09/17/2021
Today
Ike Brannon, The Hill Companies that delay or forgo going public grow more slowly, which means job growth and wages grow more slowly. |
Jerry Bowyer, Vident Financial Last year, the world went through one of sharpest economic contractions in history. Markets responded in kind. And then they made the long trip back home. |
Trish Regan, American Consequences AOC's fashion statement at the $30,000-a-plate Met Gala encapsulates the Dems' ethos: empty theatrics that spell economic doom for Americans. |
James Antle, The Week "They have the House, the Senate, and the presidency. It's their obligation to govern," McConnell said. "And, you know, the essence of governing is to raise the debt ceiling to cover the debt." |
Jeffrey Tucker, Brownstone On matters epidemiological, I'm a dedicated follower of Professor Sunetra Gupta of Oxford University, scientist and novelist. It was she who granted me a broad understanding of the relationship between society, freedom, and infectious disease. |
Michael Gorman, RCM The Biden Administration's recent executive order designed to boost competition across the economy has served to highlight the fact that this administration and Congress do not appear to be fans of freight rail. In the last six months they have tried to roll back innovations designed to improve productivity, re-regulate prices, and scuttle even minor acquisitions. The net result of the government's nonsensical assault on freight rail--if they ultimately achieve their intended goal--will be reduced rail competitiveness and more goods shipped via trucks, which would increase road congestion,... |
Michela Tindera & Matt Durot, Forbes Of the more than two dozen billionaire donors who made political contributions tied to Gov. Newsom's recall election, the overwhelming majority gave in favor of defeating the recall and supporting Newsom. |
Rep. French Hill, RCM After months of standing on the sidelines, it took the Taliban takeover of Afghanistan for the Biden Administration to finally listen. I recently led a letter with 17 Republicans on the Financial Services Committee to Treasury Secretary Janet Yellen urging her to intervene to ensure that no SDRs from the IMF are made available to a Taliban-led Afghanistan. As a result, the Treasury Department announced that it is taking steps to prevent the Taliban from accessing an estimated $450 million in SDRs earmarked for Afghanistan, while the IMF confirmed that it is suspending Afghanistan's access to... |
Rachel Hartman, U.S. News While 401(k) plans typically come with benefits that promote long-term saving, you might find some drawbacks as well. Understanding the potential downsides of 401(k)s, along with how to resolve or work around them, can help you better plan for your financial future. |
James Butkiewicz & Burton Abrams, Examiner Fifty years ago, President Richard Nixon's administration began a futile attempt to fight inflation. The specifics surrounding its efforts are being eerily repeated today. Consumers and policymakers should be concerned. |
Jeffrey Snider, RealClearMarkets John Maynard Keynes was no fan of gold. Neither he nor any human being could eat it, and the amount of effort and labor expended at times to dig the metal up out of the ground seemed to him, and then his followers, weird to the point of harm. Yet, the inescapable conclusion remained: whatever costs expended they were clearly worth it. Not just to the individual or group working with picks, shovels, or eventually explosives striking it rich on discovery and successful removal. The systemic benefits are historically validated, as Keynes wrote in his General Theory: "At periods when gold is... |
Jerusalem Demsas, Vox A new poll shows people are fed up with housing costs. And they want to build more housing. |
Jeffrey Kleintop, Charles Schwab A gradual slowing of stimulus heralds a potential drop for the world's stock markets, but the evidence suggests a possibility for a positive outcome. |
macromon, Global Macro Monitor As summer fades, the global economy is downshifting from months of super-charged growth, pumped up by unprecedented fiscal and monetary policy measures. Growth will continue throughout the year but at a sharply decelerating rate, and inflation will remain stubbornly high. |
Employ America, Medium The combination of macroeconomic data-points and policy responses observed in the 1950s would suggest — under models of the 1970s — that runaway inflation was imminent. Instead, inflationary pressures quickly resolved themselves as the economic situation changed and new capacity was built out. |
Bill McBride, Calculated Risk Some preliminary data and analysis |
Marko Csokasi, Commodity.com Find out which 50 US states spend the most money on welfare. We also cover statistics like local spend and cash assistance, and vendor funds. |
Editors, CareerCloud With more than 10 million job openings reported by the federal government and almost 9 million people jobless, the simple math would seem to indicate there's a job for every person. But businesses across the country are facing a huge labor shortage. Some businesses have changed their hours because t |
Carrie Schwab-Pomerantz, Charles Schwab A custodial IRA can be a great way to teach a teen to save for the future—and manage money wisely in the present. |
Kenneth P. Pucker, Institutional Investor Linking ESG Investing to Planetary Impact |
Howard Davies, Project Syndicate Although everyone hopes that Pandexit, or the end of the COVID-19 pandemic, will come soon, the economic benefits will not be unalloyed. One plausible downside scenario is that current price pressures intensify and inflation rises further, eventually requiring a monetary response. |
Michael Corkery, New York Times In the wake of nationwide protests, corporate America has pledged to fight racism and support Black Americans. But a similar initiative started decades ago in Rochester shows it is a promise that is difficult to sustain. |
Rebecca Heilweil, Vox The latest SpaceX mission will carry souvenirs to space that people can buy when the ship returns to Earth. |
Ryan Avent, The Bellows About Amazon, two quick thoughts |
Sam Bowman & John Myers, Works in Progress Western housing shortages do not just prevent many from ever affording their own home. They also drive inequality, climate change, low productivity growth, obesity, and even falling fertility rates. |
Brett Arends, MarketWatch Why aren't more people talking about how to save America's retirement plan? |
Binyamin Appelbaum, NYT The biggest worry about Bitcoin is that politicians will start taking it seriously. |
Mark Whittington, The Hill The big threat to SpaceX's operation in Boca Chica, Texas, and the SpaceX Starship's development comes from the environmental lobby. |
Rep. Buddy Carter, The Examiner The Democrats in control of Congress and the presidency seek to transform our county. If they are successful in passing and signing into law the $3.5 trillion reconciliation package that is being forced through Congress via arcane budget procedures, to the objections of both Republicans and… |
Michael Munger, Am Institute for Econ. Research "It is becoming clear that the U.S. failure to yoke up with the private sector is the most important, but least-commented on, failure of Covid response overall." ~ Michael Munger |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Mark Lewis, Christian Science Monitor Norway, a country known for its environmentalism, owes much of its wealth to vast oil wells. On Monday, voters who are increasingly concerned about the climate crisis take to the polls in an election that could shape the future of the country's energy supply. |
Elie Dolgin, Nature Hundreds of scientists had worked on mRNA vaccines for decades before the coronavirus pandemic brought a breakthrough. |
Matthew Klein, The Overshoot Idiosyncratic price spikes due to reopening and troubles in the motor vehicle supply chain are fading or reversing. But keep an eye on housing, health care, and restaurants. |
Charlie Bilello, Compound Advisors This is a story about expectations. |
Jesse Felder, The Felder Report Cannabis stocks have been absolutely hammered lately. Is it finally time to buy? |
Josh Dzieza, The Verge Robbed, stabbed, beaten, underpaid, and overworked. They have had enough. |
Susan Dziubinski, Morningstar These names from the Morningstar Exponential Technologies Index are trading at 4-star levels. |
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