What I Am Reading
Wednesday, June 16, 2021
Markets
- Lumber Prices Are Falling Fast, Turning Hoarders Into SellersWall Street Journal
US
- U.S. retail sales take step back as spending pivots to services, trend remains strongReuters
- Retail Sales Dropped 1.3% in May as Pandemic Shopping Habits ShiftedWall Street Journal
- Retail sales producer price index May 2021 jumps 6.6% from May 2020CNBC
- Rents for single-family homes just saw the largest gains in nearly 15 yearsCNBC
- White House says child tax credit should boost economy, offset unemployment phaseoutReuters
US II
- Lina Khan, Critic of Large Tech Firms, to Lead Federal Trade CommissionWall Street Journal
- Congressional Democrats wary of U.S. Senate infrastructure planReuters
- You Are Not Paying a Higher Relevant Tax Rate Than BillionairesAIER
- Opinion: The rich got richer while millions lost their livelihoods. It's time for a wealth taxNew York Times
China
- China Repackages Its History in Support of Xi’s National VisionWall Street Journal
Geopolitics & trade
- Aerospace:U.S. and EU Agree to Suspend Airbus-Boeing Trade FightWall Street Journal
- Airlines:Southwest Airlines cancels 500 flights after second technology issue in two daysCNBC