10/19/2021
Today
Heather Long, The Washington Post American families and businesses are changing their habits as they increasingly believe high prices are here to stay. |
Joseph Calhoun, Alhambra Investments It was the best of times, it was the worst of times... Charles Dickens, A Tale of Two Cities Some see the cup as half empty. Some see the cup as half full. I see the cup as too large. George Carlin The quote from Dickens above is one that just about everyone knows even if they don't know |
Rebecca Heilweil, Vox Despite what conservatives say, Joe Biden is not trying to ruin the holiday shopping season. |
Rob Smith, RCM I would like to apologize to my dear deceased mother. I would also like to apologize to the few women I have hoodwinked into thinking I am a gentleman. As an amateur linguist and hack wordsmith, one searches for "le mot juste" to give a sentence some panache, some resiliency, a pinch of the right seasoning. Honestly, I am somewhat triggered by the forthcoming word. The sweet deceased woman mentioned above crammed a bar of Ivory soap down my throat upon my utterance of this word as a young tyke. I was just trying to get my point across! Here goes. Little Ralphie is not going to get his Red... |
P.J. O'Rourke, American Consequences Unfurling from a funeral, P.J. ghosts the world to meditate on the business of life and bask in the banal ecstasy of doing nothing at all. |
Harry William Baumgarten, The Hill Why would we risk the full faith and credit of the United States on an untested theory based upon a murky provision that does not even mention the national debt? |
John Tamny, RCM In 1980 total U.S. federal debt was roughly $900 billion. Today it's $30 billion. It all brings up a "trick" question of sorts: With total federal debt over thirty times greater than it was roughly 40 years ago, wouldn't borrowing costs for the U.S. Treasury be much higher to reflect the debt explosion? Wouldn't they in particular be much higher in consideration of the various "unfunded liabilities" that Treasury's on the hook for, and that deficit scolds continue to remind us of? It seems that more than a few would reasonably respond that Treasury's borrowing costs must be higher to reflect... |
Michelle Toh, CNN Evergrande's troubles are part of a much bigger problem. Here's a look at how it first originated. |
Zeeshan Aleem, MSNBC Their bid to promote ethical investing as good for the masses is a shameless diversion. |
Wayne Winegarden, RCM If Willie Phillips, President Biden's nominee to serve on the Federal Energy Regulatory Commission (FERC) is confirmed by the U.S. Senate, Democrats will take a 3-2 majority on this important body that oversees the delivery of reliable and affordable power for the American people. If the Biden administration really wants to make progress in its stated goal of expanding America's clean energy future, it should embrace competitive electricity markets. Expanding electricity competition would be a rare win-win policy that would improve consumer welfare and lower greenhouse gas emissions. |
Peter Coy, New York Times Employers are missing out on a large talent pool by insisting on diplomas for jobs that don't require them. |
Christian Schneider, USA TODAY This scandal isn't one you want to let pass by without concrete answers. |
Justin Weidner, Deutsche Bank Group |
Frank Moraes, Commodity.com What states produce the most renewable energy? You might be surprised! We've put all the data together and highlight the top 15 states. |
Collin Martin, Charles Schwab Rather than waiting on the sidelines, consider short-term, fixed-rate corporate bonds. |
Richard Moody, Regions Bank |
Ben Thompson, Stratechery Carlota Perez documents technological revolutions, and thinks we're in the middle of the current one; what, though, if we are nearing its maturation? Is crypto next? |
Jeffrey Kleintop, Charles Schwab Persistently going from one transitory source of inflation to the next may keep inflation elevated for longer than markets currently anticipate. |
Carrie Schwab-Pomerantz, Schwab Here are the top five reasons people give for not having a financial plan—and why everyone needs one. |
Charles Gasparino, NYP A 2018 meeting between Gary Gensler and Jay Clayton set the tone for cryptocurrency policy in the US. Now, Charles Gasparino writes, there is a regulatory mishmash that is stifling crypto innovatio… |
Peter Coy, New York Times They are victims of rising prices, not the perpetrators. |
David Stockman, Brownstone the age-adjusted death rate from all causes in America during 2020 was actually 1.8% lower than it had been in 2003 |
Peter Earle, American Institute for Economic Research "The tradeoffs of pandemic policies were apparent early on, and now include mounting levels of fraud, theft, and violence. Although it is unlikely, hopefully that revelation will inform future policy choices." ~ Peter C. Earle |
Joseph Kasputys & Joseph Minarik, Hill Like any household or business, the nation must address its needs and wants in the context of a sustainable budget. |
Julia Horowitz, CNN The biggest US banks move trillions of dollars around the world every day. That gives them a unique lens on how the economy is functioning, both in the United States and globally. And despite concerns about inflation, workers quitting, supply chain issues and slowing growth, bank executives just delivered a clear message to investors: We're in pretty good shape right now. |
Tim Ryan Williams, Vox It's not always clear what the public wants. But a new poll shows strong support for taxing the rich to pay for Democrats' Build Back Better Act. |
Mike Ozanian, Forbes The average NBA team value has risen 13% since February, to $2.48 billion, behind record sponsorship revenue and high expectations for the league's next media rights deal. |
Matt Welch, Reason Nancy Pelosi, Elizabeth Warren, and co. insist that the IRS needs to know about $600 bank accounts. |
Collaborative Team, Collaborative Fund How to survive a world when what's right almost always sounds crazy at first. |
Umair Irfan, Vox Insurers are getting rocked by climate disasters. They're also shaping how we prepare for the next one. |
Jeanna Smialek, NY Times Economic policymakers have said inflation will prove temporary, but rising rents may challenge that view and pressure Washington to react. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Alex Tabarrok, Marginal Revolution It's time to reup the idea of buying coal mines and shuttering them. |
macromon, Global Macro Monitor The market narrative explaining the breakdown in the global supply chain is starting to come together |
Ari David Blaff, Quillette As "Big Tech" assumes the role of corporate super-villain, its users absolve themselves of personal responsibility. |
Tom Lauricella & Leslie Norton, Morningstar Despite the stock's meteoric rise, shareholders are pushing back against Tesla's management and board. |
Philip Turner, Project Syndicate Over time, central banks have been given additional objectives and have expanded their policy toolkits accordingly, particularly when called upon to prevent major shocks from triggering global depressions. But with policy innovation comes new risks, not least to central banks' independence. |
Eric Boehm, Reason We've turned the presidency into an omnipotent office, and we expect that our gifts and government checks will be delivered on time. |
Allison Schrager, City Journal The White House's assertions that the reconciliation bill costs $0 is not credible |
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