09/17/2020
Today Noah Millman, 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. |
John Tamny, RealClearMarkets Have you ever wondered why the U.S. dollar is accepted as payment around the world? Better yet, have you ever wondered why the dollar liquefied exchange in Iron Curtain countries during the 20th century, and still liquefies trade in countries like Cuba, Iran and North Korea today? That the dollar continues to facilitate global exchange is a reminder of a simple truth that regularly eludes economists, politicians and pundits: no one trades money, lends it, or borrows it. Underlying any financial transaction is the flow of actual resources. Those who lend dollars are lending resource access to... |
Market Minder, Fisher Investments Two charts help put the dollar's recent moves in perspective. |
Matt Egan, CNN America's booming stock market is a flawed yardstick for measuring Main Street's recovery from the pandemic. |
Paul Ausick, 24/7 Wall St. The Air Force has designed, built, and flown a prototype for a new fighter jet in less than one year. Is the defense business in for a massive shift? |
Alex Kimani, OilPrice.com Fifty years ago, British mathematical physicist, Roger Penrose, proposed a seemingly absurd idea how an alien society or future humans could harvest energy from a rotating black hole, and today, scientists just got a step closer to generating energy from black holes |
Hon. Jeff Denham, RCM The novel Coronavirus has caused an undeniable crisis in our economy. Despite encouraging rebounds in hiring and wages throughout the summer, the economy is far from a robust recovery. It is critical that Congress and the White House enact another relief package. As part of that package, Congress should include the “Safe and Fair Enforcement (SAFE) Banking Act,” a fiscally prudent, bipartisan measure that would promote businesses and jobs while reducing violent crime. Last September, the House of Representatives passed the SAFE Banking Act with an overwhelming bipartisan majority.... |
Chris Crowley, New York Magazine Six months after NYC's restaurant shutdown, cooks, servers, and bartenders talk about how their lives have been affected while working during COVID-19. |
Doug MacArthur, RCM Do Covid-19 lockdowns work? Almost countless factors will vary from jurisdiction to jurisdiction, be it countries, states, counties, cities, or whatever. That said, a comparison of one country with essentially no lockdown and another with perhaps the world’s harshest and longest (indeed, still ongoing and officially called “The New Normal”) may be instructive. In brief, we have Sweden that basically got it over with quickly and not without pain, and the Philippines where maybe initial cases and deaths were dampened but is now in a horrible fantasy that could... |
Aaron Carroll, New York Times Americans will need to take pandemic precautions well into 2021 â?" yes, even after a vaccine arrives. |
Robert Wright, American Institute for Economic Research But how? Covid-19 came close to causing a legitimate crisis only in the New York City area and there only with “help” from Governor Cuomo’s kill people in nursing homes policy. Not that they needed much help as the virus has killed mostly the frail and elderly and according to one study people who normally would have died of the flu a year or two ago had not the last two flu seasons been relatively light. Moreover, death counts have been confusing, with documented instances of people dying in motorcycle accidents and from terminal cancer being counted as Covid-19... |
Carrie Schwab-Pomerantz, Schwab Has your employer suspended your 401(k) match? That doesn't mean you should stop contributing, says Carrie Schwab-Pomerantz. Here's why. |
Michael Hendrix, Manhattan Institute The Manhattan Institute commissioned the Siena College Research Institute to survey New York City adults earning at least $100,000 a year to understand their views on the future of work and the quality of life in the city and their likelihood of leaving. The poll was conducted during July... |
Benn Steil & Benjamin Della Rocca, CFR After the 2008 financial crisis, it took five years of quantitative easing (QE) for the Fed's balance sheet to grow $1.8 trillion. This year, once th? |
Richard Moody, Regions Bank |
Leadbetter, Li & Linnainmaa, Research Affiliates Adding intangible assets to book value provides a more robust measure of firm capital. But, just as a home buyer considers a host of variables when evaluating the price of a new house, we prefer to use multiple metrics, not book value alone, to get the most complete picture possible of a firm's valuation. |
Brian Wesbury & Robert Stein, First Trust Advisors |
Ryan Detrick & Jeffrey Buchbinder, LPL Financial |
Joe Horvath, Hill Continuing to flood UI with cash will only further jeopardize our small businesses â?" and risk workers not having a job to come back to at all. |
Stephen MacLean, New York Sun |
Paul Ausick, 24/7 Wall St. The COVID-19 pandemic has lifted uncertainty among many retailers and other firms related to how many seasonal employees they'll be hiring. A repeat of last year's strong hiring is unlikely. |
Maurie Backman, Motley Fool Your Social Security benefits are calculated based on your earnings during your 35 highest-paid years in the workforce. From there, the age at which you file determines your monthly benefit. If you claim benefits at full retirement age (FRA), which is either 66, 67, or somewhere in between, depending on your year of birth, you'll get the exact monthly benefit you're entitled to based on your earnings record. You can also file before FRA, starting at age 62, for a reduced benefit, or delay your benefits past FRA and boost them by 8% a year up to age 70. |
Editors, Issues & Insights We're not declaring that the virus is finished. But it's clearly not the threat it once was. |
Richard Ebeling, American Institute for Economic Research The economic downturn that has accompanied the coronavirus crisis has seen huge increases in government deficit spending and mounting national debt in the United States and many other countries around the world. A revived version of Keynesian Economics has emerged rationalizing and justifying massive government expenditures as cures for falling production, rising unemployment, and widening income inequality. It seems worthwhile, therefore, to take a fresh look at Keynesian Economics and to “disaggregate” its originator, British economist John Maynard Keynes (1883-1946). |
Julia Horowitz, CNN The Federal Reserve has committed to keeping interest rates lower for longer. But will that be enough to support an economy grappling with a historic shock, especially with Congress at an impasse on additional government spending? |
Steven Bertoni, Forbes It took decades, but Chuck Feeney, the former billionaire cofounder of retail giant Duty Free Shoppers has finally given all his money away to charity. He has nothing left nowâ?Â"and he couldn't be happier. |
Mark Hulbert, MarketWatch Forbes 400 list shows that Wall Street is not where great fortunes are built |
Jeremy Beaman, Washington Examiner Socialist ideas are very much on the ballot in November. |
Jack Money, Oklahoman I still don’t know whether or not I will have a “Payroll Tax Holiday” between now and the end of the year. Do you? Employers, it turns out, have the option on whether to opt in or out of the program authorizing them to defer collecting Social Security tax on wages earned by qualifying workers between Sept. 1 and the end of this year. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Amanda Cantrell, Institutional Investor The inside story of hedge fund Marble Ridge's disastrous day. |
Jacob Sullum, Reason.com The comparison between Sweden and the U.S. casts doubt on the importance of broad legal restrictions. |
Robin Kaiser-Schatzlein, New Republic A new book by Jennifer Taub recounts how current criminal law lets the worst offenders off the hook. |
Ramesh Ponnuru, National Review If your goal is important, you might want to adjust your plans until you think you will be successful. |
Amanda Mull, The Atlantic The pandemic broke online shopping. |
Ben Hunt, Epsilon Theory How to survive Fiat World |
Art Carden, AIER So, you want to be a revolutionary... |
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