04/06/2021
Today

Bernie Wants Tax Away What Will Bring Musk To Space

Mark Whittington, The Hill

Sen. Sanders could not be clearer in his desire to tax away all of the resources Elon Musk and others are using to build and fly rockets and instead apply them to social problems.

Biden Wants to Give Electric Cars a Huge Boost. Will It Work?

Umair Irfan, Vox

His infrastructure plan calls for more EV chargers, incentives for buyers, and more US manufacturing.

MMT: Keynesian Principles with Frightening Twist

Gary Marshall, RealClearMarkets

MMT has emerged in recent times as a supposedly feasible alternative to modern economic conventions, some proclaiming it as the answer to our economic ills. Conceded or not, what MMTers advocate is what every Marxist, socialist, or big government adherent relishes - a further loosening of the unwieldy, insatiable government beast from its financial moorings - in effect, a Soviet style monetary system and its unproductive, squandering sham of an economy. The mystical tenets of MMT are partially plausible and partially absurd. MMT is essentially Keynesian economics with a frightening twist. The...

Biden's Critics Forget That Infrastucture Isn't Just Concrete

Paul Krugman, NYT

Investments in the future don't always involve concrete.

The Market's Already Priced What You Know

Joseph Calhoun, Alhambra Investments

There's an old saying on Wall Street that one should "buy the rumor, sell the news", a pithy way to express the efficient market theorem. By the time an event arrives, whatever it may be, the market will have fully digested the news and incorporated it into current prices. And then the market will move

How Do Your 401k Savings Stack Up, How to Catch Up

Diane Mtetwa, Motley Fool

If you're behind, here are three ways to catch up.

The Correction In China Seems Very Short-Term

Market Minder, Fisher Investments

Chinese stocks' correction seems like a short-term hiccup.

Light State Meddling Needed to Boost Productivity -

David Goldman, Law & Liberty

The lagging growth of productivity despite enormous advances in information technology remains the great conundrum of economic life in the West during the past 20 years. This is the most urgent issue of our time. Disappointing productivity growth translates into substandard growth in household income and the marginalization of once-prosperous parts of the American population. […]

Why the Deafening Silence In Face of Covid Tyranny?

Donald Boudreaux, AIER

"When one weighs whatever is the quantum of tyranny that might realistically be ascribed to Trump against the quanta of tyranny that infest and fuel Covid lockdowns, mask mandates, school closures, and the Covid hysteria still being stirred up by government officials, the tyranny of the...

Be Serious, States Weren't Coronavirus-Autonomous In 2020

John Tamny, RCM

Imagine if one year ago U.S. states had been left free to craft fifty different responses to the rapidly spreading coronavirus. If so, it's not unreasonable to speculate that lockdowns, to the extent that they were imposed, would have been lifted with great rapidity. But wait, some will say, states were already autonomous.

Why Exec. Comp. Clawbacks Do Not Work

Sanjai Bhagat, Harvard Business Review

And how to fix them.

Where Local Elected Leaders Always Go Wrong

Chris Baecker, RealClearMarkets

I like my councilwoman. In the Facebook videos I've seen, and firsthand in the candidate forums we've participated in, she seems like a genuinely nice lady. It's what she does within city council chambers that gives me pause. We have some fundamental, philosophical differences of opinion.

Raising Our Economic Forecasts Again

Ryan Detrick, LPL Financial Research

Monday, April 5, 2021 Top Story Raising Forecasts…Again

March Job Growth Was Notably Strong

Richard Moody, Regions Bank

When Will Payback For Stimulus Begin?

Jeffrey Kleintop, Charles Schwab

Policymakers in major economies have pointed to 2023 as the date the stimulus payback may begin.

