05/05/2020
Today Josh Barro, New York Magazine He was a long-time skeptic of the industry. Then he changed his mind. Now he's changed his mind again. |
Andrew Ross Sorkin, New York Times Between the lines of "You can bet on America" were warnings not to be overconfident in predicting what the future might hold. |
John Tamny, RCM Here's a hypothetical for readers. If you had $10,000 to invest in one company, only for your investment to turn into $300,000, what would your reaction be? The question answers itself. Any... |
James Copland, CJ Washington must preclude a flood of tort claims that threaten to kneecap the economy even further. |
Paul Roderick Gregory, RCM We stand on the precipice of the greatest economic disaster since the Great Depression. It is associated with the exogenous shock of a novel Coronavirus that originated in Wuhan... |
Jonathan Russo, Worth The entire physical, economic and mental health of our cities depend on restoring the vitality they once had?as fast as healthy practices allow. |
Jeffrey Tucker, American Institute for Economic Research The year was 1957. Elvis’s new movie “Jailhouse Rock” was packing the theaters. The last episode of “I Love Lucy” aired on television. The show “West Side Story” held tryouts in Washington, D.C., and opened on Broadway in September. Ford’s new car the Edsel rolled off the assembly line. The Cold War with Russia was on and “In God We Trust” appeared on U.S. currency. The first Toys R Us store opened. |
Tim Carney, Washington Examiner Counting and attributing deaths to the coronavirus is not easy. That's one reason it's useful to look at "excess deaths" to judge the toll and severity of this plague in various parts of the world. |
Andrew Wilford, RCM One part of the executive branch that deserves plaudits for its handling of a fluid and unprecedented situation is the Treasury Department. Since the onset of the coronavirus pandemic and the... |
Mark Hulbert, MarketWatch Dow?s weakness since last Halloween is a bad omen for the next six months |
Chris Isidore, CNN Everything must go! |
Franklin Parker, RCM Arthur Schopenhauer once quipped that if it were constantly repeated with great solemnity, nothing was too absurd for people to believe. After reading the preliminary Pandemic Anti-Monopoly... |
Richard Moody, Regions Bank |
Edward Pinto, American Enterprise Institute |
William Smead, Smead Capital Management |
Andrew Chamberlain & Zanele Munyikwa, Glassdoor |
Brian Riedl, Manhattan Institute The baseline deficit at the beginning of 2020 was $1 trillion. Covid-19 response bills could add more than $3 trillion to that estimate. |
Ryan Detrick, LPL Financial Research |
Richard Moody, Regions Bank |
Peter Boettke, American Institute for Economic Research Ignorance isn’t bliss. Ignorance is horrible. When the social reform movement in the late 19thand early 20th century emerged it took aim at five giants: want (poverty), ignorance (education), disease (public health), squalor (housing) and idleness (unemployment). From a social science point of view, heck from a humanitarian point of view, these do lead to misery and their eradication represents a worthy goal for any “Good Society.” As Adam Smith argued in The Wealth of Nations long ago, “No society can surely be flourishing and happy, of which the far... |
Michelle Goldberg, New York Times After the coronavirus, political transformation may be inevitable. |
Richard Salsman, Capitalism Magazine |
Kenn Tacchino, MarketWatch Don't overlook the humble â?" but powerful â?" HSA |
Daniel Tenreiro, NRO The Fed's unprecedented response to the COVID-19 crisis was merited by the bleak economic outlook, but it could amount to a Faustian bargain. |
Earl Anthony Wayne, Hill It is far from clear how many pre-pandemic jobs will return and how many of them will be eliminated or reshaped. |
Patrick Hedger & Kent Lassman, Washington Examiner As state and local restrictions begin to relax, the essential questions for many people are remarkably similar to what we asked in March. What will work? How can I protect myself, my family, and others? |
Brett Arends, MarketWatch Many laid-off workers say they?re outta here for good, research shows |
Larry Swedroe, TEBI All stock market crashes provide valuable investment lessons, and the latest one is no exception. |
Matt Egan, CNN Business The coronavirus pandemic has exposed a gaping disconnect between unprecedented economic pain on Main Street and extreme optimism on Wall Street. |
Ben Carlson, A Wealth Of Common Sense In February the S&P 500 fell more than 8%. Not to be outdone, March was one of the worst months in market history, dropping more than 12%: Just to keep investors on their heels, April followed up one of the worst months in history with one of the best ever. |
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 There is a class of systemic risks which exist independent of scale. They are too connected to fail. |
Scott Grannis, Calafia Beach Pundit Congress has effectively raised the minimum wage to $25/hr. by boosting weekly unemployment checks by $600/wk through the end of July. |
Carly Stern, Ozy Economic distress combined with long-term shifts to remote working could accelerate population movement away from big cities. |
Richard Teitelbaum, Institutional Investor Berkshire Hathaway's online annual meeting lacked analysts, a live audience and the venerable Charlie Munger, but the Oracle explained why he's holding tight to cash amidst the pandemic that even he doesn't understand. |
Willem H. Buiter, Project Syndicate With governments searching for ways to manage the unprecedented economic fallout of the COVID-19 pandemic, the policy agenda implied by Modern Monetary Theory has become all the more appealing. Yet, insofar as MMT ignores the demand for money, it is a risky guide for policymakers. |
Christine Benz, Morningstar With cash and bond yields so low, the "safe" return of other nonportfolio assets is even more attractive. |
John Cochrane, The Grumpy Economist I've been on the "reopen fast but smart" bandwagon for weeks. The reopening is coming. Are we ready? I'm afraid not. |
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