11/12/2020
Today

Could Elizabeth Warren Be Next U.S. Treasury Secretary?

Eoin Higgins, The Nation

The Massachusetts senator is lobbying for the position and is expected to meet with President-elect Biden to make her case.

Near-Term Economic Challenges Facing Joe Biden

Vivekanand Jayakumar, The Hill

Once the dust settles on the 2020 election, the incoming Biden administration will face short-term economic challenges on multiple fronts.

How Joe Biden Can Get U.S. Job Market Back on Track

Andrew Chamberlain, CNN

President-elect Joe Biden's first priority must be to throw an economic lifeline to the workers whose lives have been upended by the pandemic â?" many with jobs that won't be returning for years, if ever, in retail, tourism, personal services and entertainment.

Rampant Fraud In Stimulus Program

Brad Polumbo, Foundation for Economic Education

While the fight continues over the election results, Washington, D.C. is quietly negotiating the details of another COVID-19 stimulus bill. Democrats want trillions more while Republicans argue we should limit further expenditure to “just” $500 billion.

No Revenue and No Tax: Why Obamacare Must Fail

Ken Paxton, Washington Examiner

In 2010, the Democrat-controlled Congress threw out the Constitution and required nearly all Americans to buy health insurance. Despite this so-called Affordable Care Act's obvious unconstitutionality, the Supreme Court salvaged it in 2012 by characterizing the consequences for failing to buy insurance as a permissible "tax" rather than an impermissible penalty.

Biden's Economic Agenda Rests Heavily on Senate Outcome

Jim Tankersley, NYT

Which party controls the Senate will largely dictate how ambitious President-elect Joe Biden can get on taxes, health care, climate change and other policy priorities.

The Hottest Travel Accessory In 2020 Is a Plan

Victoria Buchholz, RealClearMarkets

After a seven-month lockdown, many families are trying to imagine their first trip beyond the local grocery store. It’s an intimidating idea because it’s hard to adopt the carefree attitude of a vacationer when facing a barrage of new requirements, from pre-visit testing to post-visit quarantines. Once upon a time, travel brought the joy of exploration and a glimmer of spontaneity. Think about those vintage travel posters showing the Silver Meteor train coursing through Forida orange groves, or Frank Sinatra’s swinging Come Fly with Me. Nowadays, vacation planning...

When It Comes to Retirement, Every Little Bit Counts

Katie Brockman, Motley Fool

Saving for retirement is challenging, especially when money is tight. Nearly 60% of Americans say they live paycheck to paycheck, according to a survey from Charles Schwab, and finding cash in your budget to put toward your retirement fund can often feel impossible.

Goldman Sachs Sees Econ/Market Recovery Through 2021

Jon Ogg, 24/7 Wall St.

Investors get numerous chances to see longer-term forecasts by analysts, strategists and economists. And each year it is common that the larger brokerage firms issue new price targets for the year ahead. The year 2020 has been a roller-coaster ride of epic proportions, and the “impossible” market and economic recovery from the March panic-selling lows […]

If You're An Investor, How to Survive Next Few Months

Mitch Tuchman, MarketWatch

Get ready for some good news â?" and some shocking twists

Value Investors Must Be Quality Investors

Coryanne Hicks, U.S. News & World Report

VALUE INVESTING HAS been overshadowed by growth stocks in the recent past, but that doesn't mean the strategy is gone for good. On the contrary, experts say the markets may be poised to bring value back into favor.

Your 'Deep Value' or 'Growth' Investing Style Is Twaddle

John Holt, Applied Finance

Legendary investor Charlie Munger once said "The whole concept of dividing [indices] up into 'value' and 'growth' strikes me as twaddle. It's convenient for a bunch of pension fund consultants to get fees prattling about [...more]

A Case Against the Bank of England's Bond Buying

Market Minder, Fisher Investments

As the Bank of England expands quantitative easing, we revisit the program's flaws.

A Lot Has Changed In the Past Week

Brad McMillan, Commonwealth Financial Network

What to Expect from the "Lame Duck" Congress

Michael Townsend, Charles Schwab

Debate over another round of coronavirus aid and economic stimulus likely will be at the top of the agenda for the post-election session.

A Bullish Spin On a Very Good Week for the Stock Market

Pat O'Hare, Briefing.com

Charitable Donations: The Basics of Giving

Hayden Adams, Charles Schwab

Helpful tax tips for your end-of-year charitable contributions, including stock donations.

Georgia On Our Minds. Most Bullish Power Split

Market Minder, Fisher Investments

As both Georgian Senate seats potentially head to a runoff, we explore the popular theory that a Democratic presidency and split Congress is the most bullish combo.

How Can I Make Most of My Stock Options?

