06/20/2020 Today
Jeffrey Tucker, American Institute for Economic Research We live in the age of pretend. Governments have behaved more regrettably, ignorantly, arbitrarily, and capriciously than in a generation or two. And yet we don’t see apologies, at least not generally. The failure is all around us, everywhere. Where are the exceptions to the rule? I asked Twitter and here are the answers we’ve come up with. |
Magi, Slate Most customers understand the health measures. Some are just difficult, even in a pandemic. |
Adam Brandon, USA Today States are reopening their economies after shutting down for at least several weeks, in some cases nearly three months. Small and large businesses alike are beginning to pick up the pieces as states lift their shelter-in-place orders and Americans are slowly going back to work. Naturally, Democrats and some news organizations are pushing a narrative about a “second wave” of the virus. |
Anneken Tappe, CNN America witnessed record jobs growth in May as the country is attempting to rebound from the pandemic recession. But job gains haven't been spread evenly across the country. |
John Tamny, Forbes University |
Market Minder, Fisher Investments The vast majority of US stocks have risen since March 23. |
Mark Reeth, U.S. News & World Report THE LAST FEW YEARS HAVE seen low-cost brokers become no-cost brokers as new investing platforms provide individual investors with user-friendly features and no upfront costs, account minimums, or commissions. This has primed the market for a surge of enthusiasm from newer (and often younger) retail investors who see the sudden end to the longest bull market in history as a perfect opportunity to begin investing. |
Robert E. Scott, The Hill The U.S. trade deficit is likely to shrink during COVID-19. But unless steps are taken to address dollar overvaluation and tax incentives for offshoring, these deficits will simply reemerge when recovery occurs. |
Theodore Dalrymple, City Journal The young flock to cafés, but the old remain cautious. |
Christy Bieber, Motley Fool For most Americans, Social Security checks are one of the most important sources of income in retirement. Unfortunately, if you're turning 60 this year, your checks may be smaller than they would be if you hit this milestone birthday at any other time but in 2020. |
Ann Carrns, New York Times While there are good deals to be found, particularly in the wake of Hertz's bankruptcy filing, buyers shouldn't count on fire-sale prices, experts say. |
Sanjib Saha, MarketWatch Will an early start, steady income and good savings habits assure success? Nope |
Jerry Bowyer, Vident Financial |
Allison Schrager, Manhattan Institute |
Wayne Crews, Competitive Enterprise Institute I remembered wondering in 2017 whether the federal government would be larger or smaller after four years of Trump. The debt has now topped $25 trillion and the deficit alone will top $4 trillion, a figure that, incredibly, is higher than all federal outlays as recently as 2015. In the meantime, President Trump can and should use a meataxe on regulation unilaterally. |
Jerry Bowyer, Vident Financial |
Jerry Bowyer, Vident Financial |
Michael Keane, SSRN Many academics are advocating for the strict adherence to randomized controlled trials (RCTs) in order to find treatments for CoViD-19. The prevailing orthodoxy |
Caroline Baum, MarketWatch It's going to take many years of digging to get GDP back to its pre-pandemic level |
Mark Hulbert, MarketWatch Percentage of stock U.S. households own determines the market's 10-year return |
Buttonwood, The Economist Speculation is as old as the hills, but you can count on some variations |
Christian Britschgi, Reason.com Falling demand and strict social distancing requirements are leaving many restaurants with no path to profitability. |
Howard Lindzon, HL Robinhood is drawing a lot of attention these days. Success breeds scrutiny in the USA. More so than failure. |
Jeff Carter, Points and Figures The Ten Commandments seem to work pretty well when you are thinking about how you should work with people. |
Kevin Rudd & Daniel Rosen, Project Syndicate Given China's failure to follow through on the marketization policies that it announced seven years ago, it is reasonable to be suspicious of the government's latest reform push. Much will depend on what Chinese leaders fear more: disruptive change, or a creeping malaise of their own making. |
Tom Engelhardt, The Nation Marked by disease, endless wars, and a dying planet, the American empire is finally reaching its decline. |
Sergei Klebnikov, Forbes Amid the wave of newcomers to what has become a casino stock market, a novice options trader takes his own life. |
Ben Carlson, A Wealth Of Common Sense A look back at the 1920s Florida real estate bubble. |
Richard Teitelbaum, Institutional Investor A Wall Street icon's epic score. |
Carl Bildt, Project Syndicate With the United States abandoning one global commitment after another, Europe must develop its own strategy for managing China's geopolitical rise. The best approach will be to strike a balance â?" underpinned by realism â?" between engagement and competition. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Sriram Krishan, The Observer Effect Marc Andreessen on how he spends his time, learns, the 'build' essay and much more. |
David Merkel, The Aleph Blog Hertz is worthless. |
Zephyr Teachout & Shaoul Sussman, The American Prospect A new patent cements the company's aims to use its power over sellers to consolidate control. |
Julian Agyeman & Kofi Boone, MarketWatch Restoring the idea of the black commons could be one way of redressing centuries of disinvestment |
Donald Boudreaux, Cafe Hayek Government officials don't have the knowledge to implement industrial policy. |
Laurent Belsie, The Christian Science Monitor The George Floyd protests have been accompanied by corporate calls for racial justice. Companies face risks if those words aren't matched by deeds. |
Justin Bariso, Inc. The rule of awkward silence is great for critical thinking--and a key in developing emotional intelligence. | |
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