Post

The nation is recovering from a horrible pandemic, which big tech helped us survive and stock prices went up. But Charles Gasparino posits the head honchos aren't happy right now.

Facts Lefties Don't Want You To Know Abt. Global Warming

David Simon, RCM

President Biden implores us that climate change is an "existential threat" to humanity. Special Presidential Envoy for Climate John Kerry preaches to us that "[t]he climate crisis as a whole is a national security threat because it is disruptive to the daily lives of human beings all over the world." Congresswoman Alexandria Ocasio-Cortez warns us that in 2030, "the world is going to end … if we don't address climate change." Hold on to your wallet. The Left's global warming Chicken Littles insist that the sky is falling but don't want you to know six key facts.

Could "Generation Z" Free the World From Email?

Sophia June, New York Times

"It's actually crazy how outdated it is." People born after AOL Mail was invented seem to prefer to communicate in almost any other way.

An Inside Look at Lockdown Orders From 2020

Jeffrey Tucker, RealClearMarkets

Life in the United States and in many parts of the world was transformed in mid-March 2020. That was when the great experiment began. It was a test. How much power does government have to rule nearly the whole of life? To what extent can all the power of the state be mobilized to take away rights that people had previously supposed were protected by law? How many restrictions on freedom would people put up with without a revolt? It was also a test of executive and bureaucratic power: can these dramatic decisions be made by just a handful of people, independent of all our slogans about...

It's Not Too Late To Get Into Hot Housing Mkt.

Trish Regan, American Consequences

With a booming post-pandemic real estate market looking to bubble, here are the best ways to leverage this sector while you still can.

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

The Global Dangers of Rising US Inflation

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.

Biden's Plan To Make Stuff Cheaper

Sara Morrison, Vox

The president's big antitrust push could impact how much you pay for plane tickets and prescription drugs.

Higher Inflation Depresses Equity Valuations

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.

Vinyl Is More Popular Than Ever. That's a Problem

Josh Terry, VICE

Pressing plants can't keep up with unprecedented demand, and big box chains are selling LPs now, resulting in devastating delays.

3 Investment Lessons From the First Half of 2021

John Rekenthaler, Morningstar

For the most part, the markets behaved in line with expectations.

In Investing, Don't Sweat the Small Stuff

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.

Zoning Laws Are Worsening the Housing Crisis

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.

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.

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.

Fisher Investments on Election-Year Uncertainty: This, Too, Shall Pass

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

How and Why Baseball's Legal Monopoly Came to Be

Emile Warot, ProMarket

Baseball's antitrust exemption is a historical curiosity. Why has a professional sports league enjoyed a legal monopoly for nearly a century?

Was Q2 Peak Growth For This Cycle?

James Picerno, The Capital Spectator

That's what the bond market seems to be saying.

Bulls on Parade

Ben Carlson, A Wealth Of Common Sense

Bull markets can last longer than you think.

How Does the Fed "Manipulate" Interest Rates?

Cullen Roche, PC

It's impossible to talk about interest rates without running into people who think the Fed has "manipulated" interest rates lower than they otherwise would be. As if the bond market has become nothing more than one huge completely manipulated Federal Reserve market.

Elvis (Your Waiter) Has Left the Building

Barry Ritholtz, The Big Picture

The real reason retaurants and bars can't find workers.

Bitcoin Power Plant Turns Glacial Lake Into Hot Tub

Tim De Chant, Ars Technica

Private equity's cryptocurrency experiment pushes more costs on the public.

Americans Are Doomed To Fail

Justin Webb, UnHerd

They feel too weak and stupid to make a difference
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