09/11/2020
Today Reuven Brenner & Marty Fridson, RealClearMarkets Anyone seeking clarity on current events is confronted with two seemingly irreconcilable pictures. The media portrays a massively costly war against the coronavirus in which victory remains elusive, coupled with the prospect of a disruptive, disputed election. Counting people who not working but collecting Covid-related benefits, unemployment approximates 30 percent. Entire sectors of the economy are shut down. The image reflected by the bond market, however, is an untroubled economy with no hint of impending political upheavals. Calmness reigns in the market for government securities. Since... |
Douglas Carr, The Hill Unfortunately, as with riding a bicycle, it's a lot faster for an economy to go downhill than up, and the U.S. needs to change gears. |
Adam Brandon, The Examiner While few in Washington appear to care, it should come as no surprise that the federal national debt is out of control. And while the Bureau of Labor Statistics has reported a consistent trend of employment growth, we still have a long way to go to recoup the economic losses of March and April. Unfortunately, in the long run, federal stimulus efforts that have resulted in spending levels not seen since the end of World War II will inhibit further rapid economic recovery. Many may not realize it, but the debt and the economy are intertwined. |
Leo Strine & Joey Zwillinger, NYT Since the economist wrote his influential essay on capitalism, the "haves" have gained much â?" and everyone else has missed out. |
James Pethokoukis, The Week Official site of The Week Magazine, offering commentary and analysis of the day's breaking news and current events as well as arts, entertainment, people and gossip, and political cartoons. |
Jeffrey Snider, RealClearMarkets The timing could not have been worse, though in the grand scheme of things it is just perfect. It was barely two weeks ago when Jay Powell was announcing what he and others were claiming was a huge, massive deal. No longer a specific inflation target, but one that would be averaged high against low. The Federal Reserve had been unable to achieve its inflation goal for such a long time officials could no longer use their favorite word, so they wanted you to know they were going to do something big in response. For years, that word was “transitory.” Whenever the CPI or PCE Deflator... |
Gerald Dwyer, American Institute for Economic Research The coronavirus epidemic has brought public-health experts front and center. We are repeatedly told that we should do what experts tell us to do, no matter how miserable it makes us. They know better. Maybe they don’t know better. |
Timothy Lee, RCM What do today’s workers value most in a job? Apart from wages, flexibility and autonomy often top the list. From single moms juggling life’s challenges for herself and her kids, to retired veterans seeking extra money or social interaction a few hours per week, or recent college graduates with daytime desk jobs hoping to save for a first home, flexibility, autonomy and freedom to craft their own working conditions maintain increasing significance for today’s American workers. |
Steven Malanga, CJ Facing massive losses, the city's hard-hit eateries need regulatory relief. |
Ellen Wald, RealClearMarkets The Labor Department is now considering new rules that address whether criteria other than financial opportunity can be used to determine the investment of ERISA funds used for private employee pensions. Specifically, this proposed rule concerns whether private pension funds can invest in social justice-oriented funds, called ESG or “Environment, Social and Governance.” These funds purport to take into account a company’s commitment to the environment, social issues and diversity and equity in governance. Proponents of ESG investing are touting their funds as more resilient... |
Christy Bieber, Motley Fool Your choice about when you claim Social Security retirement benefits shapes the amount of income you have throughout your later years. Unfortunately, millions of Americans, including nearly 7 in 10 of those closest to retirement, are laboring under a dangerous misconception that could lead to the wrong choice. Here's what it is. |
Brad McMillan, Commonwealth Financial Network |
Carrie Schwab-Pomerantz, Charles Schwab |
Ryan Detrick, LPL Financial Research Economic Blog While the direction of the 10-year Treasury yield over the last cycle was decidedly lower, as shown in LPL's Chart of the Day, there were still six extended periods where it rose at l? |
Jerry Bowyer, Vident Financial |
Collin Martin, Charles Schwab We believe fixed income investments still have a place in a well-diversified portfolio. |
Martin Pring, Pring Turner Asset Management |
Richard Moody, Regions Bank |
Jim O'Neill, Project Syndicate Despite all of the doom and gloom of the past six months, much of the global economy continues to show signs of a sharp recovery from the pandemic-induced collapse this spring. And while nothing is guaranteed, a number of favorable structural factors make a further acceleration highly likely. |
Derek Thompson, The Atlantic Visionary responses to catastrophes have changed city life for the better. |
Veronique de Rugy, Reason The federal government has already made $32 billion available to distressed airlines. The industry wants another $25 billion. |
Patricia Cohen, The New York Times A $600-a-week supplement that expired in July has been credited with bolstering the economy. Its impact on hiring is central to a political fight. |
Chris Mamula, MarketWatch Here's how retiring early affects your Social Security benefits |
David Marsh, Der Spiegel Former investment banker David Marsh is critical of the European Central Bank and the U.S. Federal Reserve for having transformed themselves into political instruments. Inflation, he says, isn't dead - and it will come back. |
David Blanchett, Morningstar Whether they’re falsifying their credentials or sharing misleading information, it’s important to protect yourself from financial professionals by verifying their credibility. |
Eric Kober, City Journal The city's road to recovery, as in the 1970s, lies in the hard work of budget balancing and reviving economic growth. |
Daniel Kim, Knowledge@Wharton They increase labor demand by starting businesses that hire new workers. |
Phillip Magness & Alexander Salter, AIER Talk is cheap. |
Julie Segal, Institutional Investor Inflation is likely coming and it requires some creative portfolio construction, according to new research from Fidelity. |
Steve Hanke, NR Judy Shelton isn't part of the club. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Carmen Ang, Visual Capitalist The world's 25 richest families are worth a combined $1.4 trillion. |
Scott Grannis, Calafia Beach Pundit The economy continues to improve. |
Emily Stewart, Vox The coronavirus pandemic shows how important it is to get the internet to everyone in America. Here's what it would take to do it. |
Jamie Powell, FT Alphaville Stanley Druckenmiller is a great trader and that's exactly why you shouldn't pay much attention to what he has to say. |
kk, The Brooklyn Investor One can only assume that Buffett feels that these Japanese trading companies are decent businesses with decent managements trading at attractive prices. |
Ironman, Political Calculations The volume of goods and services traded between the U.S. and China during July 2020 rose over their June 2020 levels as the economic recovery from the coronavirus recession continued. |
Ben Carlson, A Wealth Of Common Sense The 60/40 portfolio has died a thousand deaths. |
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