07/22/2020
Today Heather MacDonald, Imprimis The following is adapted from a lecture delivered on June 18, 2020, for a Hillsdale College online symposium, "The Coronavirus and Public Policy." Over the last four months, Americans have lived through what is arguably the most consequential period of government malfeasance in U.S. history.... |
Josh Barro, New York Limited capacity may be possible at theme parks and retail stores during the COVID-19 pandemic, but it probably won't work at schools if we hope for any kind of normal educational experience. |
Chad Maisel, The Hill The most vulnerable families across the nation need more assistance. |
Brad Polumbo, Washington Examiner This week, Congress will fight it out over whether to reauthorize the supercharged unemployment benefits established in the COVID-19 relief bill. Extending the benefits would be a grave mistake. It would turn legislators' initial error into a long-term flaw in our economy. |
Ben Casselman, New York Times A weekly supplement has helped the jobless to pay their bills and cushioned the economy. As it expires, Congress will determine what comes next. |
Jerry Bowyer, Vident Financial Which sectors are the big drivers of economic output? As we've seen in the past, some of the highest profile industries (movie theaters, concerts, professional sports) are actually not all that important to total economic output. |
Christopher Baecker, The American Spectator This spring my 15-year-old got Invisalign to straighten her teeth. We didn't feel they "needed" as much work as those... |
Shawn Langlois, MarketWatch Aaron Brown, author and former managing director at AQR Capital Management, explained in an op-ed for Bloomberg News why 401(k)s "no longer make much sense"... |
Jacob Vigdor, CJ A generous safety net doesn't mean much if you can't find jobs or afford housing. |
Editorial, New York Sun The vote of the Senate Banking Committee to confirm Judy Shelton for a governorship of the Federal Reserve marks an important step in the right direction for our central bank. It was a party line vote, but it sends the nomination to floor with a favorable signal — amid a Covid crisis that has put great strains on the economy. The Washington Post reckons the nomination “will likely be assured through a vote by the full Senate.” |
Donald Boudreaux, American Institute for Economic Research Among my all-time favorite books is Deirdre McCloskey’s 1990 volume, If You’re So Smart. In it, McCloskey explains the enduring relevance of what she calls “the American Question:” If you’re so smart, why ain’t you rich? |
Nicole Gelinas, New York Post Are we allowed to be sad about frivolous things? Amid far worse news comes a twinge: British Airways will retire its fleet of 747s, effective now. |
Jeff Erber, Grey Owl Capital Management |
Doug Badger, Heritage A lot has happened in Florida in the two weeks since I last analyzed its COVID-19 numbers. Unfortunately, not much of it is good. Florida has reported almost as many cases among its residents over the past two weeks as it did over the previous three and a half months. The newly infected population has trended younger, which is an encouraging sign. That has helped reduce the percentage of infected patients who fall seriously ill and cut the ratio of deaths to reported cases. |
Market Minder, Fisher Investments Markets likely aren't hung up on whether the new assistance amounts to too little, too late. |
Brian Wesbury & Robert Stein, First Trust Advisors |
Various, LPL Financial Market Blog Based on the latest polling data, there's growing consensus that former Vice President Joe Biden potentially may win the election and Democrats possibly may sweep Congress. Some might t? |
Richard Moody, Regions Bank |
Liz Ann Sonders, Charles Schwab Rate of change and inflection points in economic data drive stocks; but in these unique times, the level of said data needs to be considered, too. |
Tommy Beer, Forbes Musk ranked outside of the top 30 on Forbes' Billionaires List as recently as mid-March, with a net worth less than $25 billion. |
Rainer Zitelmann, Washington Examiner For weeks now, the "Frugal Four," a group of northern European states including Denmark, the Netherlands, Austria, and Sweden, plus Finland, have been facing off against France and the continent's southern member states, especially Italy and Spain. The occasion for debate has been a proposed 750 billion euro coronavirus recovery package. The southern nations want their northern counterparts to approve billions in grants, but the Frugal Four are determined to attach conditions to any handouts. |
Phillip Magness, American Institute for Economic Research As the United States experiences a surge in COVID-19 outbreaks with most of it concentrated in regions that avoided the earlier wave that struck the Northeast back in March and April, the media has adopted a new explanation to continue its longstanding rationalization of society-wide lockdowns. As the argument goes, most European states (including those that were harder hit than the US) followed a “responsible” pattern of quashing the virus through heavy-handed lockdowns and shelter-in-place orders, and only began the reopening process when its data-driven models said it was... |
Ruchir Sharma, New York Times Hint: It's not the United States or China. |
Nicole Gelinas, New York Post The mass exodus of wealthier people from dense cities such as New York and San Francisco will be a catastrophe for the cities if it keeps up. It will also be a disaster for the suburbs to which these affluent refugees are moving. |
Adam Shell, USA Today Newsflash for investing newbies: You don’t need a Ph.D. in finance to start saving for retirement or other long-term goals. But you can’t rely on beginner’s luck either. You need to learn and implement some basic investing concepts. Keep it simple. Even acing Investing 101 strategies will help you achieve goals like saving for a home, boosting your 401(k) balance so you can retire in style, or becoming a millionaire. |
Mark Hulbert, MarketWatch Residential real estate turns out to be a solid a portfolio diversifier |
Sam Liccardo & Bryan Barnett, Hill We need not pit the health of our workers and our businesses against each other. We need both. Let's end the stalemate in Washington, and get America back to workâ?"safely. |
Lou Carlozo & Paulina Likos, U.S. News & World Report MANY PARENTS ARE anxious about providing for their children into adulthood but they can start to share this duty by gradually incorporating their kids into money management decisions. |
Ruth Mason, The Hill To make business safe for American companies abroad, and to secure its own tax revenue, the United States must cooperate to reform international tax. |
Travis Nix, Washington Examiner More people could be out of work soon because of misleading reports about America's most successful economic relief program. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Peter Suderman, Reason Though the unemployment insurance benefits boost eased the immediate pain of shuttering much of the economy, it made it harder to get things moving again. |
Jeffrey P. Snider, Alhambra Investments There is a tremendous difference between the world de-dollarizing and those living in it being de-dollared. The former is a choice, the latter a fact of existence since August of 2007. |
Joshua M Brown, The Reformed Broker King Dollar is having some trouble at the moment. |
John Authers, Morningstar Does this bode well for small-value stocks? |
Whitney Kimball, Gizmodo Adding to TikTok’s litany of woes, the House voted overwhelmingly yesterday to prevent government employees from installing TikTok on government-issued devices—inching closer toward the transnational goal of eradicating the Chinese-owned company from the face of the earth. TikTok clapped back with the announcement that it’s going to add a ton of jobs to the U.S. economy. |
Macromon, Global Macro Monitor When will Mr. Market price in the reality of Biden's tax changes? |
Ben Hunt, Epsilon Theory The investors facing a hangover are small family offices, plied with endless offerings of fee-heavy SPVs and SPACs by multi-billion dollar asset managers. |
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