07/17/2020
Today Allison Schrager, City Journal Joe Biden's vision of capitalism is a recipe for failure. |
Paul Krugman, New York Times Millions of unemployed Americans face imminent catastrophe. |
Barry Poulson & John Merrifield, The Hill This massive bailout of our state and local governments is not only bankrupting the federal government, it is undermining the future of the nation. |
Jeffrey Snider, RealClearMarkets Mikhail Sergeyevich Gorbachev was awarded the Nobel Peace Prize in 1990 “for his leading role in the peace process which today characterizes important parts of the international community.” Maybe, but it sure didn’t start out that way. By that, I don’t mean to suggest Gorbachev was some warmonger cloaking himself in the language of peace. On the contrary, the man was sincere. He was also sincere in his commitment to Communism and the Soviet way. What ultimately led him to such international acclaim was first his honesty in looking inward at that system itself. The rest... |
Jordan Weissmann, Slate Everyone thought they had a little more time to extend aid to Americans, but they apparently circled the wrong date. |
Lawrence McMillan, MarketWatch New recommendations: conditional buy of SPY puts and a buy of Wesco calls |
Joe Pencak, The American Spectator Since March, businesses across the country have seen revenues evaporate as the COVID-19 pandemic forced the shutdown of nearly all... |
Alexander Salter, American Institute for Economic Research John Maynard Keynes, the progenitor of modern macroeconomics, famously dismissed the gold standard as a “barbarous relic.” Commodity monies have been held in low regard by economists ever since. The disdain has spread to noneconomists in policy making circles, as well. Dr. Judy Shelton is a rare exception. She is a well-known defender of the gold standard. For this reason, her nomination to the Federal Reserve’s Board of Governors has been somewhat controversial. Even the Republicans on the Senate Banking Committee seemed concerned about her support for... |
Rachel Hartman, U.S. News & World Report |
David Skorton & Ross McKinney, USA Today |
Dylan Hildebrand, RCM The Uber-Postmates acquisition is barely worth the paper it’s been printed on. After failing to acquire Grubhub earlier this year, Uber eked out a small win by buying Postmates for $2.65 billion. It couldn’t have come soon enough for both companies. Despite getting battered on every front for alleged price-gouging, it’s no secret that food delivery services are struggling to survive. The competition between Uber Eats, Grubhub, Doordash, and Postmates is less like Microsoft-Apple and more like Sears-Kmart. Anti-trusters like Sens. Elizabeth Warren and Amy Klobuchar... |
Katie Brockman, Motley Fool Social Security benefits are a major source of income for millions of retirees, with around one in five married couples depending on their benefits for at least 90% of their income in retirement, according to the Social Security Administration (SSA). However, you may not be able to rely on your monthly checks as much as you think in the future. While the program is not going bankrupt or on the verge of collapse, benefit cuts are on the table. And there are a few signs those cuts could occur sooner than expected. |
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. |
William Briggs, The Stream COVID-19 cases did rise after lockdowns eased. A rise in cases sounds bad, but shouldn't panic us. There is no "spike" or "surge" in deaths. |
Jerry Bowyer, Vident Financial |
Carrie Schwab-Pomerantz, Charles Schwab Procrastination is not a good way to deal with market volatility, says Carrie Schwab-Pomerantz. Try dollar-cost averaging instead. |
Richard Moody, Regions Bank |
Collin Martin, Charles Schwab We can't rule it out completely, but we believe the risk is low. |
Julia Horowitz, CNN Business When the novel coronavirus sent investors running for the exits in March, there was a mad dash to snap up US dollars, the world's ultimate safe haven asset. |
Christian Britschgi, Reason So long as governments view lockdowns as their primary tool for combating COVID-19, they are in effect sentencing bars and other shuttered businesses to a likely death. |
Garrett Graff, Wired In a plot twist, the administration’s assault on the Chinese telecom giant is gaining traction. At heart, the US has an interest in its own electronic surveillance capabilities. |
Anna North, Vox "Families are not okay," one expert says. It's making the economic crisis way worse. |
Jeffrey D. Sachs, Project Syndicate As the world's largest economies, the G20's members have one overriding responsibility at their finance ministers' upcoming meeting: to agree on actions to suppress the pandemic. Ensuring effective public-health measures is today's essential economic policy. |
Maria Konnikova, Politico He wouldn't be the first president to take up the game, but there's a whole lot it could teach him about decision- making, human behaviorâ?"and winning. |
Morey Stettner, MarketWatch You dreamed of retirement for decades. Now it's a lockdown nightmare |
Rui Soares, FT Alphaville You won't get sustained higher inflation unless you also get currency devaluation. |
Mike Cosgrove, Hill Biden's economic platform focuses on reducing the incomes of those at the top and redistributing that income to those deemed to be in need. |
Matt Egan, CNN Goldman Sachs revealed a 41% surge in revenue Wednesday as the Wall Street bank capitalized on booming markets and a flurry of dealmaking. |
Peter St. Onge, Mises Institute The dumpster fire of COVID predictions has shown exactly why it's important to sustain and nurture skeptics, lest we blunder into scientific monoculture and groupthink. |
Jeffrey Tucker, American Institute for Economic Research What’s closed in the arts? Nearly everything. Unless you want to switch on your laptop. Otherwise forget it. Hardly anyone is being paid for live performance of anything. Many volunteer choirs are banned from rehearsing. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Vitaliy Katsenelson, Contrarian Edge Tesla’s stock price depends on Elon Musk's ability to maintain a temporal wormhole. |
Danielle Wiener-Bronner, CNN In early July, farmer Jeremy Storey dropped off an order of eggs at a restaurant's back door as planned and continued on his way. |
Scott Sumner, The Money Illusion The more things change.... |
Ronald Bailey, Reason It's uncanny how solving climate change just happens to require the progressives' longstanding economic agenda. |
Morgan Housel, Collaborative Fund Everyone is innocently short-sighted when trying to make sense of 2020. |
Nick Maggiulli, Of Dollars & Data On the different definitions of risk, what kind of risk is the most important, and what you can do about it. |
Macromon, Global Macro Monitor The U.S. economy is not real and in a current state of "suspended animation" The COVID rescue package has introduced significant distortions into the economy The "Corona Capitalists," some very well capitalized and liquid corporations, have accounted for a large portion of the loan volume in the Paycheck Protection Program (PPP). |
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