05/22/2020
Today

Coronavirus, Political Fearmongering, and Expanded Govt

John Tierney, City Journal

For economist Robert Higgs, Covid-19 is just the latest emergency justifying expanded government power.

Misguided Journalists Mistake CARES As Tax Relief for Rich

Andrew Wilford, RCM

Shortly after the passage of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, some reporters seized on a provision that harmonized tax treatment of net operating losses, declaring it a...

BlackRock Is New King Of Wall Street As Banks Pummeled

Paul R. La Monica, CNN

Move over Goldman Sachs, Morgan Stanley and JPMorgan Chase. Most big financial stocks have been decimated this year, but asset management giant BlackRock, the owner of the popular iShares family of exchange traded funds is thriving.

How Many Will Die So the Dow Can Continue Rising?

Paul Krugman, New York Times

In a pandemic, Trump is reverting to type.

How Facebook & YouTube Aim to Control C19 Information

Alex Berenson, Fox News

Social media giants are tightening censorship against people who protest coronavirus lockdowns and raise evidence the virus may be less risky than initially thought.

Will Politicians Be Held Liable?

James Bovard, American Institute for Economic Research

A Safety Net Should Calm Us. U.S. Managed to Do Opposite

Zachary Karabell, Time

The coronavirus outbreak has exposed the shambles of how the U.S. has structured its safety nets since the Great Depression.

Parkinson's Law Confirms Gov't Growth Has Only Just Begun

John Tamny, RCM

"Work expands so as to fill the time available for its completion." - C. Northcote Parkinson, Parkinson's Law Politicians are much smarter than they appear. Think about it. For decades...

It's Not Complicated, Just Give People Handouts

Sarah Jones, New York Magazine

Drastic times demand creative solutions. But some lawmakers and wonks think we're all stuck in 2008.

EPA Wants to Protect Workers. Environmentalists Are Furious

Bonner Cohen, RCM

Democrats on the House Oversight and Government Reform Committee marked the 50th anniversary of Earth Day by attacking the Environmental Protection Agency. The lawmakers took issue with the...

Thoughts on Retiring In Time Despite the Coronavirus

Maurie Backman, Motley Fool

COVID-19 isn't just wreaking havoc on Americans' near-term finances; it's also putting their long-term financial security at risk. Not only have retirement plan values plunged since the pandemic took hold, but those who are out of work are likely pausing retirement plan contributions until their income picks back up.

Your 401(k) Won't Be Enough to Sustain Retirement

Mitch Tuchman, MarketWatch

Too much flexibility is dangerous, Jack Bogle warned

A "Chartbook" Look at the Economy and Market

Liz Ann Sonders, Charles Schwab

On a day that started with good news on an experimental COVID-19 vaccine, with the stock market showing strong early gains, today's report is more visual and less wordy than normal.

Red States Bailing Out the Blue

Richard Salsman, American Institute for Economic Research

Existing Home Sales: April's Decline Likely Not End

Richard Moody, Regions Bank

Does Manhattan Office Space Face a Reckoning?

Eric Kober, Manhattan Institute

Office-based businesses have long been cutting back on expensive space, as employees switched from offices to cubicles.

Real and Pseudo Gold Price Rules

Richard Salsman, Cato Journal

Has Residential Construction Hit Bottom?

Richard Moody, Regions Bank

A Look at Developed World's Reopening Progress

Market Minder, Fisher Investments

A look at the developed world's reopening progress outside the US.

Please, Mr. President, Do Not Bail Out The Oil Industry

Dan Eberhart, CNN Business

A bailout would just undermine the market forces needed to strengthen the industry long term.

Post COVID World Will Be Less Global & Urban

Geoffrey Garrett, Knowledge@Wharton

Time for a Selective Debt Jubilee

Willem H. Buiter, Project Syndicate

With a global depression looming, no country will be able to avoid the need for massive stimulus spending and the explosion of debt that will come with it. While advanced economies have creative options for managing these claims, it is already obvious that developing countries will need a more radical solution.

Josh Hawley's Half Baked Plan Would Wreck Our Economy

Eric Boehm, Reason

In a Senate floor speech Wednesday, Hawley outlined a half-baked plan to tear down global trade. It's aimed at winning elections, not helping America prosper.

OK, People: It's Time to Think Big

Christine Benz, Morningstar

If the past few months have given you more time for introspection, use it to improve your financial plan in a big-picture way.

How Private Equity Is Ruining US Healthcare

Heather Perlberg, BusinessWeek

Investors have been buying up doctor’s offices, cutting costs, and, critics say, putting pressure on physicians in ways that hurt patients. The pandemic could make things even worse.

Butterfly Effect: The Vaccine Arms Race No One Can Win

Charu Sudan Kasturi, Ozy

Major nations are weaponizing prospective vaccines as strategic assets against rivals. That approach could return to haunt them.

Warren Buffett's Recent Record Is Really, Really Bad

Howard Gold, MarketWatch

He?s lost more than $7 billion on terrible investments in Kraft Heinz, Occidental and four airlines

Trump's De-regulation Executive Order Will Kickstart Growth

Wayne Crews, Forbes

While "good cause" and other Administrative Procedure Act provisions have been exploited to expand government regulatory power, President Trump's new Executive Order on Regulatory Relief to Support Economic Recovery is uniquely using the same clauses to eliminate red tape in response to crisis.

What China's April Data May Show Global Investors

Market Minder, Fisher Investments

While the specifics will vary from nation to nation, China's April data help set expectations for what awaits reopening economies.

Asia's Richest Man Is Trying to Build the Next Big Tech Giant

Sherisse Pham, CNN

Mukesh Ambani wants to build the next global technology company. And if he plays his cards right, his mobile carrier and technology juggernaut JioPlatforms could soon hold rank alongside the likes of Google, Amazon, Alibaba and Tencent.

Fisher Investments on Election-Year Uncertainty: This, Too, Shall Pass

Fisher Investments Editorial Staff, Fisher Investments

Ken Fisher on Nixing the VIX

Fisher Investments Editorial Staff, Fisher Investments

Will Uncle Sam Force Big Tech to Break Up?

Fisher Investments Editorial Staff, Fisher Investments

Shattering the Debt Ceiling Myth

Fisher Investments Editorial Staff, Fisher Investments

The Best Source of Investment Income?

Ben Carlson, A Wealth Of Common Sense

Dividends are one of the most underrated sources of portfolio income.

Occam's Razor & Chinese Conspiracies

Scott Sumner, The Money Illusion

Conspiracy theories are a powerful drug, as Penn Jillette once observed (in a Joe Rogan interview.) So powerful that people rarely stop to consider how implausible many of the claims actually are.

Infrastructure Spending Is Popular.....If The Rich Pay For It

Matthew Yglesias, Vox

Voters don't like deficits, and they really hate the gas tax.

Back To Basics: REITs 101

Macromon, Global Macro Monitor

REITs can be an essential part of your portfolio.

The Deep Value Report

James Picerno, The Capital Spectator

The coronavirus crisis has reordered expectations and valuations in global markets, but searching for the deepest discounts (based on negative return) delivers a familiar result: the commodities realm continues to offer the darkest shade of red.

One Country, Two Monetary Systems

J.P. Koning, Moneyness

Yemen has a dual currency system.

Is COVID-19 A Nosocomial Infection?

Izabella Kaminska, FT Alphaville

Covid-19 may be something known as a nosocomial disease.
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