11/05/2021
Today Peter Earle, AIER "Heading down to the bar for a celebratory drink--it was a great conference--I thought to myself: 'If that is the depth of common understanding, and the full extent of their imagination: how is any of the morass the world is descending into surprising?'" ~ Peter C. Earle |
Kim Velsey, NYM The algorithm got overoptimistic, and the company is abandoning i-buying to save itself. |
Market Minder, Fisher Investments With midterm elections looming, stay above the political fray. |
Gad Levanon, CNN Though the risk of a severe labor shortage continuing into 2022 is not the most likely scenario, the chances of it are increasing. That means we could see significantly lower economic growth next year. |
Paul Kupiec, The Hill In 2021, the inflation tax will be as large if not larger than the revenues the federal government will collect from individual income taxes. |
Jeffrey Snider, RCM I'll bet most people thought Wednesday's taper announcement from the Federal Reserve was its second. Everyone likely remembers what everyone assumed had been the first; the one in 2013, punctuated beforehand by the fabulous "tantrum." Eight years ago was really the second, though third in actual tapering. The Fed's very first had been undertaken in August 2009. And that one had essentially been two different alterations conducted simultaneously. At that time, QE1, the program purchased both US Treasuries as well as MBS. |
Lydia Moynihan,New York Post After slamming everyday shoppers, manufacturers and tech giants alike, inflation is poised to claim a new set of victims: Wall Street's smartest hedge funds. |
James Rogers, Law & Liberty James Rogers reviews Christopher Beha's novel, The Index of Self-Destructive Acts and asks whether there is an alternative to American materialism. |
Brittany Todd, RCM For more than 60 years, air refueling tankers have served as the unheralded heroes of the American Air Force fleet. Carrying up to 83,000 pounds of cargo and refueling mid-air, Boeing's KC-135 Stratotankers allowed the U.S. military to exert force anywhere at just about any time. In June, the U.S. Air Force released a Sources Sought announcement for the Bridger Tanker Program, an initiative to replace aging KC-135s with an intermediary model. Similar to a prenuptial "save the date," the U.S Air Force is basically saying, ‘By the end of 2022, you'll be invited to bid on a contract for... |
Marty Walsh & Jeff Zients, USAT COVID-19 continues to hold back our workforce and our economy – and it will continue to do so until more Americans are vaccinated. |
Medhet Khattar, Brownstone Institute The advent of a vaccine to relieve the human population of the menace of a fatal disease should be a moment of global celebration. But to the Zero Covid mind, Covid-19 vaccines are a weapon in a fight against nature, not a voluntary health intervention to protect the vulnerable. And when humans with their propensity for muddled thinking position themselves against nature, they invariably end up positioning themselves against fellow humans. |
Devon Westhill, RealClearMarkets I stand with all my fellow Americans—both vaccinated and unvaccinated. And because I do, I recently refused to disclose my vaccination status. And you should, too. I was invited to speak at the University of Massachusetts Dartmouth School of Law about the many public and private mandates enacted, supposedly, to address COVID-19—all of which I oppose. I view vaccine mandates, for example, as the most totalitarian commands we have seen in this country since the days of eugenics-based forced sterilization—leading science, at the time. |
Liz Ann Sonders, Charles Schwab The Fed announced details of balance sheet tapering, but emphasized that the pace might be adjusted depending on inflation and economic trends heading into 2022. |
Eric Kober, Manhattan Institute Confounding the U.S. Census Bureau's own estimates, New York City recorded a population gain of 629,057 between 2010 and 2020. The city's 7.7% population increase, to 8,804,190, is the second-largest numerically in the past nine decades, surpassed only by 1990–2000, when the enumerated... |
Jerry Bowyer, Vident Financial Which indices performed better during historical periods of high and low inflation -- Growth vs. Value? |
Jerry Bowyer, Vident Financial Which indices performed better during historical periods of high and low inflation -- Growth vs. Value? |
Steven Vannelli, Knowledge Leaders Capital We find compelling evidence that seasonal factors exist, historically leading November and December to be the highest 2-month combined returns all year. In our allocation portfolios, we have increased our equity exposure significantly in an effort to capitalize on these year-end trends. |
Ironman, Political Calculations While the overall picture for dividend paying firms indicates October 2021 was a period of relative strength for the U.S. stock market, there is a developing cause for concern. |
Brian Wesbury & Robert Stein, First Trust Advisors Investors will be focused on the Federal Reserve this week and our expectation is that it will finally announce an overdue tapering of quantitative easing. In addition, we expect Chairman Jerome Powell to make it clear in the press conference that he expects tapering to be completed by mid-2022.Inflation is clearly a problem. The CPI is up 5.4% from a year ago. When October data arrive the year-ago comparison will likely be 5.7%, the largest increase since the early 1990s. Some of this is "transitory," but not all of it, not by a long shot. Housing rents were held down artificially until... |
Kathryn Hymes, Wired The phrase has come to describe record levels of job turnover. But it overlooks the bigger story: a radical rethinking of our relationship to work. |
Anneken Tappe, CNN Business America's job market recovery hit a roadblock in the late summer and early fall. In recent months, the tally of jobs added to the economy has been disappointingly low. |
Emma Goldberg, NYT Some people are resigning. Some are sitting on the sidelines awaiting a prime gig. Others are flexing their muscles — requesting raises, or remote options — while still clocking in. |
Zach Weissmueller, Reason The Golden State is terribly run, but that's not the main reason from my move. Most of life isn't about politics, thankfully. |
Dalia Marin, Project Syndicate Some economists argue that the pandemic-driven retreat from globalization, together with population aging in China and the advanced economies, is a recipe for inflation. But while workers' bargaining power may rise, a wage-price spiral in the advanced economies is unlikely. |
David Goldman, AIER The US inflation rate as measured by the Consumer Price Index reached its highest level in forty years during August and September 2021. |
Jerusalem Demsas, Vox New analysis shows that landlords were able to defer costs during Covid-19 to remain in a good financial position, at least in the short term. |
Simon Johnson, PS Under the leadership of Jerome Powell, the US Federal Reserve seems headed for a massively consequential monetary-policy mistake. The best way to prevent it is to replace Powell with Lael Brainard, a Fed governor since 2014. |
Jack Ewing, NY Times Because so many jobs depend on automaking, the industry's production problems are causing the pain to ripple. |
Susan Dziubinski, Morningstar These quality names are trading at 4- and 5-star levels. |
Nick Gillespie, Reason One of the hardest political lessons to learn is that pocketbook issues are the main driving force of electoral successes and failures. |
Matt Egan, CNN Democrats want to tax stock buybacks to help pay for President Joe Biden's $1.75 trillion spending plan. Billionaire investor Charlie Munger isn't happy about it. |
Fisher Investments Editorial Staff, Fisher Investments |
Ed Cara, Gizmodo The number of clinics selling unproven stem cell treatments in the U.S. has more than quadrupled since 2016, according to new research. |
BBC News, BBC News The story of cryptocurrency scammer Dr Ruja Ignatova's London flat - and how her purchase was concealed. |
Morgan Housel, Collaborative Fund The more things change.... |
Kayleigh Barber, Digiday Sports publishers are making millions on partnerships with sportsbooks, but the deals might not last long as sportsbooks turn competitors and consolidation looms. |
Tyler Cowen, Marginal Revolution We recommended this in July of 2020. Thanks for catching up. |
Paul Kiel, ProPublica IRS records reveal that 18 billionaires and some 250 other ultrawealthy people received aid intended to help middle-class Americans. |
Eric Compton, Morningstar Higher inflation may be transitory, but watch the job market for Fed rate hike cues. |
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