Carrie Schwab-Pomerantz, Charles Schwab

Stock options can give your compensation a significant boost, but they can also be confusing. Carrie Schwab-Pomerantz explains what you need to know.

Investment Professionals List Biggest Mistakes We Make

Christy Bieber, Motley Fool

Investing is key to building wealth, but you could undermine your efforts if you make some common errors. Recent research from theNatixis Global Survey of Financial Professionals identified the eight biggest investment mistakes financial professionals believe are the costliest errors you can make. Here's what they are.

The Market Surge Doesn't Have Much to Do With Biden or Trump

Tim Worstall, WE

It's possible to put a little too much weight on the importance of politics, as the BBC does when it tells us that stock markets soared as Joe Biden won the election. NBC is rather closer to the truth when it notes that Pfizer's vaccine news has something to do with the stock market surge. The Dow Jones Industrial Average surged 5.9% at opening, hitting record highs, and may even go past 30,000 for the first time.

Ways Biden May Make Lasting Changes To Your Retirement

Rob Berger, Forbes

President-elect Biden is set to make lasting changes to your retirement savings. Here are 5 of the most significant changes he may pursue.

The Pfizer News Is Great, But Let's Temper Our Enthusiasm

Amesh Adalja, The Hill

Pfizer's news is generating a lot of enthusiasm.

Where Does Lyft Go After Big CA Win?

Kara Swisher & John Zimmer, New York Magazine

After the passage of Proposition 22 in California, Lyft president John Zimmer discusses the future of ride-share with 'Pivot' co-hosts Kara Swisher and Scott Galloway.

Apple's Macs Likely Don't Rate Your Holiday Wish List

Therese Poletti, MarketWatch

Macs with new Apple chips won?t offer many benefits for early adopters, while Intel-based Macs face an uncertain long-term future

McDonald's Has a Plan to Make Its Drive-Thrus Faster

Danielle Wiener-Bronner, CNN

McDonald's wants to improve drive-thru speeds â?" to help customers, of course, but also in hopes of getting them to show up more often and spend more when they visit.

A Better Economy Is Really Easy: Just Don't Lock Down

Benjamin Powell, AIER

European countries are imposing harsh lockdowns again as a second wave of COVID-19 spreads throughout Europe. It was a mistake last spring, when most U.S. states followed Europe’s lead in imposing lockdowns during the first wave, and it would be an even bigger mistake to copy the failed lockdowns again today. I was stunned when Italy imposed regional lockdowns in late February and a national lockdown on March 9. In short order, most other European countries did the same. Then, influenced by the sensational predictions from Neil Ferguson’s team at Imperial College...

Microsoft May Be Biggest Beneficiary of the New Macs

Daniel Newman, MarketWatch

Apple's transition from Intel to its new Arm-based silicon is almost certain to be a challenging transition. Microsoft, with the Surface, is aiming to build...

There's Quite Simply No Such Thing as Too Many Apple Events

Rishi Iyengar, CNN

Less than 24 hours before Election Day, Apple announced it would host its fourth major event of the year the following week.

The Best Ways to Save More for Retirement

Emily Brandon, U.S. News & World Report

SAVING FOR RETIREMENT doesn't have to be a chore. A few small changes can result in a much bigger retirement account balance, given enough time to compound.

What to Know About Buying a House With Student Debt

Tanisha Sykes, USA Today

One of the most important factors that lenders consider when evaluating you for a mortgage is your debt, including any student loans you must pay back. “Student loans can affect a consumer’s ability to get a mortgage because they are a liability that factors into your debt-to-income ratio,” says Adam Selita, CEO and co-founder of The Debt Relief Company in New York City.

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

China's Big Tech Crackdown

Daniel Tenreiro, National Review

The canceled Ant IPO may be a big mistake.

How Elite Colleges Rip Off Taxpayers

John Stossel, Reason.com

Yale University gets government handouts while paying little in property taxes.

5 Cheap Stocks With Growing Dividends

Susan Dziubinski, Morningstar

These heavily weighted names in the Morningstar US Dividend Growth Index are all at least 20% undervalued.

Is Social Media Ready For A COVID-19 Vaccine?

Rebecca Heilweil, Vox

Facebook, Twitter, and YouTube are bracing for more misinformation.

The Election Prediction Grift

Ben Hunt, Epsilon Theory

Nate Silver's model is crap, he knows it and doesn't care.

Report: Elon Musk Is Kind of a Dick

Tom McKay, Gizmodo

Elon Musk is not a nice guy.

The Calm Before the Exchange-Rate Storm?

Kenneth Rogoff, Project Syndicate

Core dollar exchange rates have so far been surprisingly stable during the pandemic, most likely because major central banks' policy interest rates are effectively frozen at or near zero. But although the current stasis could last awhile, it will not last forever.
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