06/04/2020
Today Heather Long, The Washington Post Many shops and restaurants say they'll go out of business if they are forced to pay rent right now. But landlords face bankruptcy if rent doesn't come in. And cities and towns desperately needs the commercial property tax payments this summer and fall. |
Jeffrey Tucker, American Institute for Economic Research For three months, all we heard was the danger to life and civilization presented by a novel virus. Millions will die! Few will be spared! There will be unprecedented suffering unless we completely shatter the normal functioning of life. Lock down, shelter in place, and stand six feet apart – very strange exhortations never before heard in the modern history of annual viruses or any public policy in many lifetimes. |
Patricia Cohen & Tiffany Hsu, NYT Working from home has highlighted and compounded the heavier domestic burden borne by women. Now office reopenings may force new career sacrifices. |
Matt Clancy, City Journal Technological change means that working from home won't disappear when the virus does. |
Michael Fumento, I & I Sweden was right; meaning practically the rest of the world was wrong â?" at a terrible, terrible price. |
Ed Kilgore, New York Democrats have proposed a second round of stimulus payments â?" but it's unclear if Trump and Republicans will go along, as the sense of urgency in Washington has abated. Here's where negotiations stand. |
Chris Burns, Washington Examiner With the unemployment rate now officially hitting double digits and more than 20 million workers losing their jobs in April, families face an ongoing financial dilemma: how to pay for housing every month. Millions of households carrying mortgages see a steady mountain of payments accumulating at their doorstep and wonder how they can ever make it to the other side. While Congress has provided some help in the legislation it has passed to date, many people still face more questions than answers. |
John Tamny, RCM "I'd rather be an owner of something besides money that can disappear at any time in the bank." That's what Robert T. recently communicated to Wall Street Journal reporters... |
David Crane, City Journal Unnecessary spending on retiree health care is crushing the Golden State. |
Andrew Wilford, RCM Even before the pandemic accelerated the process, the digitization of the economy was well underway. This trend has not gone unnoticed by revenue-needy budget planners in other countries, and even... |
Jonathan Russo, Worth Elon Musk, Arianna Huffington, Marc Benioff and Diddy all have one thing in common. |
Frederick Hess & Joseph Fuller, The Hill We looked at post-graduation earnings based upon the selectivity of the college they attended |
Brian Wesbury & Robert Stein, First Trust Advisors |
Michael Bordo, Manhattan Institute How does the Fed's monetary policy response to the Covid-19 pandemic relate to historical experience? |
Richard Moody, Regions Bank |
Richard Moody, Regions Bank |
Allison Schrager, Manhattan Institute While the increases have been small, data suggests that people are slowly returning to restaurants. |
Jeffrey Kleintop, Charles Schwab Cyclicals typically lead the market higher when stocks rebound from a bear market and recessionâ?"but not this time. |
Binky Chadha, Deutsche Bank Group |
Rachel Hartman, U.S. News & World Report MANY PEOPLE DREAM OF AN early retirement at age 50, 40 or even younger. But those who leave behind the office at such a young age might not find retirement fulfilling. The amount in your savings or portfolio may not reflect how enjoyable you’ll find the coming years. |
Gene Marks, Hill The PPP is a success. So, what's the next, best thing Congress can do? Simply convert the loan program into a grant program. |
Karol Markowicz, New York Post New York City is still a full five days away from entering Phase 1. This will open up only some industries, like construction and manufacturing and retail on a pickup basis only. |
Matt Egan, CNN The stock market is not the economy. But rarely has the gap between Wall Street and Main Street felt so wide. |
Brad Polumbo, Washington Examiner Many of the anarchists and radical activists engaging in rioting and looting across the country are, ostensibly, doing so to protest police brutality and racism. But the long-term economic consequences of this destruction will only further the racial inequity rioters detest. |
Maggie Cordish, USA Today |
Therese Poletti, MW CFO calls huge forecast revision ?conservative,? showing belief that Zoom will still be a videoconferencing force after the pandemic |
Donald Boudreaux, American Institute for Economic Research As I and other economists never tire of pointing out, the case for free trade at home does not depend on other governments allowing free trade abroad. Economic prospects of the home country rise whenever the home government adopts a policy of free trade regardless of the policies of other governments. As Paul Krugman – who’s no one’s idea of a libertarian – wrote in 1997, |
Lawrence McMillan, MarketWatch The rally in the S&P 500 index remains strong and continues to defy detractors |
Ben Smith, New York Times Cable networks are facing threats, and opportunities, in a national crisis. Now, Fox is fighting back and CNBC is looking to the right. CNN is defined by Jeff Zucker, and he may run for mayor. |
Lawrence Clark, Foundation for Economic Education With summer coming, theme and amusement parks trying to reopen and rescue their business face immense obstacles, almost all caused by government mandates. These mandates may result in theme parks not opening, closing shortly after opening, or offering a poor customer experience. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Joseph Calhoun, RealClearMarkets I often hear investors say they want to wait for clarity about some issue before investing. Of course, once clarity is achieved it is too late to profit from it and those investors will inevitably be... |
Alec MacGillis, ProPublica The pandemic has cost jobs around the world. Comparing people who lost the same position in the two countries reveals that the U.S. government is spending more on unemployment — but its citizens are getting less. |
Leah McGrath Goodman, Institutional Investor Inside the world's most important data room. |
Kenneth Rogoff, Project Syndicate Even if the United States turns a blind eye to deglobalization's effects on the rest of the world, it should remember that the current abundant demand for dollar assets depends heavily on the vast trade and financial system that some American politicians aim to shrink. If deglobalization goes too far, no country will be spared. |
Susan Dziubinski, Morningstar These quality stocks have gained more than 15% in the last three months yet still look undervalued to us. |
Analysis Matt Egan & Matt Egan, CNN The stock market is not the economy. But rarely has the gap between Wall Street and Main Street felt so wide. |
Tyler Cowen, Marginal Revolution If I have learned one thing over the last few weeks, it is that the psychology of the American public is weirder — and perhaps more flexible — than I ever would have thought. |
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