03/21/2020
Today

History Called - and Senator Burr Called His Broker

Kevin Williamson, National Review

People are so vulnerable to conspiracy theories and misinformation in part because they believe they're being lied to by their leaders. They aren't wrong.

How to Survive Without Bailouts or Blank Checks

Joshua Gotbaum, Brookings

Joshua Gotbaum lays out a plan to quickly provide federal assistance to businesses affected by the coronavirus without paying off business executives and stockholders.

A Recession Really Necessary to Flatten the Curve?

Robert Robb, Arizona Republic

Focusing on the most vulnerable might have produced most of the public health benefits without so much disruption and economic damage.

The Only Adequate Response Is to Do Whatever It Takes

Rohan Grey, The Nation

Even deficit hawks like Joe Biden know that when faced with the genuine prospect of annihilation, the only adequate response is to do whatever it takes to prevent it.

Covid Counterfactual: What If Government Had Done Nothing?

John Tamny, RCM

"The Pothole" is the title of episode 16, season 8 of the classic television series Seinfeld. In this one Jerry accidentally knocks girlfriend Jenna's toothbrush into the toilet,...

How Can We Manage the COVID-19 Downturn?

James Pethokoukis, AEI

The coronavirus pandemic has become a public health crisis for the United States and the world, but it also poses a serious economic challenge. So how will the coronavirus downturn be different from normal recessions? And what can we do to mitigate the harm through public policy? On a special episode of Political Economy this week, I discussed these questions with economist Stan Veuger.

Deficit, Debt Shouldn’t Factor Into Recession Response

Heather Boushey, Medium

COVID-19 represents both a public health emergency and an economic crisis. While federal, state, and local governments must take strong steps to stem the spread of the virus â?Â" from continuing to?

Republican Stimulus Plan Gives Less Money to Poor

Jonathan Chait, Intelligencer

The Senate Republican plan to save the economy from the coronavirus pandemic includes a provision to phase in the checks to everybody, so that low-income households get $600 and the middle class gets $1,200. Why not give the same money to everybody?

Addressing Pension Crisis Ought to Be Part of Response

Boehner & Crowley, CNBC

If the objective of Washington's "stimulus" effort is to bolster our economy in the face of COVID-19 and reduce crippling anxiety in our communities about what the future holds, then addressing the pension crisis ought to be part of the response, write John Boehner and Joe Crowley.

Are Municipal-Bonds Always a Safe Haven?

Elizabeth Foos, Morningstar

This market hasn't been immune to trouble stemming from the coronavirus-related volatility.

How to Manage the Hidden Risks in Remote Work

Dylan Walsh, MIT Sloan

Without care, productivity and sound decision-making will suffer.

U.S. Companies Race To Catch Up In Coronavirus Tests

Allison Gatlin, IBD

The U.S. faces an uphill battle against the coronavirus and the reason is simple: There aren't nearly enough coronavirus tests to identify who has Covid-19 and where resources are most needed.

'Severe Recession' Will Be the Outcome of All This

Peter Hooper, Deutsche Bank

Could Negative Bond Yields Come to America?

Kathy Jones, Charles Schwab

The Federal Reserve is reluctant to cut its policy rate below zero, but markets could drive Treasury yields negative anyway.

Don't Time Bottom, Don't Panic Sell

Daniel Kern & Renee Kwok, TFC Financial Management

What Do Recent Changes to FICO Scores Mean for Me?

Carrie Schwab-Pomerantz, Charles Schwab

Trying to improve your credit score? This week's Ask Carrie, talks about the impact of recent FICO changes and how to maintain good credit.

Residential Construction Momentum Won't Be Sustained

Richard Moody, Regions

Ideas For Boosting Economy In Age of Coronavirus

Tyler Cowen, Marginal Revolution

Plans for economic mitigation from the coronavirus -- by Tyler Cowen We need a series of policies to achieve some rather complex ends, and in conjunction. Other than the obvious goals (?minimize human suffering?), these ends are: Scale down economic activity in a rapid way to keep people at ho...

Retail Sales Down 0.5% In February

Richard Moody, Regions Bank

The Four Stages Of (Most) Bear Markets

John Rekenthaler, Morningstar

When will stocks recover?

What If You Buy Stocks Too Early?

Ben Carlson, A Wealth Of Common Sense

You are unlikely to catch the low but in past crashes buying too soon wasn't as painful than you might think.

Are Even Utilities Dividends at Risk?

Jon C. Ogg, 24/7 Wall St.

Earnings are impossible to predict even for the most predictable of companies.

Markets in Turmoil: Our Game Plan

Vitaliy Katsenelson, Contrarian Edge

Investing isn't about beating others at their game. It's about controlling yourself at your own game.

The GFC Playbook Won't Work For This Crisis

Stephen S. Roach, Project Syndicate

During the 2008 crisis, unprecedented actions by the US Federal Reserve were both appropriate and decisive in addressing the primary source of the shock: a devastating blow to the financial system. In the COVID-19 crisis, the Fed cannot play the same role, because it is addressing the financial repercussions of a shock to the real economy.

A Once In A Decade Bond Opportunity

Adam Collins, Movement Capital

TIPS are cheap.

Normal is Not An Option

Arnold Kling, askblog

I believe that we have to resist the temptation to benchmark the economic outlook against "normal," where normal means what would have happened had the virus never appeared. Normal is not an option...

Stimulus?? This Is Life Support

Caroline Baum, MarketWatch

Businesses and workers need cash to pay their bills until the economy can revive

Containing the Dollar Credit Crunch | by Philip Turner

Philip Turner, Project Syndicate

As the full implications of the COVID-19 pandemic have slowly become clear, private liquidity has begun to drain out of global markets. As a result, the record-high level of dollar-denominated debt held by non-banking entities outside of the United States has become a problem that central banks simply cannot ignore.

How The Dollar Is Amplifying The Volatility

William Watts, MarketWatch

The dollar is surging against everything.

Will We Survive the Washington Stimulus Panic?

Veronique de Rugy, National Review

We couldn't trust the government before, and we can't trust them now, so let's exert more accountability than we have in the past. The stakes are too high.

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

Only Multilateralism Can Save Us

Anne Krueger, Project Syndicate

Between a coronavirus pandemic and collapsing stock markets, the global economy may be in a worse situation than it was during the 2008 financial crisis, because America has all but slammed the door shut on international cooperation. And yet, without a multilateral response, the US will suffer as much as anyone.

Coronavirus Reveals the Downsides of Urbanization

Dan McLaughlin, National Review

This viral outbreak should make us reconsider the social trend toward megacities.

Congress to the Rescue?

Aron Szapiro, Morningstar

Yes, really. A fiscal stimulus could significantly help Americans manage the current economic crisis.

Let's Please Stop the Propaganda About the Very 'Lethal' Covid-19

Rbf, Medium

Since I published several days ago, COVD19 grips the world even more. Cases spiral upward, and fatalities accrue and gain momentum. Besides closure of all athletic events, schools, and theaters, the?

The Psychology Of Panic Buying & Selling

Ben Carlson, A Wealth Of Common Sense

There are psychological reasons investors are so quick to panic buy and sell during volatile markets.

No safe havens

Jason Goepfert, SentimenTrader

Bond volatility has been off the charts.

Do The Right Thing

Ben Hunt, Epsilon Theory

The government should not be bailing out airlines.
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