08/01/2020
Today Justin Bariso, Inc. Elon Musk has tried to position Tesla as a partner to legacy automakers, not a competitor. His recent statement takes it a step further. |
Alec Stapp, Medium This is an odd moment for lawmakers to be expending energy castigating America’s most innovative and globally competitive companies, simply because they are big. |
Louis-Vincent Gave, Evergreen Gavekal The jury is still out on whether the dollar’s long run as the world’s leading reserve currency will be sustained in the coming years. |
Ed Yardeni, Dr. Ed's Blog We live in surreal times. I’ve previously compared them to the TV series The Twilight Zone. However, a more apt comparison would be with the land that Dorothy and her dog Toto visited in the movie "The Wizard of Oz." |
Ben Carlson, A Wealth Of Common Sense SPACs are not new. They proliferated during the South Sea and Mississippi Bubbles in the 18th century. |
Brett Arends, MarketWatch We should be getting as much as 30% more, study suggests |
Thomas Moller-Nielsen, Quillette Imagine you want to create a digital platform that will both destroy—or, at the very least, seriously enfeeble—the journalism profession, and simultaneously make you a vast amount of money. How should you do it? |
Grant Suneson, 24/7 Wall Street Americans are getting out of big cities and heading for the small and mid-sized oases. |
Simon Johnson, Project Syndicate The US is facing a major health and economic catastrophe for one simple reason: its existing COVID-19 testing infrastructure has broken down. There is still time to build a new system that enables policymakers and the public to understand where outbreaks are occurring and where they are likely to occur next. |
James Picerno, The Capital Spectator By most accounts, the economic road is shaky at best for the next several quarters as the country continues to struggle with managing coronavirus. Unfortunately, the silver bullet that could solve everyone’s problem – a proven vaccine that’s widely distributed and widely used – remains elusive for the near-term. |
Mark Decambre, MarketWatch 'Think about this: 2020 is the first year since 1979 to have both gold and the S&P 500 make new highs during the calendar year,' |
Ned Donovan, Terra Nullius This week, I walked the length of a country. As much as I would like you to imagine that I have completed some great feat of athleticism, it should be made clear that the country in question was Monaco. |
Jerry Bowyer, Vident Financial |
Liz Ann Sonders, Charles Schwab The Fed left rates unchanged near-zero, as expected, while emphasizing that "the path of the economy will depend significantly on the course of the virus." |
Brad McMillan, Commonwealth Financial Network |
Brian Wesbury & Robert Stein, First Trust Advisors |
Jerry Bowyer, Vident Financial The data below from the Bureau of Labor Statistics show which sectors have the highest and lowest unemployment rates. As of this writing, overall unemployment is an uncomfortably high 11.2%, but that's for all sectors combined. When you break out the different sectors, you see that this can range from almost 40% in leisure and hospitality to about 10% and under for construction, manufacturing, education and health. |
Brian Wesbury & Robert Stein, First Trust Advisors |
Jeffrey Buchbinder, LPL Financial Market Blog "That's not a knife ? that's a knife!" Paul Hogan in Crocodile Dundee |
Paul Krugman, The New York Times The right has made irresponsible behavior a key principle. |
Douglas A. McIntyre, 24/7 Wall St. The earnings of two of the most dominant tech companies in America showed that the middle class has money to spare, even when tens of millions of Americans are out of work. Big tech has not merely held on financially. It has flourished. |
Diane Coyle, Project Syndicate Though the tech monopolists may capture significant short-term gains from the accelerating shift online, the recent congressional antitrust hearing showed that they can no longer avoid the harsh glare of the political spotlight. |
Julie Segal, Institutional Investor PE firms are flush with cash and kicking off a buying spree as they take creative approaches to deal-making. |
John Rekenthaler, Morningstar Their future is becoming decidedly uncertain. |
Judd Legum, Popular Information The CEO and other insiders were buying shares while negotiating with the government. |
Bill McBride, Calculated Risk The US did a little better in Q2 but the EU may be the better bet for the rebound. |
Barry Ritholtz, The Big Picture You know the expression, "Off the charts?"I think many people do not truly understand exactly what that phrase means. |
Brett Arends, MarketWatch Bulletproof investing could be back in style |
Ben Hunt, Epsilon Theory Our political and market worlds have become an unending sea of grift … small cons, big cons, short cons, long cons … and every day the distinction between grifters and squares becomes more and more blurred. |
Jacob Soll, Politico We may be getting some of the most positive lessons of plagues wrong. |
Shirin Ghaffary & Jason Del Rey, Vox The heads of Amazon, Apple, Facebook, and Google fielded questions from members of Congress, some better than others. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Grant Suneson, 24/7 Wall Street As a result of the COVID-19 pandemic, many people have relocated out of large urban areas — either to try to avoid contracting the virus or because the resulting economic fallout cost them their job. While population statistics are not yet available for 2020, plummeting rental prices in many of America’s largest population centers indicate significant population losses. |
Veronique de Rugy, Reason The negative impact of the program is well documented. |
Catie Keck, Gizmodo Amazon pays just half Apple's regular app store fee. |
Barry Ritholtz, The Big Picture The Midwest is not the place of rusting cities and reactionary farmers of popular imagination. |
Scott Sumner, Econlog Why give $1200 to middle class people with stable jobs who were actually benefiting from a decline in the cost of living? |
Ludwig von Mises, Mises Institute he nearly universal opinion expressed these days is that the economic crisis of recent years marks the end of capitalism. |
Dario Perkins, TS Lombard The worst kept secret in macro is that economists don’t really understand inflation. |
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