07/28/2021
Today

CDC's Hysterical Delta Flip-Flop Might Be Its Final Undoing

Jeffrey Tucker, RCM

The crazy, convoluted, mixed up messaging from the CDC - it's been this way from the beginning of the pandemic until now - has taken yet another turn. Now the CDC is recommending masks not just for the unvaccinated but for the vaccinated too. This is supposedly because of the discovery that the variant known as Delta is making an end-run around the vaccines, causing not only infections but infectious spread. So we have an odd situation developing. The layperson's understanding of a vaccine is that it protects a person against infection, like measles or smallpox. In other words, you won't get...

Anti-Vaxxers Can't Stop Ruining Things for Rest of Us

Michael Cohen, MSNBC

America has a long history of requiring vaccinations. Why so much resistance when it comes to Covid?

'Zero Covid' Puts the Grandkids at Risk

Adam Creighton, Am. Inst. for Econ. Research

"We should learn from this episode, though. Worse pandemics will emerge, perhaps even where some tough restrictions are justified. But we need to learn how to fight pandemics without permanently altering our way of life." ~ Adam Creighton

We Could Have Stopped the Eviction Wave That Is Looming

Henry Grabar, Slate

Six reasons why cities and states have done a poor job getting the money out the door.

Biden's Far-Left Antitrust Policies May Wake the GOP Up

Josh Withrow, Examiner

"Break up Big Tech" seems to have become a dogmatic mantra for Republicans.

No Job Boom for States Cutting Aid

Heather Long & Andrew Van Dam, Washington Post

States that scaled back unemployment aid have seen a decline in teen employment and an increase in workers over 25, early evidence has found.

How AI Is Expediting Development of Medicine

Panna Sharma, RealClearMarkets

The world of big data in the healthcare sector is vast and growing exponentially. Tools that leverage artificial intelligence (AI) and machine learning (ML) are critical to organizing, correlating, making sense of, and generating useful discoveries from this avalanche of healthcare and medical data. Analysts suggest that 30% of the world's data now comes from healthcare and this is growing faster than any other industry, with a CAGR (compound annual growth rate) of 36%. In genomics and biomarker-driven drug development, the growth rate of data is even higher, with analysts suggesting that it...

Let's Not Compete w/China With One-Arm "Tied"

Robert Lighthizer, New York Times

Building up domestic manufacturing and innovation is important. But we also need tariffs, long an effective tool of economic policy.

An Unexpected Tech Company Could Be Next to Join Dow

Paul La Monica, CNN

Chip giant Nvidia is the ninth-most valuable company in the S&P 500. With a market capitalization of almost $500 billion, the company is now worth nearly as much as semiconductor rivals Intel, Advanced Micro Devices and Qualcomm — combined. Could Nvidia soon wind up listed on the venerable Dow, too?

Hedge Funds versus Mutual Funds: Return Similarities

Thomas Kirchner, Camelot

We have come a long way since Morningstar first introduced a long/short category in 2006. Mutual funds that used shorting had been around since the 1980s, but had been lumped in with traditional style boxes. This led many in the hedge fund industry to make the false claim that mutual funds were not allowed to sell short - a powerful, albeit completely false marketing argument.

Billionaires Cannot Get Enough of 220 Central Park South

Kim Velsey, New York

It's eclipsed One57, where apartments are selling at a loss.

A Theoretical Green Light For Russian Hegemony

Paul Roderick Gregory, Hoover

The US-German decision not to block Nord Stream 2 pipeline clears the way for Putin to tighten his grip on Ukraine and defy Europe.

Inflation, Shutdowns, and Spending

Brian Wesbury & Robert Stein, First Trust Advisors

What Employees Are Willing to Give Up To Remain Remote

Mike Brown, Breeze

New research from Breeze found many employees would sacrifice some of the best benefits, or even take pay cuts, to remain remote.

Six Surprises So Far In 2021

Ryan Detrick & Jeffrey Buchbinder, Realclear

A Critical Fed Moment

Russell Redenbaugh & James Juliano, Kairos Capital Management

The Talking About Tapering FOMC Meeting

Richard Moody, Regions Bank

Will the Economy Turn?

Liz Ann Sonders & Jeffrey Kleintop & Kathy Jones, Charles Schwab

The spread of the COVID-19 delta variant has raised concerns of a faster-than-expected slowdown.

