06/02/2020
Today Zachary Karabell, Politico We still don't know how this chaos will turn out, but if you take a hard look at America 52 years ago, it was a grimmer place. |
Brian Riedl, CJ Washington should buy time with intermediate measures before committing itself to handing over as much as $1 trillion. |
Larry Hogan, New York Times We need support while the economy gets back on its feet. |
Paul R. La Monica, CNN It's probably premature to make much of one week of trading. But for what it's worth, value stocks, companies in sectors like energy, financial services and retail, are starting to outperform technology companies and other growth stocks. |
John Tamny, RealClearMarkets "A lot of people don't know the blood, sweat and tears that go into being a business owner and the type of sacrifice we had to go through to get to where we're at right now."... |
James Bovard, American Institute for Economic Research The brutal killing of George Floyd by Minneapolis police spurred widespread protests which have been followed by looting in dozens of American cities. CNN’s Don Lemon compared looters who plundered Neiman Marcus and other upscale stores to those at the Boston Tea Party. But far more Americans likely agreed with Quinta Caylor, a black North Carolina nurse on Twitter, who denounced the looters who “THUGGED OUT in 1 day” businesses that owners had worked long and hard to build. |
Matt Sandgren, Hill The need for Congress to act is greater today than ever before. The American people are counting on their elected representatives to do the right thing by finding a permanent solution for Dreamers. |
Rep. Andy Biggs & Rep. Ken Buck, Washington Examiner Why haven't the Centers for Disease Control and Prevention lost all credibility? Any individual or institution that had been so often wrong would have lost public trust long ago. For instance, as people of every political persuasion have determined that media sources lack credibility, polls indicate that journalists are not regarded as particularly trustworthy. |
Dr. Howard Markel, USA Today I am a historian of pandemics. Like an accountant preparing his clientele’s income taxes, you might say, “This is my busy season!” From 2005 to 2007, I led a group of historians at the University of Michigan, who worked with epidemiologists at the U.S. Centers for Disease Control and Prevention, to study the use of social distancing measures during the 1918-1919 influenza pandemic. That pandemic still holds the record as the worst contagious crisis in human history. It killed about 40 million lives worldwide, including up to 550,000... |
Richard Rahn, Washington Times Most economists agree that borrowing to cover current operating costs of government and involuntary transfer payments are harmful because, in part, it puts an obligation in the form of higher taxes on future generations many of whom are unborn. |
Dan Moisand, MW Shining a light on Roth conversions vs. taking 401(k) distributions |
Jon O'Callaghan, Forbes Astronauts Bob Behnken and Doug Hurley have entered the International Space Station, after their Crew Dragon spacecraft successfully docked following its historic launch yesterday. |
Richard Moody, Regions Bank |
Richard Moody, Regions Bank |
Allison Schrager, Manhattan Institute While the increases have been small, data suggests that people are slowly returning to restaurants. |
Jeffrey Kleintop, Charles Schwab Cyclicals typically lead the market higher when stocks rebound from a bear market and recessionâ?"but not this time. |
Binky Chadha, Deutsche Bank Group |
Thomas Kirchner & Paul Hoffmeister, CP Lufthansa's billion Euro government rescue stands in sharp contrast to the free market approach taken by U.S. airlines in raising the capital necessary to bridge the corona-lockdown. It also explains why the recovery of European stock markets lags the U.S. by substantial margins, illustrating what is going wrong in the Eurozone. |
Jerry Bowyer, Vident Financial |
Kristian Stout, Law & Liberty Big Tech looms large in the popular imagination because, in many ways, it is everywhere. Search engines provide us with instantaneous information. Social networks allow us to stay connected to friends and loved ones. Nearly any conceivable good or service is available within 2 days at the tap of a virtual button. To understand Big ? |
Mike Isaac & Cecilia Kang, New York Times The companies have similar policies on the limits of what they allow users to post. But Facebook is more permissive when the user is President Trump. |
Daniel Ikenson, The Hill Arguably, the antidumping law and Section 232 are both unconstitutional. Unarguably, they are both bad laws that confer too much unconstrained discretion on the executive branch. It's time for Congress to act to restore the rule of law. |
Joel Kotkin, USA Today The COVID-19 pandemic has disrupted many things, but also accelerated America’s descent into a new form of feudalism. The preexisting conditions of extreme economic concentration, inequality and reduced social mobility already were painfully evident before, but the pandemic has made them considerably worse. Pestilence has often shaped societies, most notably in the Middle Ages, where populations were repeatedly decimated, particularly among the urban poor. Disease undermined societies and economies, obliterating trade and nurturing the influence of prelates linking pestilence... |
Tim Worstall, The Examiner Given the conversation it has provoked, the fuss from Rep. Alexandria Ocasio Cortez over Trump economic advisor Kevin Hassett's use of the phrase "human capital stock" might have to be upgraded to an all-out brouhaha. AOC melted down over Hassett's language in a recent tweet: |
Paul Brandus, MarketWatch Biden?s winning campaign motto could be: Are you better off today than you were four years ago? |
Nicole Gelinas, New York Post Anarchists are throwing bombs at cops, officers are driving into crowds and looters are smashing stores. That's the good news. New York could survive a one-off riot. |
Michela Tindera, Forbes Biden's campaign has now received contributions from 100 billionaires and their spouses, compared to 92 who have pitched in to Trump's campaign. |
Tom Bergin, Reuters Last month Zagg Inc, a Utah-based company that makes mobile device accessories, received more than $9.4 million in cash from a U.S. government program that has provided emergency loans to millions of businesses hit by the coronavirus. |
John Rekenthaler, Morningstar The pros and cons of rebalancing. |
Howard Marks, Oaktree Capital Management You can't predict the future. Get over it. |
John Taylor, Project Syndicate Policymakers around the world already recognize that they need to find a way to reopen national economies safely and in accordance with policies to keep the COVID-19 pandemic under control. Yet not nearly enough has been done to encourage new markets that can operate even under conditions of economic lockdown. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Jeff Cox, CNBC A global pandemic, racial strife, political upheaval â?Â" and a rising stock market amid the chaos. While it sounds a lot like 2020 it also has echoes all the way from 1968. |
Scott Sumner, The Money Illusion Why are stocks doing so well? |
Morgan Housel, Collaborative Fund We don't want accuracy. We want certainty. |
Bryce Coward, Knowledge Leaders Capital Even as the stock market chugs up the wall of worry, we were reminded today that the economic fundamentals remain mired in simply unprecedented territory. As you can see in the first chart below, April saw both the largest increase ever in personal income (blue... |
David Hart, AIER All the sound reasons why central planning does not and cannot work in the case of the general economy apply equally in this case, along with a few other reasons which are specific to epidemics. |
Brett Arends, MarketWatch What Washington won't tell you |
Chris Patten, Project Syndicate With his recent decision to impose a draconian new security law on Hong Kong, Chinese President Xi Jinping has ridden roughshod over the Joint Declaration and directly threatened the city's freedom. Defenders of liberal democracy must not stand idly by. |
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