08/24/2020
Today Jason Hayes, Hill The Biden-Harris position on fracking and natural gas production is abundantly clear: No more fracking. |
Steven Rattner, New York Times Don't believe the story that Trump will tell at the Republican convention. |
Market Minder, Fisher Investments New bull markets generally don't need a strong job market to thrive. |
Eric Levitz, New York Magazine Thanks to the CARES Act, Americans have saved roughly $930 billion more in recent months than they were on pace to save before the pandemic. Thus, while the unemployment rate remains in double digits, U.S. households are richer than ever. |
John Tamny, Forbes What monetarists obsessed with so-clled "money supply" have long missed is that money is the sequel, not the original feature. |
Maxford Nelsen, Washington Examiner Much has been written in recent years about the growth and legal status of nontraditional labor organizations, often referred to as "worker centers," "alt-labor" groups, or "union front organizations." But other than some congressional hearings, little has been done. |
Andrew Wilford, RCM The coronavirus pandemic and the subsequent expected spike in mail-in voting in the 2020 election have made the question of a bailout for the Postal Service (USPS) a much more contentious issue than it otherwise would be, with even Taylor Swift weighing in. But while it isn’t possible to completely separate the matter of USPS funding from the need to have a functional infrastructure in place to transport and collect mail-in ballots, such electoral concerns should not be allowed to overshadow the fact that the Postal Service badly needs reform. The Postal Service was designed to... |
Robert Brandon & S. David Fineman, USA Today Since our country’s infancy, the ability to deliver and receive mail has been essential. It’s why the United States Postal Service is part of our Constitution. The Founders recognized the invaluable role the Postal Service played in the creation of America and would continue to play far into the future as a service to everyone. This is why its Board of Governors is made up of appointees from both parties, and it is why, until recently, the Postal Service acted without interference from the White House. |
Raymond Niles, AIER Lyft and Uber have gotten a temporary reprieve and have been walked back from the gallows. A California appeals court has issued a temporary restraining order barring enforcement of California law AB5, which would have forced both companies to reclassify their drivers as employees, rather than as independent contractors. Both companies had planned to shut down operations in the state at midnight yesterday, rather than obey the law. |
Steve Forbes, What's Ahead What's ahead for dollar policy? Is it golden? |
Julia Horowitz, CNN Top stocks like Apple and Google parent Alphabet have staged dramatic comebacks this year. Even more impressive? The bounce in the Russell 2000, which tracks smaller US public companies. |
Christy Bieber, Motley Fool Did you know that Americans have a preference for certain numbers, and in particular the number zero? This may seem like a harmless fact, but this odd quirk of human behavior could be very costly. The problem, according to recent research: Some people with a bias toward zero are choosing the wrong target date funds in their retirement accounts and are exposed to the wrong level of risk because of it. This zero bias has also caused others to make a pick that exposes them to more risk and thus earn better returns (but that won't always work out). |
Kathy Jones, Charles Schwab Real yields have dropped into negative territory as inflation expectations rise. |
Ryan Detrick, LPL Financial Research Market Blog "Better late than never." It took a while, but the S&P 500 Index finally made a new all-time high, coming all the way back from the vicious 34% bear market in less than six months.? |
Jerry Bowyer, Vident Financial |
Richard Moody, Regions Bank |
Bernard Sharfman, The FinReg Blog |
Jeffrey Buchbinder & Ryan Detrick, LPL Financial |
Richard Moody, Regions Bank |
Anne Krueger, Project Syndicate Although massive current spending in response to the COVID-19 pandemic seems justified, policymakers will have to address the mounting public debt once the crisis has passed. Policymakers will be strongly tempted to impose an interest-rate ceiling on financial institutions, but conditional tax increases would be preferable. |
Tim Duy, MSN The key provisions of the CARES Act have mostly expired, but they have given a big boost to consumer savings. |
Michael Tubbs & Melvin Carter, CNN For millions of Americans, the initial stimulus checks provided through the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which allotted $1,200 per adult and $500 per child for households under a certain income threshold, lasted only a few weeks. |
Annie Lowrey, The Atlantic Trying to replace government with personal initiative requires an impossible amount of energy. |
Preston Caldwell & Eric Compton, Morningstar Risks are far lower than during the last U.S. financial crisis, despite COVID-19's impact. |
Matt Phillips, The New York Times The debt of the United States now exceeds the size of its gross domestic product. That was considered a doomsday scenario that would wreck the economy. So far, that hasn't happened. |
J.D. Tuccille, Reason.com Patients and providers should be able to meet remotely without bureaucrats getting in the way. |
Jamie Powell, FT Alphaville Ket us play the devil’s advocate here, and argue that stock splits should alter a company’s market value (upwards). |
Brett Arends, MarketWatch Play U.S. stock rebound the cheaper way |
Todd G. Buchholz, Project Syndicate Like in World War II, the United States is piling on debt to confront a whole-of-society crisis, raising the question of who will foot the bill in the long term. But, unlike the post-war era, the underlying conditions for robust economic recovery today are less than favorable, placing an even greater onus on wise policymaking. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Scott Sumner, The Money Illusion People are often unwilling to accept the fact that other people believe what they claim they believe. |
Rusty Guinn, Epsilon Theory This is the COVID-19 election. |
Christian Britschgi, Reason.com The typecasting of builders as villains might help explain why NIMBYs so often win the policy battles over urban growth and development. |
Dan Lefkovitz, Morningstar A raft of companies have cut their dividends this year, leaving income investors concerned. But Morningstar's Dan Lefkovitz says there are still plenty of options out there. |
Monica Quibbits, Splice Today |
James Picerno, The Capital Spectator Depending on the slice of the Treasury market, inflation expectations are rebounding — or the outlook for economic growth is weakening. |
Macromon, Global Macro Monitor We do like hunting Black Swans though if purely defined we wouldn’t know what we are hunting. You know, the unknown unknowns thingy. |
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