09/30/2020
Today Aaron Brown, RCM A recent report from Rand Corporation researchers has been making headlines with dramatic claims like median worker pay should be $102,000. Although the paper is technical, the $102,000 calculation is simple. The median full-year, full-time, prime age (FYFTPA) employee made an inflation-adjusted $47,000 in 1975 and $50,000 in 2018. But real per capital GDP rose almost 120% over that period, from around $26,000 to $57,000. If real median FYFTPA income had risen with per-capita gross domestic product, the median income would have been $102,000. |
Peter Earle, American Institute for Economic Research News over the last several days of a rise in Covid-19 infections raised concerns regarding a “second wave” of coronavirus infections; and in turn about new rounds of lockdowns and other restrictive measures. One could be forgiven for wondering why if stay-in-place orders, interstate movement restrictions, and other such tyranny didn’t scare off or confuse the virus in the spring and summer, they would suddenly prove effective in the fall. There are fewer people to infect now than in early 2020 (owing to immunities), and the most vulnerable are... |
Joseph Calhoun, Alhambra Investments The economic data over the last month continued to improve but the breadth of improvement has narrowed. Additionally, while most of the economic data series are still improving, the rate of change,? |
Mark Hulbert, MW Individual investors as a group are doing better than most U.S. equity mutual funds |
Aimee Picchi, USA Today Social Security offers the choice to take the benefit as early as age 62 —an option that may appeal to more older Americans given high rates of unemployment in the pandemic. But some people may regret that decision if they resume working as the economy improves. Luckily, they may be eligible for a do-over. Recessions and a jump in early Social Security claims go hand-in-hand, according to research from the Center for Retirement Research at Boston College. Already, there’s evidence that some older workers are getting pushed into retirement, with a 7-percentage-point increase in the... |
Jonathan Russo, Worth "When I had my 'lightbulb moment,' the realization that America which invented the lightbulb no longer made one, I also realized that the societal costs of offshoring manufacturing was disastrous," James A. Stuber told Worth. |
Paul Rosenzweig, Slate In 2016, I thought that the U.S. decision to relinquish the last vestiges of its stewardship over the internet was a mistake. Now, I suspect I was wrong. |
Douglas A. McIntyre, 24/7 Wall Street If Disney is laying off 28,000 that is an ominous sign for the economy. |
Ron Johnson, Fox After we released our report on the sordid involvement of Joe Biden's family with corrupt foreign oligarchs and officials some media outlets reacted with exaggerated yawns. |
Editorial, New York Times Donald Trump's tax returns illustrate the profound inequities of the tax code and the shambolic state of federal enforcement. |
John Avlon, CNN Trump kept living a lavish lifestyle while losing millions of dollars, and parlayed it into becoming president, in part by assuring people he was a successful businessman. As this report shows, he isn't. |
Editorial, I&I A report drafted by two Senate committees raises serious issues about Biden family behavior. |
Allison Schrager, Manhattan Institute The Narrative "At a time when about half of American households over the age of 55 have no retirement savings and one out of five seniors are trying to live on less than $13,500 a year, our job is not to cut Social Security. Our job is to expand Social Security so that everyone in this country... |
Market Minder, Fisher Investments A look at what recent political developments in Italy, Canada and the UK mean for markets. |
Ryan Detrick, LPL Financial Research Market Blog The first presidential debate is tonight, September 29, with millions of people expected to tune in to see how each candidate handles the pressure. With tensions heightened amid an elec? |
Various, Charles Schwab Why investors should focus on their financial plans in the run-up to the 2020 election. |
Richard Moody, Regions Bank |
E.J. McMahon, Manhattan Institute Exploring the history of NYC's past budget crises, restoring the FCB's authority over spending could help deliver the city out of this Covid crisis. |
Richard Salsman, InterMarket Forecasting Inc. |
Donald Boudreaux, American Institute for Economic Research Art Carden is correct: Kristian Niemietz’s 2019 book, Socialism: The Failed Idea That Never Diesis superb. Yet it’s also deeply depressing. Of course Niemietz’s recounting of the immiseration and often murderous tyranny unleashed by socialism is dismaying. But to anyone who is reasonably informed, the fact that socialism has an unbroken record of calamity and authoritarianism isn’t news. The most depressing feature of Niemeitz’s volume, at least for me, is its cataloging of human gullibility. |
Dana Brownlee, Forbes How you spend your morning can dramatically impact the productivity of your entire day. If you're looking for a productivity boost, consider adding one of these four healthy morning habits. |
Kerry Hannon, MarketWatch Being a caregiver is financially and emotionally draining. But you can plan for it |
Brian Galle, USA Today Why do we care about President Donald Trump's tax returns? Is it just because they offer us another episode of reality TV, a window into the lives of the rich and famous? I would argue there are at least three things we learned from the president's returns that should concern us as voters, not just as voyeurs. First, we learned that it is possible he has not been honest with the IRS, and may even face potential criminal liability for his dishonesty. Presidents demand sacrifices from citizens and from public servants. Some of us are asked only to pay taxes; others are asked to... |
Bob Maistros, Issues & Insights Shocking charges made against The Donald based on thinly sourced or withheld information? Where have we heard that one before? |
Jeanna Smialek, New York Times A Federal Reserve survey of family finances shows that inequality was high last year. It's likely to worsen because of the pandemic. |
Diane Mtetwa, Motley Fool You need to work to sustain your lifestyle – but you also hope your hard work provides you with a comfortable retirement. Reaching retirement age only to learn this dream won't come true can devastate anyone. Make sure that doesn't happen to you. You can retire successfully, but you'll need some careful planning. These 6 steps will help you get started. |
Jonathan Morduch & Sidhya Balakrishnan, The Hill The current confluence of events â?" uprisings against racialized police violence, a global pandemic, an unfolding economic crisis â?" have created a desire for change. |
William Petri, MarketWatch A top medical researcher explains how we would know if a vaccine is safe and effective |
Michael Grynbaum, New York Times In a new show on a new network, the anchor wants a 'no pundits' approach: 'We're not interested in helping you know how to think.' |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
James Picerno, The Capital Spectator It’s a tall order but housing’s enjoying a V recovery and history suggests that this key slice of the economy plays a critical role in the business cycle. Is this a macro silver bullet for 2020 and beyond? |
Sandwichman, EconoSpeak The real story of Donald Trump's finances. |
Nouriel Roubini, Project Syndicate The presumption that Republicans are better than Democrats at economic stewardship is a longstanding myth that must be debunked. For all Americans who care about their and their children's future, the right choice this November could not be clearer. |
Nick Maggiulli, Of Dollars & Data Stocks are sky high, but this isn't 1999. Here's why. |
John Rekenthaler, Morningstar Not by expecting bonds to behave like equities, you won't. |
Andrew Prokop, Vox He has personally guaranteed $421 million in debt. We know some information about it. |
Chris Patten, Project Syndicate Four examples of the Chinese leadership's duplicity and mendacity demonstrate that the last thing the world should do is trust the Communist Party of China. If governments recognize this and act together, the sooner the Beijing bullies will have to behave better. |
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