12/15/2020
Today Eve Peyser, New York Times It's not just the filthy rich. Much of America's professional class has quietly, if a bit guiltily, been doing just fine, despite 2020. |
Jeff Ferry, The Detroit News When the new Congress meets in January, a major infrastructure program is likely to be on the wish list of both political parties. Joe Biden has also spoken favorably about allocating $2 trillion in investment for America's decaying infrastructure. The economic benefits of an infrastructure program could be substantial. But as a new analysis by the Coalition for a Prosperous America reveals, the rewards would be far greater if Congress makes certain to include strict federal "Buy American" requirements. |
David Bahnsen, NRO We must capably defend the call of the entrepreneur, the vitality of capital markets, and the nobility of free enterprise. |
Michael Fumento, American Institute for Economic Research "Men . . . go mad in herds, while they only recover their senses slowly, and one by one." So wrote Scottish journalist Charles Mackay in his 1841 book Extraordinary Popular Delusions and the Madness of Crowds, which for good reason to this day remains in print. The Covid-19 hysteria, scientifically called mass psychogenic illness, that began in March has yet to peak. And if some have it their way it will continue indefinitely, merely going, in medical terminology, from epidemic to endemic. That is, it will never fully go away no matter what. We apparently finally have some medicines that work... |
Chris Sagers, Slate Until now, the government had abandoned some of the most important tools for stopping monopolies. |
John Tamny, RCM In 1980 AT&T hired McKinsey to conduct a study on the viability of the mobile phone industry. The consulting giant was much less than optimistic. It concluded that by the year 2000 there would be no more than 300,000 wireless phones. Really, where was the market for what was nosebleed expensive? AT&T passed on the purchase of cellular properties that the world's greatest consulting firm advised them would never be worth much. Funny about this is that the telecommunications behemoth once literally controlled 100% of the long-distance communications market. "Ma Bell" also employed 1 out of... |
Howard Dean, RCM The urgency of the Covid-19 crisis and the soaring death rates in the United States and around the world has put almost all of the attention of healthcare reformers on the immediate needs of saving lives and preventing as much additional infection as possible. As we head into winter and have surpassed 290,000 COVID-related deaths nationwide, I believe we have a chance of slowing down the death rate if we continue with mass testing, practicing safety measures, and working with our pharmaceutical and health care distribution companies to manufacture and distribute vaccines nationwide as soon as... |
Joe Calhoun, Alhambra Investments One of the hardest things to understand as an investor is that markets sometimes â?" often â?" don't line up with economic reality. Markets rarely reflect current economic conditions ? |
Russ Wiles, Arizona Republic The COVID-19 pandemic has upended just about everything this year, including retirement planning. Enough new rules governing Individual Retirement Accounts and workplace 401(k) plans were introduced that a year-end review is in order. Congress enacted many of these regulations with the aim of making it easier for people to tap into their accounts, if necessary, to stay afloat financially. Some of these rules apply to 2020 only. |
Phillip Sprincin, City Journal California resumes unjustified Covid-19 stay-at-home orders. |
Lisa Guide, The Hill Any COVID-19 relief measure must ensure access to affordable child care and long-term care, family leave and sick days. |
Russell Redenbaugh & James Juliano, Kairos Capital |
Richard Moody, Regions Bank |
Michael Townsend, Charles Schwab Results will have a profound impact on the Biden administration's ability to move its policy agenda forward in the first two years. |
Dan Mitchell, International Liberty Back in 2015, just five years ago, it seemed like entitlement reform might happen. Republicans in the House and Senate voted for budgets based on much-needed changes to Medicare and Medicaid. That was only a symbolic step with Obama in the White House, to be sure, but the presumption was that actual reform would be? |
Richard Moody, Regions Bank |
Brian Wesbury & Robert Stein, First Trust Advisors |
Rep. James Comer, Washington Examiner When the COVID-19 pandemic officially began in March, lockdowns bought lawmakers and industry leaders time to respond proactively to a public health crisis. But now, after schools and job creators spent months stocking up on PPE and adjusting their operations to reopen safely, it appears that the first round of shutdowns was not enough for anti-business politicians. |
Steve Cuozzo, New York Post XXXX Morire di fame. That's "starve" in English â?" the message Gov. Andrew Cuomo, who often touts his Italian American family's at-home... |
Bill Frezza, FEE Government is always and everywhere so hateful in its results. |
Tim Wu, New York Times It wasn't legal when John D. Rockefeller did it, and it's still not legal. |
Serena Williams, CNN Without the network necessary to raise critical starting capital, most Black female founders close shop before their product even reaches the market. By building exclusive spaces and systems, we are missing out on the innovation and genius of so many. |
Edward Glaeser, City Journal End insider privileges by renewing the freedoms to build, to work, to sell, and to learn. |
Liz Peek, The Hill Krugman predicted in 2016 that the election of Donald Trump would usher in a global recession, "with no end in sight." Oops. |
John Rekenthaler, Morningstar The help came from an unexpected source. |
Jeff Carter, Points and Figures It's pretty easy to find articles calling for market tops today. The next crash is just right around the corner. I have been seeing the same exact article since |
Elaine Low, Variety Part razzle dazzle, part corporate flex, the Walt Disney Company's four hour-long investor day presentation unleashed a torrent of announcements, including a slew of upcoming "Star Wars," Marvel and Pixar series and features, and news that Disney Plus had surpassed 86 million subscribers. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Rusty Guinn, Epsilon Theory A platform story. |
Jim O'Neill, Project Syndicate Though the COVID-19 pandemic continues to disrupt social and economic life around the world, it has yet to take the wind out of equity markets' sails. And with developed countries' monetary and fiscal policies remaining generous, and vaccines on the way, there is good reason to suspect the bulls to keep charging in the new year. |
Seth Barron, City Journal John le Carré's novels will outlive us. |
Bill McBride, Calculated Risk These indicators are mostly for travel and entertainment. It will interesting to watch these sectors recover as the vaccine is distributed. |
Christine Benz, MStar It may be tempting to undertake a dramatic makeover, but an incremental, forward-looking approach is best for taxable accounts. |
Alex Tabarrok, Marginal Revolution Get the paperwork ready please. |
Ed Yardeni, Dr. Ed's Blog Will the four Ds continue to hold down inflation? |
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