10/22/2021
Today
Hayes Brown, MSNBC Centrist cuts to the Build Back Better Act threaten a generation of progress for the middle-class Americans. |
John Merline, Issues & Insights What else can they do other than wag their finger at us over the multiplying crises they've created? |
Will Marshall, The Hill Democrats shouldn't let themselves be stampeded into joining the anti-tech crusade driven mainly by leftish academics and activists and rightwing populists. |
Paul La Monica, CNN President Joe Biden faces a number of economic concerns, from supply chain disruptions to inflation. But the White House will soon need to tackle another major financial issue: whether or not to nominate Federal Reserve chairman Jerome Powell for a second term. |
James Antle, The Week The White House has stumbled into a messaging problem when it comes to higher prices and empty shelves. |
Market Minder, Fisher Investments Volatility calls for discipline, not action. |
Scott Lincicome & Ilana Blumsack, Cato Although most of the discussion surrounding current U.S. port and supply chain bottlenecks has focused on the economy and Americans' holiday shopping plans, some are using the situation to sell the $1 trillion bipartisan infrastructure package now before Congress. That bill directs nearly $12 billion in taxpayer funding to U.S. seaport infrastructure and billions more in general infrastructure grants for which ports are eligible.* Given that American ports lag their global peers in terms of both efficiency and size, such advocacy makes some superficial sense. Dig a little deeper, however, and... |
Jeffrey Snider, RealClearMarkets Compared to the utterly turbulent world of today, 1990 wouldn't really rate all that high on any reasonable scale of years to remember. Saddam Hussein's Iraq would invade Kuwait kicking off the Gulf War, sure, but thirty-one years later the costs of its legacy absolutely drown the original episode rendering it an almost forgotten footnote; a quaint association, at most. There was also a recession which began almost concurrently with the foreign military operation. No more than correlation in time, the contraction was an especially mild as well as brief one following what had been nearly a... |
Jay Caspian Kang, New York Times A look at California's ethnic studies requirement. |
Tim Requarth, Slate He was fully vaccinated against the virus. He also had blood cancer. |
Paul Elias Alexander, Brownstone Institute Pfizer plans to go to the FDA to get authorization for vaccination of 5 to 12 year old children based on a study they claim to have completed. |
James Davis, RealClearHealth By a wide margin, Americans believe the War on Drugs has been a failure and are ready for a different approach. Given that the old drug war has gone so poorly, why does President Joe Biden want to... |
Steven Vannelli, Knowledge Leaders Capital In this quarter's strategy package, we share our analysis on Japan's Reopening Trade. |
Kathy Jones, Charles Schwab Where does the fixed income market go from here? |
Menzie Chinn, Econbrowser A new paper suggests the US is already entering recession. |
Daniel Kern & Renee Kwok, TFC Financial Mgmt. |
James Picerno, Capital Spectator Industrial production in US was surprisingly weak in September, falling a hefty 1.3% vs. the previous month - far below Econoday.com's consensus point forecast for a moderate 0.2% rise. That's worrisome, but monthly data is noisy and so it's premature to read too much into one monthly update. |
Market Minder, Fisher Investments China's property developers continue seeing stress in credit markets, but the impact still seems limited. |
Asset Allocation Team, GMO Every bubble is unique, but they all share common threads. Making money on companies that make no money is never a good sign when it is done this pervasively and at these valuations. |
Terry Nguyen, Vox Thanks to the supply chain crisis, holiday shopping won't be easy this year — even if you buy early. |
Takatoshi Ito, Project Syndicate Japan's next prime minister will have more than enough time in office to introduce and implement an economic policy agenda of his choice. But while he has called for a move away from "neoliberalism," it remains to be seen how far he will go in pursuing a new vision of capitalism. |
Daisuke Wakabayashi, New York Times Bots have made it nearly impossible to buy hyped up shoes. What if they could be stopped? |
Richard W. Fulmer, Master Resource "Damage and destroy new CO2 emitting devices. Put them out of commission, pick them apart, demolish them, burn them, blow them up…. Sabotage, after all, is not incompatible with social distancing." (Andreas Malm, How to Blow Up a Pipeline, 2021: 3, 67) |
Matthew C. Klein, The Overshoot The death and disruption were bound to create real economic losses, even if things are better now than what one might have feared in the spring of 2020. Modest inflation is the least worst outcome. |
Lynn Parramore, INET Famed short-seller is even more concerned with political fallout from Evergrande than economic/financial woes. |
Matt McGrath, BBC News Government plans to extract coal, oil and gas are incompatible with safe temperatures, says the UN. |
Derek Thompson, The Atlantic A lasting effect of this pandemic will be a revolution in worker expectations. |
Hazel Sheffield, Institutional Investor On London's crumbling high streets, two massive real-estate investors are banking on opposing strategies. |
Randall Mayes, Quillette Automobile accidents are the second leading cause of death worldwide, with roughly 1.3 million fatalities annually according to the World Health Organization. |
James B. Meigs, City Journal Proposition 2 could usher in "vigilante regulation through litigation." |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Cullen Roche, Pragmatic Capitalism The Federal Reserve has announced a sweeping set of strict rules to prohibit employees from owning individual stocks, holding investments in individual bonds, holding investments in agency securities, or entering into derivatives. But that's not enough. |
Bryce Coward, Knowledge Leaders Demographics support higher rates for the first time since the 1970s. |
Mark Miller, Morningstar How to effectively and efficiently re-evaluate your prescription drug or Medicare Advantage coverage. |
Casey Carlisle, UncleNap Robert Luddy gave a lecture in sorely missed 2019 titled, "Henry Hazlitt's Long-Term Economic Thinking: Foundation of Entrepreneurial Excellence." Throughout his talk, it's clear that Hazlitt has had a profound impact on Luddy - an entrepreneur who's exhibited excellence for decades. How is it that Luddy personifies success? One possible explanation is that he ignores the temptation of short-term gains while focusing on attaining long-term goals. Hans-Hermann Hoppe would likely describe Luddy as one with low time preference. Writing about his talk, Luddy discusses how Hazlitt's most... |
Joshua M Brown, The Reformed Broker You can practically feel it in the air. |
James Picerno, Capital Spectator Federal Reserve officials have recently been talking up the case for starting the process of tapering the central bank's asset purchases. This baby step towards a more hawkish policy stance could begin as early as next month. |
Ben Carlson, A Wealth Of Common Sense Being a contrarian and making money simultaneously is hard. |
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