07/26/2021
Today
Charles Gasparino, New York Post Big bank CEOS are growing anxious about Gov. Andrew Cuomo and Mayor Bill de Blasio reinstituting mask mandates in response to the COVID-19 Delta variant, which could hamper the Big Apple's re… |
Michael Hiltzik, Los Angeles Times The California dream has always been a bit of a myth, but so is the notion that it's coming to an end. |
Steven Greenhut, American Spectator Universal basic income is a dangerous trend — and its supporters should not pretend that it has anything to do with free-market principles. |
A.M. Gittlitz, The Nation For the world's richest men, the stars are up for sale. |
Market Minder, Fisher Investments Managing myopia is critical to success in this environment. |
Jeff Sommer, New York Times Tensions with the U.S. complicate matters, but China is such a vital part of global markets that its stocks and bonds belong in diversified portfolios. |
Mark Hulbert, MarketWatch The P/E ratio is volatile, reducing its ability to forecast the stock market's long-term returns. |
Kim Iskyan, American Consequences July 24, 2021 Dear reader, Yesterday, Executive Editor Kim Iskyan started a deep dive into stock trading app Robinhood's recent massive IPO announcement. (Did you miss it? Need a refresher? Read that essay here.) So should you buy shares of Robinhood (or any other IPO)? Kim poses nine questions to ponder before you do. And […] |
John Tamny, Forbes What's lucrative now arguably won't be in the future. |
Bruce Thompson, Washington Examiner President Joe Biden has proposed trillions of dollars of new tax increases. He has pledged repeatedly that his tax increases will not touch anyone earning less than $400,000. These tax increases, he has promised, will only hit the very wealthy and the largest corporations. |
Lew Uhler & Peter Ferrara & Joe Yocca, Issues & Insights Biden claims all this new spending will ease inflation. What economics principle he is citing to make this outrageous claim? |
Kirk Arner & Harold Furchtgott-Roth, RCM The Federal Trade Commission has been on the march. Over the past month, the Commission has held two "open" meetings, rescinded two major bipartisanagreements by party-line vote, and positioned itself to write regulations for the first time in decades. In the words of a former commissioner, the current FTC is "Icarus flying without the constraints of history, economics, or law." He predicts that its "regulatory overreach…will end with the FTC's wings melting in the courts." Yet one of the most consequential expansions of Commission authority has flown largely under the radar. |
Richard Moody, Regions Bank |
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. |
Jeffrey Kleintop, Charles Schwab COVID-19 resurgences appear to be the primary driver of moves across many markets this year. |
Brian Wesbury & Robert Stein, First Trust Advisors |
Brad McMillan, Commonwealth Financial Network According to NBER, the COVID recession is over. But is it? Commonwealth CIO Brad McMillan weighs in. |
Daron Acemoglu, Project Syndicate With Sino-American relations increasingly coming to resemble the geopolitical dynamics of the original Cold War, the world is heading toward a fraught new equilibrium. While some in the West long for a new "Sputnik moment" to motivate investments and reform, they should be careful what they wish for. |
Drew Dickson, Albert Bridge Capital As it turns out, it isn't that the people are paying a bigger growth premium for US Growth over European Growth; but instead it is that people are paying a (much) bigger multiple for US Value than for European Value. |
David Streitfeld, New York Times As the world reeled, Silicon Valley supplied the tools that made life and work possible. Now tech companies are awash in money — and questions about what it means to win amid so much loss. |
Izabella Kaminska, FT Alphaville Efforts are under way to protect the world's financial networks from a quantum attack. But some question if the threat to crypto assets is really as existential as feared. |
Laura Flanders, The Nation But Joe Manchin's daughter, a company executive, is laughing all the way to the bank. |
Ben Holland, BusinessWeek Sure, Congress wrote some giant checks during the pandemic. But the architects of Modern Monetary Theory say tolerance for deficits and spending is only part of their mission. |
Robert Litan, The New Republic A little-known law allows the most prestigious schools in America to cap the aid they offer to the most sought-after applicants, a provision that harms students of color. |
David Hay, Evergreen - Gavekal "This is the golden age of white-collar crime."- Famed short-seller James Chanos, who was early to recognize past major corporate frauds. |
Brett Scott, Altered States of Monetary Consciousness I, token. |
Louise Lerner, University of Chicago UChicago-led research could yield increased food production, boost drought tolerance |
Casey Newton, The Verge An interview with the CEO about his most sci-fi speculation. |
Matthew Yglesias, Slow Boring We need to get more people vaccinated and approving the vaccines is step one. |
Ben Carlson, A Wealth Of Common Sense There are plenty of ways to be rich and only a few of them are about money. |
Seth Goldstein, Morningstar These companies can take advantage of rapid electric vehicle growth. |
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