New York Times (August 5)
U.S. retail investors are “unsinkable” at the moment. “Economists were alarmed last week when President Trump fired Erika McEntarfer, the commissioner of the Bureau of Labor Statistics, after a weaker-than-expected jobs report.” Markets sneezed, then “largely shrugged it off, despite potentially disastrous long-term effects to assets like the dollar. One big reason: retail investors didn’t seem as concerned as economists.” Retail investors are fearlessly buying on dips and “emerging as a potent investing force beyond meme-stock booms.”
Tags: Alarmed, Assets, Bureau of Labor Statistics, Buying, Dips, Disastrous, Dollar, Economists, Fired, Investing force, Jobs report, Markets, McEntarfer, Retail investors, Trump, U.S., Unsinkable
Fort Worth Star-Telegram (February 16)
“Once again, Texans are suffering because of a failure of disaster planning and investment to prepare for the worst. First, it was the pandemic…. This time, it’s an unprecedented — but, importantly, not unpredictable — stretch of cold weather and storms blanketing the entire state.” The resulting power outages could have been prevented. “There must be accountability. People must be fired. Companies must be fined and required to do better. Winterization of power plants must be a priority.”
Tags: Accountability, Cold, Disaster planning, Failure, Fined, Fired, Investment, Pandemic, Power outages, Prepare, Storms, Suffering, Texans, Unprecedented, Weather, Winterization