Stocks Love April

Ryan Detrick, LPL Financial Research

Market Blog Wednesday, March 31, 2021

Trend Inflation Dashboard for Data Decode

Matthew Luzzetti, Deutsche Bank Group

Bondholders' Old Foe Is Back

Ryan Detrick, LPL Financial Research

Market Blog Tuesday, March 30, 2021

Tax Hikes Are Coming

Brian Wesbury & Robert Stein, First Trust Advisors

Biden's Infrastructure Proposal Is a Giant Boondoggle

Brian Riedl, The Dispatch

It sets aside $400 billion for long-term health care for the elderly but only $115 billion for roads, highways, and bridges.

How Biden's Infrastructure Plan May Leave Child Care Behind

Anna North, Vox

America's child care system is broken. But Biden isn't tackling it — yet.

How Lower-Income Americans Get Cheated on Property Taxes

Editorial, NYT

Many homeowners are paying a total of billions of dollars extra because of inequities in assessing property values.

Some Think Fed IR Subsidize Hedge Implosions

Charles Gasparino, New York Post

The full postmortem on Archegos Capital won't be written for a while, but one thing is already clear: This little-known hedge fund run by a trader named Bill Hwang has become the latest lightning r…

Amid Projected Insolvency, We Face Retirement Riddle

Joseph Chamie, The Hill

Resolving America's retirement riddle is needed due to Social Security's long-term financing problem — Social Security trust funds are projected to be insolvent by 2035.

Biden's Tax & Spend: Playing w/Financial Fire

Trish Regan, American Consequences

Biden's unleashing his $2 trillion "American Rescue Plan." But this isn't the New Deal -- it's a raw one for U.S. taxpayers and corporations.

Marriage As a Soulless Contract Seals Its Fate -

Richard Gunderman, Law & Liberty

Richard Gunderman argues for understanding marriage as a covenant not a contract.

Stop Greenwashing Socialism

Christopher Barnard, Am Institute for Economic Research

"Protecting our environment deserves more attention than a prefix in a campaign slogan for a complete political and economic revolution. Especially one that has caused so much untold misery for both humans and the planet." ~ Christopher Barnard

China Could Deal the Dollar A Painful Blow

Kenneth Rogoff, Project Syndicate

Today, it seems to be an article of faith among US policymakers and many economists that the world's appetite for dollar debt is virtually insatiable. But a modernization of China's exchange-rate arrangements could deal the dollar's status a painful blow.

Remote Work Is Overrated. Supercities Will Come Back

Jerusalem Demsas, Vox

As Lorde said: "We live in cities."

10 Undervalued Wide-Moat Stocks

Susan Dziubinski, Morningstar

Here's a peek at the cheapest constituents of the Morningstar Wide Moat Focus Index--as well as names that have been added and cut.

How mRNA Technology Could Change the World

Derek Thompson, The Atlantic

mRNA's story likely will not end with COVID-19: Its potential stretches far beyond this pandemic.

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

Shattering the Debt Ceiling Myth

Fisher Investments Editorial Staff, Fisher Investments

Biden Shouldn't Get Credit For Economic Rebound

Lakshman Achuthan, CNN

Presidents typically get too much credit -- or blame -- for the US economy's current performance, while the unseen drivers of the economic cycle get way too little.

The End Of The Reagan Era: Bidenomics, Explained

Noah Smith, Noahpinion

It's the end of the Age of Reagan, but it's much more than that

Demise of the Dollar? Puhleeze...

Barry Ritholtz, The Big Picture

The dollar's demise has been predicted repeatedly and it just isn't happening.

The Problem in Using Stocks for Income Investing

David Merkel, The Aleph Blog

The risk of stocks is very different than bonds.

The Growth-Value Cycle

Ben Carlson, A Wealth Of Common Sense

Since the advent of each index in 1979, the Russell 1000 Growth and Value Indexes have nearly identical annual returns through March 2021 -- 12.1% for growth and 12.0% for value. But the path to get there was very different.

The US Doesn't Need a 21st Century New Deal

Billy Binion, Reason

We don't need Biden's 21st century 'New Deal' to rebound.

US Economy Will Rocket After Mass Vaccinations

Preston Caldwell, MStar

Consumers are ready to spend.
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