09/14/2021
Today
Ken Fisher, RealClearMarkets Upside down and backwards! Nearly 13 years since the Fed launched "quantitative easing" (aka "QE"), it is still misunderstood, both upside down and backwards. One major camp believes it is inflation rocket fuel. The other deems it essential for economic growth—how could the Fed even consider tapering its asset purchases amid Delta variant surges and slowing employment growth, they shriek! But both groups' fears hinge on a fatal fallacy: presuming QE is stimulus. It isn't, never has been and, in reality, is anti-stimulus. Don't fear tapering—welcome it. |
Chris Talgo, Washington Examiner On Sept. 10, the Bureau of Labor Statistics released its Producer Price Indexes report for Aug. 2021. It showed "the largest advance since 12-month data were first calculated in November 2010." |
Chris Dodd & Barney Frank, The Hill "We believe the national interest will be best served by President Biden reappointing Jerome Powell to chair the Federal Reserve System." |
Rick Amato, RCM Internet ecosystems are currently dominated by a small cluster of tech giants, household names such as Facebook, Google, and Amazon, that thrive on personal data. But this state of affairs, largely a result of the last seismic shift in internet architecture, is ripe for change. Blockchain technologies are driving that change. While the driving forces of Web 2.0 are data and how online behaviors could be leveraged to influence offline consumption, Web 3.0, the next seismic shift, represents a reset - a fundamental change to massive global systems and industries. |
Joe Calhoun, Alhambra Investments The wise man is one who knows what he does not know. Lao Tzu or Socrates or neither It ain't what you don't know that gets you in trouble. It's what you know for sure that just ain't so. Mark Twain or Josh Billings or Artemus Ward or none of the above Stocks are at all time highs, credit |
Rob Smith, RealClearMarkets I remember it was a beautiful morning in Charleston, and I had walked over to the Farmer's Market at Marion Square. A nice, hippyish gal was selling her locally raised fruit and truck vegetables. She had one of those "Buy Local" signs. I was with an attractive blond. We were off to an early start that was sure to be a most pleasant day. That is, until I ruined the mood. I couldn't help myself! It was that sign, and the self-righteousness of her moral preening. Somehow, I was an evil capitalist if I didn't buy her locally grown green peppers over ones grown in California. So instead of paying... |
Ira Stoll, The New York Sun Explaining a newly leaked House Ways and Means Committee plan to raise taxes by $3,000,000,000,000, a Wall Street Journal news article reports, "Rep. Richard Neal (D., Mass.), the committee chairman, has said that detailing tax-increase plans too |
Jonathan Weisman & Jim Tankersley, NYT The House Ways and Means Committee's proposal to pay for trillions in social spending leaves wealth gains and inheritances largely alone. It focuses instead on a more traditional target: income. |
Paul Katzeff, Investor's Business Daily 17 Defensive Steps For Protection Against Likely Federal Tax Increases |
Ben Schreckinger, NYP In this exclusive excerpt, Ben Schreckinger reveals how Jim and Hunter opened doors and profited using Joe Biden's name and influence. |
Annie Logue, Motley Fool If you have high-interest debt, plan to retire early or think you might need long-term health care, there are wiser moves than maxing out your 401(k). |
Steve Sjuggerud, Am. Consequences For investors getting nightmare déjà vu, here's some assurance that today's booming housing market is not that of 2008. |
Rob Williams, Charles Schwab Here are five ways having a financial plan can help you. |
Brad McMillan, Commonwealth Financial Network Despite a recent rally for the markets, Commonwealth CIO Brad McMillan says we may see volatility ahead. |
Bill McBride, Calculated Risk What is happening? Why? And what will happen. |
Richard Moody, Regions Bank |
Liz Ann Sonders, Charles Schwab Since COVID's wrath began, the stock market has gone through three major phases of leadership, with a fourth possibly underway driven in part by seasonals. |
Jerry Bowyer, Vident Financial Despite predictions last year and earlier this year that inflation would be transitory, it has not transited away, but rather transitioned upwards. |
Ironman, Political Calculations The growth of trade between the U.S. and China flashed warning signs in July 2021. |
Julia Horowitz, CNN After notching heady gains this year, US stocks could be in for a back-to-school reality check. |
Market Minder, Fisher Investments On the 20-year anniversary of 9/11, we reflect on what America lost—and didn't lose. |
William Luther, AIER "Bitcoin's supply mechanism fails to provide a long-run nominal anchor or promote monetary stability. A better money would employ a supply mechanism that offsets changes in the demand to hold it." ~ William J. Luther |
Casey Bond, U.S. News & World Report Now could be a great time to become a landlord. Mortgage rates have been hovering near historic lows, and though recent economic uncertainty has a lot of potential homebuyers thinking twice about taking on a mortgage, rental income could be a great way to pad your finances against ongoing turbulence. |
Asheesh Agarwal, The Hill China punished Jack Ma's Ant Group and other tech companies that offered new products without the government's permission. |
Gabby Birenbaum, Vox To fight climate change, cities need to be designed with much more walking, biking, and public transit use in mind. |
Anemona Hartocollis, New York Times The announcement is a major victory for the climate change movement, and marks a striking change in tone for the university. |
Kevin Williamson,NYP A generation of white men who grew up hearing that the problem with American institutions is that there are too many white men in them apparently has been listening. College attendance by men… |
Matt Stoller, BIG From railroads to plastic bags to semiconductors to ice cream, Wall Street and monopolists are creating shortages and exploiting them. |
Shirley Li, The Atlantic A culture of acquiescing to Beijing's censors is now the norm, and there's little sign of it changing. |
Dani Rodrik, Project Syndicate In one policy area after another – from trade to taxation to labor markets – the decades-old consensus in the United States has been replaced with something very different. But policymakers elsewhere would be wise to consider their own countries' circumstances carefully before following America's lead. |
John Rekenthaler, Morningstar The marketplace has delivered its verdict. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Ben Carlson, A Wealth Of Common Sense It's entirely possible the internet has created an environment in which mini-manias occur more regularly than they did in the past without creating a situation in which everyone collectively loses their minds. So we could have mini-bubbles that blow and pop without causing as much serious damage as when they were more widespread. |
Izabella Kaminska, FT Alphaville What's really at stake are the sociopolitical implications of who controls the digital monetary system. |
Michael Edesess, Advisor Perspectives I just had the strangest experience I've ever had reading a book. Before I read it, I hated Woke, Inc. with a passion. Then I read it. |
Alex Tabarrok, Marginal Revolution Operation Warp Speed was by far the most successful government program against COVID. But as of yet there is very little discussion or history of the program. |
Rebecca Heilweil, Vox The trial of Elizabeth Holmes, former CEO of Theranos, isn't a reckoning for the tech industry. |
Benji Jones, Vox Grasslands are anything but wastelands. |
Tanya Lewis, Scientific American Birth rates in many high-income countries declined in the months following the first wave, possibly because of economic uncertainty |
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