09/29/2021
Today
Editorial, NYS The big news of the day is the resignation of the presidents of two regional Federal Reserve Banks amid a contretemps over their trading for their own accounts. Eric Rosengren, citing his health, is stepping down as president of the Boston Fed. Robert |
David Eifrig, American Consequences The rhythm of this hyper-speculative market is due for a massive correction – here's how to be on the right side of investing history. |
Benjamin Wallace, New York Awash in coders, crypto, and capital, the city is loving — and beginning to shape — its newest industry. |
Iain Martin, Forbes Future Media's CEO has used cost-cutting and e-commerce sales to drive the company's stock up 3,800%, in what now looks like a playbook for the entire magazine industry. |
Michael Roman, RCM Environmental, Social, and Governance - ESG - has been growing in prominence as its application becomes essential to investor decisions and for businesses throughout the world who work to adhere to an evolving array of ESG framework principles. As more stakeholders engage, ESG is playing a decisive role as investments are evaluated and decisions are made which will ultimately affect the returns on those investments and, importantly, the costs and allocation of capital. For multinational firms, especially those publicly held and whose ESGinvestment profiles and operations are already... |
Merrill Matthews, The Hill The bigger the stakes, the more time and money interested parties are willing to spend. And the stakes have never been bigger. |
Rob Smith, RealClearMarkets What causes great societies to rise and then fall? What causes them to rise is legal recognition of the sanctity of private property and free and open trade. Doubt me? Let's look at Rome. Roman law was chiseled into marble and granite everywhere. It was written and not arbitrary. When there is fair and equal administration of the law and this law does not impede upon property, the creation of wealth is inevitable. Moreover, so is the concept of happiness. What makes a society happy? Being secure in property and having domain over property is the first step. One is master and ruler over their... |
Jeffrey Tucker, Brownstone Once the consciousness seeped in and the politicians panicked, we moved quickly from travel restrictions to lockdowns to mask mandates to domestic capacity restrictions to vaccine mandates. Somewhere along the way, we learned to classify people by profession, stigmatize the sick, then finally to demonize the noncompliant. It's been 20 months of intensified controls, driven by political leaders from both parties, with precious little dissent from media organs. |
David Simon, RealClearMarkets America needs more "employment-based" immigrants - immigrants in the category that consists mostly of professionals, skilled workers, and persons with "extraordinary" or "exceptional" ability - to do jobs few Americans can do, to start businesses, and to power faster economic growth that will pull more out of poverty and create greater prosperity. In 2017, the National Academies of Sciences, Engineering, and Medicine published The Economic and Fiscal Consequences of Immigration, a comprehensive report concerning the impact of immigrants on the U.S. economy. The key findings were that... |
Matt McFarland, CNN A wider group of Tesla owners who paid up to $10,000 for what the company calls its "full self-driving" software can now ask the automaker for access to a test version of the feature. But they'll first have to show that they're a sufficiently safe driver by allowing Tesla to analyze data on their driving behavior. |
Market Minder, Fisher Or, how we learned to stop worrying and love the debt ceiling. (Well, maybe "love" is too strong.) |
Steve Forbes, What's Ahead Congress is debating a sharp rise in the corporate tax rate, and the Biden Administration claims that these exactions won't affect you, that only big corpora... |
Brian Wesbury & Robert Stein, First Trust Advisors |
Scott Lincicome & Huan Zhu, Cato |
Bill McBride, Calculated Risk These indicators are mostly for travel and entertainment. It will interesting to watch these sectors recover as the pandemic subsides. ... |
Ryan Detrick, LPL Financial Economic Blog Friday, September 24, 2021 |
Pat O'Hare, Briefing.com There's nothing systemic here. |
Richard Moody, Regions Bank |
James Montier, GMO We look at various instruments that might be thought to protect your portfolio from an inflationary outcome, whether as an inflation hedge or as a store of value. |
Jennifer Stefano, The Examiner A picture is worth a thousand words — maybe even 300,000, which was the dollar cost for a table at the Met Gala this year. And there's no denying just how powerful the imagery of that evening was. This year's Met Gala theme was "In America," the irony of which was not lost on most of the nation:… |
Neil Irwin, New York Times One concern is that political leaders will mismanage things in the world's largest and second-largest economies. |
Steve Benen, MSNBC When the president insists the Democrats' $3.5 trillion plan will cost "nothing," he has a point. It all comes down to net and gross costs. |
Brian Riedl, New York Post "It's going to cost nothing," Biden said of the Democrats' $3.5 trillion spending binge, which House Speaker Nancy Pelosi is scrambling to pass this week. |
Editorial, Issues & Insights A wealthy president who has apparently avoided his full tax liabilities wants to make sure the rich pay their fair share. |
Christine Romans, CNN An epic week in Washington is underway: Congress is contending with budget reconciliation, an infrastructure plan and debt ceiling brinkmanship -- all at once! The outcome remains uncertain, and America's prosperity and wallets are held in the balance. |
David Faris, The Week As Democrats frantically negotiate the shape of their social spending package with multiple deadlines and economic mayhem looming, they are reportedly considering "means-testing" some of their new programs. |
Sen. Cynthia Lummis, The Hill What concerns me, is that some of the companies serving as the chief enablers of our connected lifestyles and internet access are undermining our privacy rights. |
Eric Spitznagel, New York Post How the great and powerful Peter Thiel became the most feared man in Silicon Valley. |
Shirin Ghaffary & Rani Molla, Vox Inside the unexpected fight that's dividing the most valuable company in the world. |
Ronnie Shows, Arkansas Democrat-Gazette The Biden administration has decided to confront the issue of corporate consolidation and antitrust concerns. This must be a priority; too many Americans are being left on the sidelines of our economy because big companies have too much power to operate without fear of government oversight or marketplace competition. |
William Smith, Washington Examiner As a way to tackle drug prices, President Joe Biden recently announced that he supports the so-called "inflation rebate," which would require drug companies to give the federal government any revenue from Medicare drug prices above the general rate of inflation. Senate Finance Committee Chairman… |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
John Rekenthaler, Morningstar The latter is worse, but neither are helpful. |
Jonathan Clements, HumbleDollar Stocks could tread water for five years. |
Casey Carlisle, UncleNap How could billions in revenues be non-profit? |
Nick Maggiulli, Of Dollars And Data On survivorship bias in the financial industry and why failed predictions still don't matter. |
Jessica Hamlin, Institutional Investor "The higher the female representation across the companies we cover the better share price returns we have observed since 2010," said Eugène Klerk, Credit Suisse's head of global ESG research. |
J.C. Parets, All Star Charts The best lessons are learned the hard way. That's just the way life goes. One of the most important things I've come to understand about markets, and life, is that you have to worry about yourself first. |
Lydia DePillis, ProPublica At least 120 publicly traded companies that received large PPP loans grew their revenues last year and have been allowed to keep the money anyway, according to a ProPublica analysis. The program was built to help small businesses. |
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