Where To Invest Now: COVID and Correlation

Jeffrey Kleintop, Charles Schwab

COVID-19 resurgences appear to be the primary driver of moves across many markets this year.

Young Are Resisters to In-Person Work

Nelson Schwartz & Coral Murphy Marcos, NYT

A generation gap has emerged between them and colleagues who value the workplace over the advantages of remote work. Bridging it may require flexibility.

The Dollar In a Barrel of Oil: Interview w/John Tamny

Dan Proft, Dan Proft Show

John Tamny's contrarian look at oil and the dollar.

Inflation Will Not Be Cause of Correction

Steve Sjuggerud, American Consequences

While the CPI doesn't lie, America's rising prices aren't necessarily forever – our nation's inflation may be more temporary than runaway.

Congress Knows Biden Tax Hikes Unpopular

Brian Reardon, Washington Examiner

The Senate needs to decide how to pay for the massive $3.5 trillion spending plan announced this month, but according to a Punchbowl News poll, only 37% of congressional staffers believe it is likely Congress will pass a tax bill by the end of 2022. Among Democratic staffers, just half think it is likely.

A Case For This Housing Market Being Different Than 2000s

Matt Egan, CNN

Home prices are climbing at the fastest pace in history, eclipsing even the boom in the days leading up to the Great Recession. Bidding wars have become common, many are forced to pay all cash and some bids are coming in $1 million over asking.

Employment For Adults w/Severe Disabilities Will Rise

Michael Bernick, Forbes

Last week's "60 Minutes" report, like most media reports on employment for adults with disabilities, gives little attention to the severely impacted--those with little language or severe cognitive deficits. Isn't there a place in the job world for them?

The Economics of Pope Francis Ending Latin Mass

Lee Trepanier, Law & Liberty

Anthony Gill explains why Pope Francis' decision to ban the Latin Mass weakens the Roman Catholic Church.

No One Wants to Say It, But We Need to Mask Up Again

Lyndon Haviland, The Hill

The decision to remove the mask bans was hailed by most Americans, yet many public health experts were concerned the move was premature.

We Asked, You Replied: Best Money Advice You Ever Got

Jeanne Sahadi, CNN

Maybe you have a natural affinity for making and managing money. Or maybe you're just trying not to make a hash of it. Either way, someone at some point in your life likely dropped a pearl of wisdom in your lap that has made your financial life better than it would have been otherwise.

Ways President Biden Misunderstands Basic Economics

Chris Talgo, The Hill

So, showering the economy with $6 trillion in new spending (the price tag of Biden's Build Back Better plan) will lead to lower prices? That is utter nonsense.

How Biden's Ag Secretary Cashed In During Trump Years

Dan Alexander, Forbes

Tom Vilsack went straight from Obama's cabinet to a big-money position at a trade organization. Then he won the lottery (literally).

U.S. Labor Crisis Hits All Small Bus. On Pittsburgh St.

Salena Zito, New York Post

One street in a Pittsburgh neighborhood illustrates the crisis faced by small businesses in the US.

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

Fisher Investments Editorial Staff, Fisher Investments

Shattering the Debt Ceiling Myth

Fisher Investments Editorial Staff, Fisher Investments

Why the Rich Have Become Richer

John Rekenthaler, Morningstar

Wage disparity is only half the story.

On Medici and Thiel

Rohit, Strange Loop Canon

We should radically scale genius grants

Ever Grande

Marc Rubinstein, Net Interest

The biggest issuer of dollar denominated Chinese junk bonds is in trouble..

Submerging Emerging Markets

Howard Lindzon, Howard Lindzon

What a mess for those that are focused on emerging markets.

Elon Musk Lives In A 20 by 20 Foot Prefab House

Sergei Klebnikov, Forbes

After promising to sell nearly everything he owned last year including six mansions in California, Tesla's billionaire CEO has taken up residence in a studio-apartment sized rental – here's what it looks like inside and out.

Equity Investing in Inflationary Environments

Igor Vasilachi, Verdad

Polite Confirmation Hearing Ignores Red Flags

Pam Martens, Wall St. On Parade

What happened on July 20 with the 56-44 vote in the Senate to confirm Kenneth Polite (pronounced Po-leet) to head the most powerful criminal law enforcement office in the United States, the Criminal Division of the Department of Justice, is a cautionary tale that should concern every American.
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