09/03/2021
Today

Invested Right, $1 Million Is Enough to Retire With

Paul Katzeff, Investor's Business

3 Funds That Can Boost Your Annual Retirement Income Over $100K

Keep Your Eyes On Fees While Planning Retirement

Maurie Backman, Motley Fool

Some 40% of 401(k) plan participants don't understand the fees they're paying, according to a new report from the Government Accountability Office.

A Rational Rise: Markets In Step With Economy

Market Minder, Fisher Investments

Stocks aren't out of touch with economic fundamentals, in our view.

Why We May Have Called a Housing Market Top Too Soon

Julia Horowitz, CNN

Last month, Before the Bell observed early signs that the red-hot global housing market could be starting to cool, as elevated prices appeared to hurt demand and home improvement spending eased.

A Natural Labor Market Experiment Begins Next Week

Nicholas Eberstadt, RCM

A natural experiment in the US labor market commences next week as pandemic benefits (including pandemic unemployment insurance) are scheduled to end on Labor Day. The US labor market suffered a terrible shock from the COVID19 pandemic in early 2020, and experienced a remarkably rapid initial recovery — a snap back of unprecedented speed and magnitude. Curiously, however, the return to pre-pandemic employment rates seemed to stall out last fall. While employment rates for men and women 20 and over remain below their Great Recession nadir, they have risen only by a mere one percentage point...

Eerie Parallels Between Vaxx Passports, Segregation

Jeffrey Tucker, Brownstone

There are periods in American history when a scientifically based frenzy sweeps all other considerations before it. Values like equality, democracy, and freedom give way toward a new theory of how society should be managed to account for some new consideration that trumps all others.

Post Pandemic, Working Class Needs Protection

Clayola Brown, RealClearMarkets

It is no understatement that working class Americans suffered disproportionate damage from the COVID-19 pandemic. Millions of union workers performed essential functions, while most of the country was locked down, ensuring that our grocery shelves remained stocked, construction projects continued safely, and domestic workers kept our families healthy and happy. These workers were responsible for keeping our society afloat. While the fight against this pandemic is not over yet, it is essential that workers be front and center as Congress debates policy decisions that will impact our economy...

Checking Vaxx Status: Next Thankless Job for Workers

Rebecca Heilweil, Vox

Several US cities have instituted vaccine passport systems for indoor dining.

Some Lessons from the 'Financial Instability Hypothesis'

Robert Mulligan, AIER

"The Covid-19 recession was not triggered by financial causes, but the ballooning government debt the U.S. is currently pursuing, recklessly and with a vengeance, can only substitute a new unsustainable expansion for a sustainable recovery." ~ Robert F. Mulligan

The Eurodollar Giveth, the Eurodollar Take Away

Jeffrey Snider, RealClearMarkets

Fred Schultz was Vice Chairman of the Federal Reserve during one of those watershed periods that come up consistently throughout history. No Economist, he was a Korean Army vet (artillery officer) before jumping into (actual) banking as well as investment services. Whether or not he was some star-crossed addition to the Fed's top-level roster, some kind of monetarily jinxed influence is probably unlikely. The possibility, however, was raised by Mr. Schultz himself at his last FOMC meeting. This was February 1 and 2 of 1982, and things were neither going well for the central bank nor in...

Why Ineptitude From the Fed Will Cost Us All

Trish Regan, American Consequences

From the wreckage of Hurricane Ida to our shameful Afghanistan exit, America's political incompetence will end up ravaging this country.

Corporate America's Lobbying for Climate Disaster

Paul Krugman, New York Times

It wants to prioritize low taxes over the fate of civilization.

Dividends by the Numbers in August 2021

Ironman, Political Calculations

August 2021 was another strong month for dividend paying firms in the U.S. stock market.

Fed Policy Supports The Cyclical Rotation

Bryce Coward, Knowledge Leaders

Today at the annual Jackson Hole Economic Symposium, Federal Reserve Chairman Jerome Powell reiterated that the Fed is in no hurry to either taper asset purchases immediately or aggressively.

Common-Sense Policy Reforms for California Housing

Lee Ohanian, Cato

A few ideas to enhance affordability.

