10/15/2021
Today
Ken Fisher, RealClearMarkets Hurry up and taper! So say the consensus of pundits now, morphing from months of fearing the Fed ending quantitative easing's bond buying would crush stocks and the economy. Now they claim QE must end to tame soaring energy prices they now fear will crush global growth. Wrong and very wrong! QE cutbacks won't calm surging commodities—and needn't. Price pressures will ease as supply problems subside, sooner than most think. Here is why. Last month, I showed you why fables of past "tantrums" made 2021's QE taper fears false. QE never, ever stimulates. It flattens yield curves, saps banks'... |
Taylor Telford & Aaron Gregg, The Washington Post Waves of Americans are leaving their jobs in the "Great Resignation." Here's why. |
Laura Greaver, American Consequences We profile Stansberry Research's newest star, Matt McCall, whose story is some version of the old-school American dream. |
Bill McKibben, New Yorker The latest incident comes as the fossil-fuel industry heads into a terminal decline. |
Chad Brown & Douglas Irwin, New York Times The pandemic showed how vulnerable we are to a globalized economic system. But an entirely domestic industrial policy may actually backfire. |
Alex Hendrie, Hill Working families will see fewer jobs, higher prices, lower wages and reduced life savings under the Democrats' tax hike plan. |
Emma Kerr, U.S. News & World Report Quarterly taxes are estimated payments made on a quarterly basis to the U.S. Internal Revenue Service for income that is not subject to withholding. As the U.S. workforce is increasingly engaged in freelancing, side gigs and self-employment, quarterly payments are a reality more taxpayers may soon be facing. |
Christy Bieber, Motley Fool While a 6% raise in Social Security income may sound nice, if it's not enough to keep up with rising costs seniors won't end up better off at all. |
Mark Gongloff, Bloomberg They should do what's right. |
Bill Walton, The Bill Walton Show Brownstone Insitute president Jeffrey Tucker lays it out for Bill. |
Jeffrey Snider, RealClearMarkets How could an inflationary environment persist, actually flourish, during a time when macroeconomic slack was at an extreme? Conventional economic theory uniformly said that when so many workers are sidelined by recession, this acts as a deflationary pressure on first wages before everything else in an economic system. Companies that can therefore choose from a large pool of relatively cheaper labor should then be able to pass along savings to customers in order to boost sales. A virtuous circle of discounting that helps kickstart the recovery side. Shockingly, this didn't happen during the... |
Michelle Toh, CNN Evergrande's troubles are part of a much bigger problem. Here's a look at how it first originated. |
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. |
Richard Moody, First Trust Advisors |
Martin C.W. Walker, LinkedIn With advances in artificial intelligence (AI), it seems that the range of economic activities that can and will be automated is now limitless. Not for the first time, society is both thrilled and fearful of the opportunities. |
David Heacock, FilterBuy.com Income inequality has been a major social, political, and economic issue since the Great Recession, and the uneven effects of the COVID-19 economy has only made the gaps between America's haves and have-nots even starker. These divergent economic fortunes will continue to have a major effect on housing in the U.S. |
Brian Wesbury & Robert Stein, First Trust Advisors |
Claire Jones, FT Alphaville Demanding the logistics industry works round the clock won't ease logjams, buying less stuff would. |
Joel Kotkin, Quillette For a generation, the Long Beach and Los Angeles harbors in California handled more than 40 percent of all container cargo headed into the US and epitomized the power of a globalizing economy. Today, the ships—mostly from Asia—still dock, but they must wait in a seemingly endless conga |
Dylan Scott, Vox The big unanswered question at the heart of Democrats' health care agenda. |
Mariana Mazzucato, Project Syndicate Now that the COVID-19 pandemic has highlighted the deficiencies of economic deregulation and market liberalization, a new policymaking paradigm is emerging. But its success depends on concrete reforms and the creation of new mission-driven institutions. |
Veronique de Rugy, Reason They favor special interests, hurt consumers, and have utterly failed to rein in China. |
Clifford Krauss, New York Times In the Middle East, Africa and Latin America, government-owned energy companies are increasing oil and natural gas production as U.S. and European companies pare supply because of climate concerns. |
Susan Dziubinski, Morningstar We think the payouts on these names are sustainable. |
Trish Regan, American Consequences Whether it's breakfast at your local diner or raw materials for global supply chains, inflated prices are hitting closer to home than ever. |
Paul Krugman, New York Times Corporations learn that extremism is not their friend. |
Ryan Bourne, Cato Economists are attuned to our terms being bastardised by politicians. In the mouths of presidents and Congress, "investment" is widely used as a synonym for "spending." "Infrastructure" today seemingly means any social policy Democrats think is worthy. A carbon tax was recently dubbed by White House spokeswoman Jen Psaki as a "corporate polluter fee." And in the most shameless dictionary land‐grab of all, President Biden, Nancy Pelosi, Ron Klain, and Psaki have repeatedly tried to redefine what we understand by the "cost" of the reconciliation bill—claiming that a $3.5 trillion bill... |
Melissa Kearney, Brookings Based on comments at an Institute for Research on Poverty webinar, Melissa S. Kearney breaks down the reasons why an expanded Child Tax Credit or child allowance should be part of the U.S. safety net. |
Joakim Book, Am. Institute for Economic Research For weeks, economists on social media and over dinner tables around the world have speculated on who might be receiving this year's Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. It's a fun little game that economists play - and some, stubbornly, refuse to play - on par with guessing the movies and actors nominated for the Academy Awards. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Scott Grannis, Calafia Beach Pundit There is no shortage of things to worry about. |
Matt Taibbi, TK News Notes from a surprise visit. |
Howard Husock, City Journal An obscure new law could help convert underutilized commercial properties into new housing. |
Nick Maggiulli, Of Dollars And Data On profound realizations and taking a different path in life. |
Charlie Bilello, Compound Advisors The 40-year decline in interest rates has put investors today in a difficult position. They are forced to either reach for higher returns or accept the reality of lower ones. |
Cullen Roche, Pragmatic Capitalism The money multiplier myth is finally officially over. |
Chris Taylor, Reuters You probably know Sammy Hagar as a music legend, either from his solo career or as a longtime frontman for Van Halen. What you might not know: The gravel-voiced 70-year-old is also an impressive business titan, with successful ventures ranging from spirits to restaurants. |
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