09/18/2020
Today Jessica Menton & Jim Sergent, USA Today The worst pandemic in a century and one of the sharpest downturns since the Great Depression are making the usual winning signs harder to read. |
Michela Tindera, Forbes Billionaires' fortunes afford them sweeping influence in our economy (through the companies they run), our society (through the products they develop) and our politics (through the candidates they fund). |
Therese Poletti, MarketWatch First-day returns for market debuts are at their highest level since the bubble, professor says, and that data doesn?t include Snowflake and the rest of this week?s big software debuts |
Zachary Karabell, Time We are a tale of too many economies. There are no one-size fits all solutions, though trillion dollars more of spending surely will help. |
Gov. Gretchen Whitmer, CNN The president should work with Congress on a stimulus bill that includes $500 billion in flexible aid to states so they can continue their pandemic response efforts and avoid drastic cuts to services that will only worsen the economic slowdown and prolong the recovery. |
Adam Brandon, The Examiner The latest report from the Census Bureau on income and poverty shows that President Trump's pro-growth economic agenda brought the pre-pandemic economy to soaring new heights. Not only did we see significant decreases in poverty, but median household income rose to a historic high in 2019 before states instituted sweeping lockdowns that put millions of people out of work and on to the government's payroll. |
Alex Brill & Betsey Stevenson, The Hill Here are some ideas to enact this awaited national measure. |
John Tamny, RCM To read the lofty coronavirus relief proposals from Democrats and Republicans is to detect confusion about what powers economic growth. Neither side gets it. Up front, neither Democrats nor Republicans have asked a simple question: was anyone calling for Congress and the President to craft a “stimulus” program in February? The question answers itself. No one was asking for economic relief simply because it wasn’t needed. |
Jay Shambaugh, New York Times A compromise struck by House Democrats and Republicans to deliver aid during the pandemic merits consideration. |
Thomas Kirchner & Paul Hoffmeister, RealClearMarkets Dollar has depreciated 10% since March. Don’t expect this or the next administration to talk up the Dollar. Central bank Dollar holdings reach new record. The Dollar has shown weakness during the second and third quarters, with the trade-weighted Dollar Index (DXY) falling from a high of almost 103 in March to a low of 92 at the end of August. The Dollar’s decline was even slightly more pronounced against the Euro: it fell from a high of 1.08 on March 23rd to a low of 1.20 on September 1st. These moves correspond roughly to a 10% depreciation of the... |
Market Minder, Fisher Investments That seemingly clear and obvious "forward guidance?" It still doesn't foretell Fed policy. |
Jerome Powell, RCM It has been a long time since Bert the Turtle has been a mainstream star. For many of the Baby Boomer generation, and even some Gen X-ers, who could forget the cartoon reptile wearing his silly pith helmet jumping into his shell whenever his monkey nemesis set off a firecracker? Bert was the face of “duck and cover”, once a serious effort about a very serious matter that very quickly became the object of derision and spoof. The Soviet Union detonated its first atomic bomb (using stolen technology, of course) in 1949. President Truman turned to the National Security Resource Board,... |
Brad McMillan, Commonwealth Financial Network |
Jeffrey Kleintop, Charles Schwab The risk of a "no deal" Brexit and the potential economic harm that accompanies it increased last week. |
Richard Moody, Regions Bank |
Carrie Schwab-Pomerantz, Schwab Has your employer suspended your 401(k) match? That doesn't mean you should stop contributing, says Carrie Schwab-Pomerantz. Here's why. |
Michael Hendrix, Manhattan Institute The Manhattan Institute commissioned the Siena College Research Institute to survey New York City adults earning at least $100,000 a year to understand their views on the future of work and the quality of life in the city and their likelihood of leaving. The poll was conducted during July... |
Benn Steil & Benjamin Della Rocca, CFR After the 2008 financial crisis, it took five years of quantitative easing (QE) for the Fed's balance sheet to grow $1.8 trillion. This year, once th? |
Richard Moody, Regions Bank |
Eric Compton, Morningstar Many of the highest-yielding names are undervalued today. |
Matt Phillips, The New York Times The giants aren't the only ones. A subset of software, streaming, security and e-commerce firms are also posting eye-popping gains. |
Jack Forehand, Validea If it's obvious it is probably wrong. |
Joyce M. Rosenberg, CSM The pandemic has forced a lot of new business owners to rethink their strategies. A recession might seem like the worst time to start a new business, but enterprising Americans are taking the plunge. |
Akira Kawamoto, Project Syndicate Reviving Japan's sluggish economy will require incoming Prime Minister Yoshihide Suga to make a clear break from his predecessor and patron, Shinzo Abe, and pursue wide-ranging structural reforms. Suga's best strategy might therefore be to call a snap general election to gain the popular mandate he will need. |
Jordan Weissmann, Slate Thanks to a poorly designed relief effort and a never-ending pandemic, they might be the most screwed businesses of the coronavirus era. |
Michael Hiltzik, LA Times Trump's economic vision looks to a long-gone America; Biden's to the next stage. |
Annalyn Kurtz, CNN Business Maine, Rhode Island and Vermont are faring better than most states, but Hawaii's economy is sputtering. Here are some reasons why. |
Joe Horvath, Hill Continuing to flood UI with cash will only further jeopardize our small businesses â?" and risk workers not having a job to come back to at all. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Noah Manskar, New York Post Massive federal spending meant to blunt the coronavirus's economic impact could have long-term costs, experts say, meaning those stimulus checks might not be free money after all. |
Richard Quinn, MarketWatch Small amounts over the long haul can buy you a better retirement |
David Merkel, The Aleph Blog When interest rates are low, volatility is high. |
Vishal Khandelwal, Safal Niveshak The fault, dear Brutus, is not in our stars.... |
Amelia Janaskie, American Institute for Economic Research South Dakota has taken an approach to the virus similar to Sweden's. |
Leah McGrath Goodman, Institutional Investor Tracking the culprits behind April 20. |
Amanda Cantrell, Institutional Investor The inside story of hedge fund Marble Ridge's disastrous day. |
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