10/23/2021
Today
Seth Berenzweig & John Tamny, The Capitol Brief On this edition of the Capitol Brief Seth Berenzweig and John Tamny discuss the future of crypto as governments wrestle with its impact |
P.J. O'Rourke, American Consequences A drug-sniffing canine, a circus sideshow, and an Enron alum all walk into a bar. And they each dole out priceless stock market insights. |
Market Minder, Fisher Investments Coal stocks aren't contradicting long-term climate initiatives or a ripe investment opportunity today, in our view. |
James Pethokoukis, The Week A carbon tax could be the answer to Democrats' endless negotiation woes |
Hayes Brown, MSNBC.com Closing the Medicaid gap and giving seniors dental and vision benefits is a false choice. |
Paul Krugman, New York Times Profit taxes should be increased, but it's OK to borrow if they aren't. |
Rep. Gus Bilirakis, The Hill The dangerous path Washington is on will not grow the economy; it will only continue to grow inflation. We need to work together to restore our way of life, rebuild our economy and renew the American Dream. |
Jeffrey Tucker, Brownstone Institute In response to my article on the growing goods shortages, I received the following letter, which I found very interesting, particularly on the point about the shortage of trucks themselves. I'm happy to share this with readers. |
Joshua Grundleger, City Journal The pandemic has worsened states' dependence on federal largesse. |
Editorial, Issues & Insights The global warming scare is more than three decades old, yet the disaster that's been forecast on a nearly daily basis since the late 1980s has yet to arrive. |
Umair Irfan, Vox Here's what you need to know about COP26, the high-stakes climate conference that starts on October 31. |
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. |
Mohamed A. El-Erian, Project Syndicate As price increases accelerate, policymakers at leading central banks are slowly starting to move away from the narrative of "transitory" inflation that has already cost them the policy initiative. But the needed pivot is far from complete and not nearly quick enough, particularly at the US Federal Reserve. |
Peter S. Goodman, New York Times Confession: We didn't even have a logistics beat before the pandemic. Now we do. Here's what we've learned about the global supply chain disruption. |
Matt Egan, CNN President Joe Biden's vaccine order will force employers to lay off thousands of workers, making the supply-chain crisis much worse, a major business group warned the White House this week. |
Benjamin Juhlin, AIER "Were the world to experience a new economic downturn, there is a great possibility that this lack of consumer use will show the current valuation of Bitcoin to have been a bubble. If this happens, a lot of retail investors will suffer." |
Ben McKenzie, Slate The stablecoin Tether appears to be neither stable nor especially tethered. |
Elle Ekman, The American Prospect Two companies are at the root of the current shortage. |
John Rekenthaler, Morningstar Viewing stocks through Morningstar's Ownership Lens. |
Terry Nguyen, Vox Thanks to the supply chain crisis, holiday shopping won't be easy this year — even if you buy early. |
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. |
Fisher Investments Editorial Staff, Fisher Investments |
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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