04/11/2020
Today Peter Earle, American Institute for Economic Research One hundred days ago, on December 31, 2019 — not long past noon, which is to say less than twelve hours before the new year 2020 would ring in — a website run by the Chinese government reported that a “pneumonia of unknown cause” was sweeping through Wuhan, an industrial city which is home to over 11 million people. |
Calhoun, Parrott and Zandi, CNN Unfortunately for the mortgage servicers who collect these payments, they are still on the hook to the investors who provided the cash lent to mortgage borrowers. |
John Tamny, RealClearMarkets No act of saving ever subtracts from demand. Ever. Short of a saver literally stuffing unspent wealth under a mattress, saving is merely the act of shifting consumptive ability to someone else with... |
Juleanna Glover, USA Today |
Aaron Blake, The Washington Post Some of the pressure is coming from Trump?s conservative media allies, but as we?re increasingly learning, it?s also coming from within his administration. |
Arthur Petersen, RealClearMarkets DON'T LIVE - YOU MAY DIE (or Why are we destroying the economy for this?) Note: All figures below are from the CDC, National Health Center and worldometerinfo As of April 8, 2020, there have... |
Bruce Thompson, Washington Examiner As Congress and the Trump administration work on a phase four economic stimulus package, they should seriously consider one more bold step to jump-start the economy: a capital gains tax rate cut. In fact, they should implement a zero capital gains tax rate for all investments made through the end of next year. |
Nigam Arora, MarketWatch There will be a big shift in the economy, helping the likes of biotechnology and semiconductor stocks |
Kirk Arner & Harold Furchtgott-Roth, RCM |
Bethany McLean, The New York Times America's energy independence was an illusion created by cheap debt. All that's left to tally is the damage. |
Jamie Hopkins, Forbes 5 Ways The CARES Act Impacts Retirement Planning |
David Henderson, Hoover Institution With all the mistakes by government, one thing that's working really well is the free market. |
Brett Ryan, Deutsche Bank Group |
Carrie Schwab-Pomerantz, Charles Schwab Worried about selling in a down market? There's more than one way to come up with cash when you need it, says Carrie Schwab-Pomerantz. |
Kevin Fowler, Volusion See which public colleges boast the highest earnings for students post-graduation |
Ilya Gofshteyn, Standard Chartered |
Brandon Medina, Construction Coverage |
George P. Shultz & Michael Boskin & John Taylor, Proj. Syndicate Government policies restricting the operation of markets usually do more harm than good. Even in times of crisis, such as the current coronavirus pandemic, policymakers should do everything possible to keep markets working and private incentives strong. |
Noah Wall, RCM To flatten the COVID-19 curve, state governments have shut down the operation of thousands?maybe millions?of small businesses across the United States. Similar to a federal government... |
Morgan Housel, Collaborative Fund Desire for economic forecasts surges right when our ability to accurately forecast plunges. |
Robert Wright, American Institute for Economic Research It’s unsurprising that governments around the world have reacted so strongly to COVID-19. I think the game-theoretic model below explains the first round nicely. It also provides insight into what round two might look like. For game theory aficionados out there, I am not saying that this is the best way to model the world. I think, though, it is the way most politicians and their advisors think. |
Christopher Schelling, Institutional Investor And here's what will be hit the hardest. |
Allison Schrager, Manhattan Institute |
Howard Marks, Oaktree Capital It may not be THE bottom but there is value available in the market. |
Nathanael Johnson, Grist The sudden shift in the way Americans shop is stunning. |
Veronique de Rugy, National Review While our country is in the middle of a pandemic, with a quarantine, deaths, and an economic nightmare, politicians are using the crisis to promote big-government schemes. |
Maryalene LaPonsie, U.S. News & World Report SAVING MONEY TO YOUR retirement fund is only part of ensuring a financially secure future. The other half involves making smart decisions about when and how to withdraw cash. |
Howard Gold, MarketWatch 15 top planners tell us what people retiring soon should do now |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Macromon, Global Macro Monitor The Fed announced it is bailing out junk bonds today, Wall Street has now morphed into a full-blown "Soviet Sausage Factory." |
Kevin Williamson, NR The current economic crisis doesn't have to be existential. |
Fiona Zublin, Ozy This pandemic is unlikely to lead to many bundles of joy. |
John Cochrane, The Grumpy Economist Getting American back to work is going to be a huge job. |
Christine Benz, MStar Running through our six-step checklist can provide peace of mind with your portfolio and plan if volatility persists. |
Dylan Scott & Emily Stewart, Vox It will be a long time before the economy recovers â?" and it won't be the same. |
Cullen Roche, Pragmatic Capitalism The US economy is a lot different now. |
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