10/30/2020
Today Jessica Menton, USA Today For those Americans wondering whether their 401(k)s will see a bigger boost under Donald Trump or Joe Biden as president, it turns out that the stock market cares more about which party controls Congress than it does about which one wins the White House. Stocks have typically thrived under legislative gridlock in Washington, and a split Congress has historically been the best scenario for investors. |
Lawrence Cunningham, MarketWatch High-quality shareholders and savvy CEOs have the same priority: effective capital allocation |
Annalyn Kurtz, CNN President Donald Trump is celebrating an eye-popping report on gross domestic product. But is the economy really the "biggest and best"? Here are the facts. |
John Tamny, RCM “If the unlikely event happens and Trump wins, you will see a market crash of historic proportions.” Who made this prediction? Was it Democratic economic eminence Lawrence Summers, or perhaps was it New York Times columnist Paul Krugman? Actually Summers concluded that if Donald Trump “were elected, I would expect a protracted recession to begin within 18 months.” In Krugman’s case, he told his flock after Trump’s win that “We are very probably looking at a global recession, with no end in sight.” So who predicted a stock-market crash? |
Paul Katzeff, Investor's Business Daily As the election peaks, many voters wonder what the Biden tax plan is. Taxes would rise for the wealthy. For others, surprises would include tax cuts. |
Thomas Kirchner, RealClearMarkets One of the hardest hit industries from the Covid-crisis is the travel industry, for obvious reasons. While some observers have criticized the tendency of companies to securitize assets rather than keep them on the balance sheet, we believe that the shift in the industry toward an asset-light model will help to save many of its members during the Covid-lockdowns. Capital-intensity haunts the industry A common feature of much of the travel and leisure industry is its heavy use of capital. Some ancillary businesses such as restaurants or booking systems may be able to operate with... |
Tim Carney, Washington Examiner ALTOONA, Pennsylvania â?" Over a hundred years ago, Edward Hallinan from County Mayo ended up in Altoona, here in Central Pennsylvania. "He was a railroader," explains his grandson, Kevin Hallinan. |
Thomas Hogan, American Institute for Economic Research In August, the Federal Reserve introduced its new monetary policy strategy of Average Inflation Targeting. This measure was expected to increase price inflation in the short run by raising the public’s expectations of higher prices in the future. Based on evidence from financial markets and even from the Fed’s own forecasts, it does not appear to have done so. |
Jeffrey Snider, RealClearMarkets A shocking disease about which we know very little even though it has been running rampant for seemingly a long time already. Not COVID. As sad as it may be, there’s more documented about SARS-cov-2 than the timid investigations into how the global monetary system really functions. In less than a year, we’ve come to know quite a lot about how the coronavirus gets transmitted, yet know shockingly little about how dollars are transmitted globally. Or that they aren’t really dollars at all. |
Andy Puzder, Fox Business GDP numbers show that Trump's economic policies are continuing to make miracles, despite all the fear-mongering |
Ben Casselman, New York Times Third-quarter growth set a record, fueled by federal assistance. But recent signs point to a loss of momentum in job gains and production. |
Kathryn Krawczyk, 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. |
Michael Iachini, Charles Schwab Different ETF structures have different tax implications. Be informed and avoid unpleasant surprises come tax time. |
Robert Murphy, Foundation for Economic Education Capitalism rushes people out of desperation. |
Carrie Schwab-Pomerantz, Charles Schwab Having a digital or physical financial "go bag" as part of your emergency plan is more important than ever these days, says Carrie Schwab-Pomerantz. |
Jeff Erber, Grey Owl Capital |
Brad McMillan, Commonwealth Financial Network |
Brian Wesbury & Robert Stein, First Trust Advisors |
Solomon Teller, Green Harvest Asset Management |
David Enrich, NYT When his skyscraper proved a disappointment, Donald Trump defaulted on his loans, sued his bank, got much of the debt forgiven and largely avoided paying taxes on it. |
Veronique de Rugy, Reason.com Why people continue to trust government officials is a mystery. |
Peter Bakker & Keryn James, Project Syndicate COVID-19 is forcing firms to reimagine resilience. Instead of trying to strengthen their ability to resist change, companies must learn how to adapt and adjust if they are to continue to exist as employers, value creators for shareholders, and trusted members (and servants) of communities around the world. |
Jeanne Sahadi, CNN The pandemic has changed how many of us use our money. |
Tasos Katopodis, Intelligencer Federal Reserve chair Jerome Powell was made for this moment. As chairman of the Federal Reserve during the global pandemic, Jerome Powell has managed to do something almost unimaginable in Washington: a good job. |
Grant Suneson, 24/7 Wall St. America's cheapest cities. |
Vitaliy Katsenelson, Contrarian Edge The world appears less safe today than at any time since the Berlin Wall came down. |
Mark Hulbert, MarketWatch It's not fixed income, but safer than equities and yielding close to 5% |
Brian Riedl, The Daily Beast From student loan forgiveness to health care, Democrats' proposals will really benefit the upper middle class far more than the working class and poor. |
David Enrich & Russ Buettner & Mike McIntire & Susanne Craig, NYT When his skyscraper proved a disappointment, Donald Trump defaulted on his loans, sued his bank, got much of the debt forgiven â?" and largely avoided paying taxes on it. |
Brad Polumbo, FEE Progressive politicians are falsely blaming insufficient welfare for the 8 million people who have fallen into poverty since May. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Ben Carlson, A Wealth Of Common Sense |
Ethan Yang, AIER If you get your information about American politics from the media, politicians, and even from a lot of Washington, DC think tanks, you’re doing it wrong. |
Steven Malanga, City Journal The far Left is making inroads into local government races. |
Morgan Housel, Collaborative Fund They’re relevant to everyone, and apply to lots of things |
Jean Pisani-Ferry, Project Syndicate If US President Donald Trump is defeated on November 3, there will be no lack of eagerness to erase his international economic legacy. Policymakers should focus on taking care of global public goods, containing the weaponization of economic relations, and making the international system fairer. |
Ronald Bailey, Reason.com Yes, and it's only going to get cheaper. |
Jonathon Sine, Quillette American politics can be conceptualized through two questions. The first is "Who gets what?" and the second is "Who are we?" |
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