04/28/2021
Today Reuven Brenner, RCM The tax code classifies people as "rich" by looking at their income and their wealth, and subjects them to higher taxes. The tax code does not distinguish between those who don't spend on anything that would identify them to the outside world as "rich": mansions, art, fashion, jewelry or yachts, say a Warren Buffet, and those indulging themselves in such conspicuous consumption. The former are workaholics, entrepreneurs, who pour back most of their income into their business, start-ups, venture capital and keep a fraction in savings. Outsiders will not perceive much conspicuous consumption -... |
Emily Stewart, Vox Rich people are good at cheating on their taxes. The White House wants to stop them. |
Alexander Salter, Washington Examiner A $1.9 trillion coronavirus relief bill with vaccines and testing as an afterthought. A $2.3 trillion "infrastructure" proposal that prioritizes climate activism and corporate welfare over roads and bridges. President Joe Biden is confirming the worst fears of those who didn't vote for him and no… |
Michelle Goldberg, NYT Republicans are mad at big business, but not mad enough to raise taxes. |
Aaron Brown, RealClearMarkets The last five years have been mostly disappointing for quant investment managers, mediocre and inconsistent profits while stocks soar. But starting around six months ago, many quant strategies have delivered performance as good as any times in their histories. Is this a return to the good old days of consistent quant profits or a few lucky months to draw in return-chasing investors? It's important to understand that quant is not an asset class. Quant managers look for the same things qualitative managers do, and are exposed to the same market forces. Value managers, whether quant or qual,... |
Paul Katzeff, Investor's Business OK, Joe Biden's proposal would nearly double the top long-term capital gains tax for the wealthiest Americans. But maybe you're among the exempt taxpayers. |
Steve Sjuggerud, American Consequences The speculative frenzy of the stock market can't last forever. In fact, it's due for a Melt Down this year -- this is how you can prepare. |
Market Minder, Fisher Investments Redrawing the districts should have many congresspeople rethinking major legislation. |
Christy Bieber, Motley Fool This retirement account packs a powerful punch, with flexible investment options and awesome tax benefits. |
John Feehey, Hill Campaign fundraising inside the beltway is not an exercise in influence. It is largely an exercise in building relationships and giving policy makers information to help them make more informed decisions. |
Maxford Nelsen, RCPolicy Riding high after the election of Joe Biden, who promised to be "the most pro-union president you've ever seen," the campaign by the Retail, Wholesale and Department Store |
Jon Miltimore, FEE The author of a new economic paper estimates the cost of lockdowns compared to life years saved. The results are staggering. |
Steve Englander, Standard Chartered Bank |
Mark Eidem & Michael Rawson & Adam Lynch, CS Picking your dividend-paying stocks is half the battle. How do you know when it's time to sell? Consider following these three steps. |
Liz Ann Sonders, Charles Schwab Although earnings season has a ways to go, the results have been strong enough to significantly boost growth expectations, while also easing some valuation concerns. |
Michael Aked, Research Affiliates Factor timing is the ability to add value to an investment strategy by altering the exposure to various factors through time. Our analysis shows that a factor-timing strategy based on a factor's discount (or valuation) and momentum yields the most robust outcomes. |
Liz Ann Sonders & Kevin Gordon, Schwab Special purpose acquisition companies—also known as blank-check companies—have gained immense popularity since the beginning of 2020. |
Anu Gaggar, Commonwealth Who will be the winners (and losers) of the American Jobs Plan? Commonwealth's Anu Gaggar makes her picks. |
Steve Case, Hill By taking better advantage of the nation's deep well of entrepreneurial assets, communities blessed with universities, leaders, know-how and talent will have opportunities to shape America's collective future. |
Robert Bryce, RealClearEnergy In the aftermath of the Texas blackouts, one thing became clear: Big Wind and Big Solar have nearly every media outlet in the country on speed dial. Indeed, in the days after the blackouts, numerous m |
Alan Ohnsman, Forbes The electric-car maker stayed profitable in the first quarter with earnings and revenue figures that topped consensus expectations. |
Charlyce Bozzello, Washington Examiner The Retail, Wholesale, and Department Store Union is the latest labor union to get a case of sour grapes after losing an election. Unless Democrats have their way, it certainly won't be the last. |
Bryce Covert, New York Times Both snarled traffic and a morning without a home health aide can make you late for work. |
Joakim Book, American Institute for Economic Research "Congrats to all the hard-working chess-producers out there: you deserve every cent you earn – even the ones that governments steal from you. You provide the skills and the commentary and the knowledge that the rest of us suddenly wanted and were willing to pay top dollar for. In any... |
Rebecca Heilweil, Vox The long-awaited iOS 14.5 update is finally rolling out with a new privacy tool. |
Gad Levanon, CNN Before the pandemic hit, the United States was experiencing a labor shortage, especially in blue-collar and manual services jobs. But when the unemployment rate surged to 15% in April 2020, such scarcity seemed unlikely to reappear for the foreseeable future. One year later, however, despite still-elevated unemployment rates, qualified workers are once again hard to find. |
Larry Kudlow, The New York Sun Stocks in the past few days have moved higher across the board. Mr. Market has apparently decided that President Biden's sweeping tax hikes won't be passed. We'll just have to see. Remember, Democrats will have two bites out of the 51 reconciliation |
Deepak Bhargava & Dorian Warren, USA TODAY The American Rescue Plan has been hailed as a historic effort that will cut poverty by a third and child poverty by half. Congress can keep it going. |
Luke Puetz, Fisher Investments So far, people aren't spending a ton of their government windfall. |
Zachary Carter, New York Times Joan Robinson upended the misogynistic good-old-boys' network of economists and devised theories around competition and labor vital to the antitrust debates of today. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Steven Malanga, City Journal Market-driven innovation is providing new outlets for free expression in an increasingly intolerant media environment. |
Rusty Guinn, Epsilon Theory When we talk about and plan for inflation in our businesses and portfolios, we are usually focused on direction and magnitude. We also usually abstract away from price volatility. We shouldn't. |
Michael J. Boskin, Project Syndicate On top of the trillions of dollars already spent on pandemic-related rescue and stimulus since last March, the Biden administration wants a $2.3 trillion package of loosely defined infrastructure spending. In doing so, it risks stimulating an economy that has already recovered, while undercutting America's long-term competitiveness. |
Ed Yardeni, Dr. Ed's Blog Prince, Bowie, or Metallica? I'm still trying to figure out what will be the theme song for 2021. |
Barry Ritholtz, The Big Picture Spoiler alert: Forget the 40% capital gains rate — its DOA, merely misdirection, designed to distract from the real show. My best deductive reasoning leads me to conclude the administration has decided that the 1% have amassed so much money and power, that they deserve their own (higher) tax bracket. |
Charlie Bilello, Compound Advisors The Fed does whatever the market expects. |
Casey Carlisle, UncleNap.com |
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