07/11/2020
Today

Cost of Biden's Econ. Plan to Markets Is Bigger Than You Think

Nigam Arora, MW

Higher taxes and more regulations would cut corporate profits

Boeing-Airbus & the Folly of Donald Trump's Theory of Tariffs

Marc Busch, The Hill

The U.S. is retaliating for Airbus subsidies with large, WTO-legal tariffs, and Europe isn't hitting back.

CA, After Riding a Boom, Braces for Difficult Times

Conor Dougherty, New York Times

Early hopes for a quick rebound from the pandemic have yielded to worries about its long-term impact on state finances and the governor's ambitious agenda.

When Will Corona-Madness End?

Jeffrey Tucker, American Institute for Economic Research

I was sitting in the green room in a Manhattan television studio on the day that the storm seemed to hit. It was Thursday, March 12, 2020, and I was waiting anxiously for a TV appearance, hoping that the trains wouldn’t shut down before I could leave the city. The trains never did shut but half of everything else did.

Covid-19 Is Changing Many Things; but Not Apartment Rents

Josh Barro, New York

Even during the destabilizing economic crisis amid the coronavirus pandemic, the cost to rent a home has so far remained surprisingly stable.

A Secretive & Controversial Start-Up May IPO

Rachel Metz & Sara Ashley O'Brien, CNN

In the 17 years since it was founded, Palantir Technologies has received financial backing from the CIA, become one of the most valuable private companies in the US, and earned a seat at the table alongside the biggest tech companies in meeting with President Donald Trump.

Not An Earnings Care In the World....At Least Not So Far

Pat O'Hare, Briefing.com

Zuckerberg's Getting Mauled for Supporting Free Speech

Rich Lowry, New York Post

The Facebook founder persists in defending free expression, even though free speech has fallen decidedly out of fashion.

Speculation On Why Social Security Benefits Could Stay Static

Sean Williams, MF

There have been 14 recessions in the United States since 1935. This means our nation's most important social program, Social Security, has survived some of the darkest days in U.S. history. And despite the rampant uncertainty associated with the coronavirus pandemic, it'll survive this recession, too.

Stimulus Planners Need to Keep Eye On Money

Bruce Yandle, Washington Examiner

With the economy still stumbling, expiration dates for federal supplemental unemployment benefits impending, and early August deadlines for businesses to apply for Paycheck Protection Program aid, we are hearing calls for more federal relief for a virus-beleaguered public.

It's Absurd to Boycott Goya Just Because of CEO's Politics

Alfredo Ortiz, Fox News

Democratic politicians and activists have launched a ridiculous boycott campaign against Goya Foods because its CEO is helping lead President Trump's Hispanic Prosperity Initiative.

Mahomes' Deal Offers Useful Lessons

Chris Hattingh, Foundation for Economic Education

Heading Over An Income Cliff

Richard Moody, Regions Bank

What to Watch as the 2020 Election Approaches

Michael Townsend, Charles Schwab

Here's what we're keeping an eye on in the weeks ahead.

'Money Supply' Has Balooned. What's Next?

Mickey Levy, Manhattan Institute

Benefits of More Positive Data with Credit Reporting

Turner & Walker & Moore, PERC

Emerging Market Overperformance and Interest Rates

Jerry Bowyer, Vident Financial

Laid Off & Money Worries: What to Do Next?

Carrie Schwab-Pomerantz, Charles Schwab

If you've lost your job, Carrie Schwab-Pomerantz offers a step-by-step approach to taking advantage of all your available resources.

The Best Quarter Since 1998

Ryan Detrick, LPL Financial Research

Market Blog What a quarter the second quarter was, with the S&P 500 Index adding 20.0%, for the best quarter since 1998 and the best second quarter since 1938. Of course, stocks fell 20% in the?

China as Economic Bogeyman

Dani Rodrik, Project Syndicate

Many Western economists presume that governments are not very good at identifying industries that merit support, and that domestic consumers and taxpayers incur the bulk of the costs. By the same logic, if Chinese policymakers effectively targeted activities where social benefits exceed private benefits, then it is not clear why foreigners should complain.

Healthcare: What Happens Next

Lily Bernicker, Collaborative Fund

How three major consequences of COVID-19 will create lasting changes to how we deliver and pay for healthcare.

How Germany Outlawed Facebook's Business Model

Anne C. Witt, Pro Market

In essence, the German Federal Court of Justice ruled that Facebook, which has held a steady market share of over 90 percent in this market since 2011, used its market power to force unfair data collection terms upon consumers.

Stock Market Mania Comes To China Again

Editors, The Economist

There are grounds for optimism but also signs of irrational exuberance

How The Coronavirus Is Making Better Bosses

Deborah Netburn, Los Angeles Times

The pandemic has prompted managers to take on new roles: counselor, supporter, wellness coach.

Science & Capitalism Created A Modern Food Miracle

Guy Sorman, City Journal

Science and commerce feed the world.

Why Wall Street Analysts Are Always Late To The Party

Mark Hulbert, MarketWatch

Most brokerage analysts tend to play it safe rather than risk their reputations and jobs

A Financial Transactions Tax Could Help Investors

John Rekenthaler, Morningstar

If implemented properly, the duty could be used to reduce income taxes.

Understanding the Pandemic Stock Market

Robert J. Shiller, Project Syndicate

The worse economic fundamentals and forecasts become, the more mysterious stock-market outcomes in the US appear. At a time when genuine news suggests that equity prices should be tanking, not hitting record highs, explanations based on crowd psychology, the virality of ideas, and the dynamics of narrative epidemics can shed some light.

Redditt, Portnoy & The Gamification Of Wall Street

Emily Stewart, Vox

Regular investors are piling into the stock market for the rush. Wall Street titans say they're making a grave mistake, but it's not so simple.

Disastrous Results For Young Robinhood Traders

Nathaniel Popper, New York Times

Its users buy and sell the riskiest financial products and do so more frequently than customers at other retail brokerage firms, but their inexperience can lead to staggering losses.

What Were You Thinking, Part Deux

Jesse Felder, The Felder Report

Just like 1999 people are paying ridiculous prices for stocks.

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

Shattering the Debt Ceiling Myth

Fisher Investments Editorial Staff, Fisher Investments

Not Crazy Can Still Be Nuts

Michael Batnick, The Irrelevant Investor

Tech stocks aren't crazy like they were in the late 90s, but that doesn't mean they're not a little nuts

Stocks For The Long Run? Are You Sure About That?

Brett Arends, MarketWatch

There may be a bigger chance of losing than Wall Street tells you

American Consumers Are Hunkering Down, Paying Off Debt

Matt Egan, CNN

Americans' credit card debt is shrinking rapidly during the coronavirus recession. That's a sharp contrast with the last two economic downturns.

What's the Best Diversifier for Stocks?

Christine Benz, Morningstar

Treasuries have been effective ballast, but that's not certain to continue.

School Reform: Fund Students, Not School Systems

Corey A. DeAngelis, Reason

Don't force schools to re-open but don't force families to pay for closed schools.

On Wall Street, Some Things Are More Important Than Money

William Cohan, VF

In a Biden administration, Wall Street will feel pain: Hello, 28% top tax rate. Hello, continued deficit spending and addressing inequities. But every bit will be worth it.

A V-Shaped Recovery Could Still Happen

Jim O'Neill, Project Syndicate

Given the sheer scale and unprecedented nature of the COVID-19 economic shock, it is not surprising that most commentators believe the outlook for recovery is bleak. But key weekly and monthly indicators suggest that a sharp return to growth remains more likely than not.
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