10/08/2021
Today
Alex Pollock, Hill To paraphrase Daniel Patrick Moynihan, you are entitled to your own opinion about the debt ceiling, but not to your own facts about the history of U.S. government defaults. |
Mike Lofgren, NYT The 14th Amendment offers a way out. |
Market Minder, Fisher Investments Demand for US Treasury Bonds is broad-based. |
Jacques de Larosiere, The New York Sun What was Bretton Woods? A fixed exchange rate system? Yes. A gold exchange standard? Yes. More importantly, though, the agreement struck in 1944 was a macro-economic cooperative framework to promote international stability. The great merit of Bretton |
Rebecca Heilweil, Vox The most popular holiday gifts might not arrive in time for the holidays, even if you order now. |
Reuven Brenner, RCM The Labor Department's official unemployment rate—the most well-known gauge of the labor market's health—counts as unemployed only those who aren't working but are actively seeking a job. Yet there is very little that we can infer from the jobless rate about the health of the economy. The unavoidable conclusion is that the only reason investors follow the calculation is because both Washington's politicians and the Federal Reserve are expected to react to it. This is the arithmetic: Say the population is 200; Number of Employed, 92; Unemployed 8. So Labor Force participation is 50% and... |
Paul Katzeff, Investor's Business Daily You've built a $1 million retirement nest egg, so your retirement planning has paid off. But how long will $1 million last in retirement? |
Hayes Brown, MSNBC Her testimony to the Senate gives next steps for regulation of Facebook and Instagram. |
Thomas Lambert, Cato For the major digital platforms, a perfect storm is brewing. Policymakers across the ideological spectrum maintain that these Big Tech platforms — especially those operated by Google, Facebook, Amazon, and Apple — have grown too large and powerful. |
Paul La Monica, CNN US business leaders are still upbeat about the economic recovery. But they're not as confident as they were just a few months ago, and they blame the Delta variant and a super tight labor market for the drop in sentiment. |
Jeffrey Snider, RealClearMarkets It would be remembered as Snowmageddon. On February 5 and 6, 2010, the DC beltway area was blanketed with almost 18 inches of the freezing white stuff, the fourth-worst blizzard to strike the area since anyone had been keeping track. At Dulles, it would end up being the snowiest, that airport recording an impressive 32.4 inches. Needless to say, much of the federal government came to a screeching halt. The government, at least, would quickly recover. |
Michael Dell, Forbes In an exclusive excerpt from his new memoir, Play Nice But Win, the billionaire founder of Dell Computers recalls a 2013 showdown with the infamous corporate raider to thwart a takeover. |
Duncan Weldon, Value Added Inflation is the biggest debate in macro. The models don't work. |
Ironman, Political Calculations September 2021 closed out a strong quarter for dividend paying stocks in the U.S. stock market. |
Neil Shearing, Capital Economics Fuel shortages, tax increases and a whiff of stagflation have prompted comparisons between the economic situation today and that of the 1970s. But for the UK at least, the similarities with the period immediately following the Second World War are arguably more striking. |
Carrie Schwab-Pomerantz, Charles Schwab Cryptocurrency can yield big gains, but equally big losses. |
Drumetz Françoise & Pfister Christian, Banque de France In the last few years in the U.S. and especially since the publication of Stephanie Kelton's book, The Deficit Myth (Kelton, 2020) in Europe, the so-called Modern Monetary Theory (MMT) has been gaining prominence in the media and the public. This paper exposes the main proposals of MMT in the light of their doctrinal sources, also confronting them with economic facts and with other currents of economic thought. |
Robin Powell, TEBI Like many other investors, you may be worried about inflation, but the best strategy is probably to stay invested and focus on your long-term goals. |
Brian Wesbury & Robert Stein, First Trust Advisors |
Daniel Gros, Project Syndicate Central banks become concerned, and usually start tightening policy, when higher inflation fuels higher inflation expectations among consumers. Current trends suggest that US policymakers have more to worry about than their European counterparts. |
Alicia McElhaney, II New research shows that keeping employees happy not only helps the employees, it helps the company, too. |
Susan Dziubinski, Morningstar Here are our analysts' top ideas in each sector for the coming quarter. |
Dion Rabouin, Vox Everyone's saving money, but no one is earning much interest. |
Farah Nayeri, New York Times Two economic experts from two different nations agree that the pandemic has altered the world's economy and brought capitalism and its power into question. |
Ted Lamade, Collaborative Fund Recessions plant the seeds for future economic growth. |
Roger McNamee, Time Tech giants behave as unelected governments. Do we have the courage to stop them? |
Willem H. Buiter, Project Syndicate Across the advanced economies, central banks have rightly prioritized maintaining financial stability and supporting the real economy over fighting inflation with interest-rate hikes. But with financial fragility rife and public and private leverage at all-time highs, their next big test is coming. |
Ed Caesar, The New Yorker Stranded in Yemen's war zone, a decaying supertanker has more than a million barrels of oil aboard. If—or when—it explodes or sinks, thousands may die. |
Joshua Brown, The Reformed Broker Here is a replica of one of my favorite NFTs. |
J.D. Tuccille, Reason Governments may not be able to make an economy, but they've proven they can break it. |
Rani Molla, Vox Autonomous tech could lead to deaths at the hands of robots. But is continuing to let humans drive even worse? |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Eleanor Cummins, Wired It's time to reevaluate the cost of death care—and its environmental impact. |
David Merkel, The Aleph Blog I like anything that hinders the US Government from borrowing more. |
Eric Boehm, Reason What Reagan's tariffs in the '80s can teach us about today's foreign-made semiconductors |
Morgan Housel, Collaborative Fund Extremes lead to extremes |
Daron Acemoglu, Project Syndicate While it is clear that cryptocurrencies are here to stay, it remains to be seen what economic role they will – or should – play. In the case of Bitcoin, the technology's success lies entirely in what it promises, rather than in what it can actually deliver. |
Ben Carlson, A Wealth Of Common Sense Money most certainly does not buy happiness. |
Mike Lee & David Schweikert, City Journal A runaway environmental-review process bogs down improvement projects, stifling innovation and impeding clean-energy development. |
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