Unfinished Business In Building a More Stable System

Donald Kohn, Brookings

Don Kohn delivered remarks on financial stability at the August 2021 Jackson Hole Economic Policy Symposium.

How Much Can You Spend in Retirement?

Rob Williams & Chris Kawashima, Schwab

How much can you spend in retirement without running out of money? The "4% rule" is a popular rule of thumb, but we think you can do better. Here are our guidelines for finding your personalized spending rate.

Negative-Yielding Bonds Are Like Options

Lauren Foster, Enterprising Investor

Anything that you want to price in finance has three key inputs, Vineer Bhansali says.

We Still Think Stocks Undervalued

Brian Wesbury & Robert Stein, First Trust Advisors

Why The Value Resurgence Is Far From Over

Ben Inker, GMO Quarterly Letter

Ben Inker addresses some of the objections we hear from investors who are hesitant to join us in betting strongly on value today.

Back to the Seventies?

Kenneth Rogoff, Project Syndicate

Many economists seem to view inflation as a purely technocratic problem, and most central bankers would like to believe that. In fact, the roots of sustained inflation mainly stem from political economy problems, and here the long list of similarities between the 1970s and today is unsettling.

Why Supply Shortages Are Here To Stay

Terry Nguyen, Vox

Supply chain delays, shortages, and delivery issues are here to stay.

Welcome to Cold War II

Ari David Blaff, Quillette

The COVID-19 pandemic revealed the alarming extent of America's dependence on foreign countries.

The Fed Shouldn't Tackle Inequality

Allison Schrager, City Journal

Engaging in political issues would damage the institution.

The EU's Secret Eastern Empire

Matthew Olex-Szczytowski, UnHerd

Wealthy states treat Eastern Europe as a colony

Where Greatness Lies

Charlie Bilello, Compound Advisors

Calm markets don't make great investors.

The Disney Park Indicator Continues To Lag

Jamie Powell, FT Alphaville

The House of Mouse's parks business still has a pandemic problem.

Global Warming: Seeking Truth, Defending Consensus?

Christopher Lingle, AIER

"Political agents can be expected to look to 'science' to provide a cover for expanded interventions or claims on resources that were previously considered to be unacceptable." ~ Christopher Lingle

Congress's Rare Chance to Support CleanTech

Dawn Lippert & Aimee Barnes, Hill

With massive gaps in existing clean technologies to meet that goal by 2050, the time is ripe for enhanced support from the federal government for equitable clean energy innovation and entrepreneurship.

GME Ushered In New Gen of Wall Street Barbarian

Emily Stewart, Town & Country

Finance's ancien régime may have been put on notice by a new breed of Wall Street buccaneer, but it still emerged from the GameStop frenzy unscathed, give or take a few billion.

Slower Than Cars, Amtrak May Still Add 50 New Routes

Matt McFarland, CNN

The $1 trillion infrastructure bill appears set to give passenger and freight rail $66 billion, an infusion that will likely expand where service is offered but does little to increase the speed of train travel in the US.

Ken Fisher on Nixing the VIX

Fisher Investments Editorial Staff, Fisher Investments

Shattering the Debt Ceiling Myth

Fisher Investments Editorial Staff, Fisher Investments

Private Equity's Build Back Better Payday

David Dayen, The American Prospect

Hundreds of billions of dollars are scheduled for industries private equity dominates. Advocates want to make sure workers and families benefit, not financiers.

Sorry FTC, Facebook Still Isn't A Monopoly

Ben Thompson, Stratechery

The FTC's new Facebook case isn't any better than the old one, even as there are ever more questions about the potential harm of regulatory interference

Little Flaws

Morgan Housel, Collaborative Fund

Some small flaws I've noticed in humans.

Social Security Will Be Insolvent in 12 Years

Eric Boehm, Reason

Without policy changes, beneficiaries will receive only 78 percent of what was promised starting in 2034.

What's Wrong With Gold? Nothing...

Scott Grannis, Calafia Beach Pundit

People keep asking why gold isn't going up with inflation. It already did.

Everything Goes to Zero in the Long Run

Cullen Roche, Pragmatic Capitalism

Is all crypto going to zero?

What Does Transitory Mean?

Steven Vannelli, Knowledge Leaders

The economy is slowing but inflation isn't.
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