10/20/2020
Today Mark Hulbert, MarketWatch Those who don?t remember stock market history will be in for a surprise when the next crash occurs |
Michael Cannivet, Forbes By maintaining data privacy, Robinhood can shield retail investors from hedge funds and their own heat chasing tendencies. |
Rachel Siegel & Jeff Stein, Washington Post Hundreds of billions of dollars from the Cares Act remains uncommitted and may go unspent despite scramble by White House to produce more aid. |
Seth Levine, The Integrating Investor I often feel like the financial markets are crumbling around me. It’s not their price levels that trouble me, but their health. The capital markets are a tremendous boon to humanity. However, intrusive central bank and government policies seem to increasingly strangle the golden geese of capitalism and free markets. Some argue that the neurotic obsessions with market stability are killing active investment management and disarming the very mechanisms that make financials markets invaluable. Decline is inevitable; the only question is whether it comes slowly or as a quick... |
Peter Einhorn, RCM The cost of U.S.-China trade tensions is normally tallied in big numbers—a $345 billion Chinese bilateral trade surplus in 2019, Beijing’s commitment to buy $32 billion more American farm products over two years, and hundreds of billions in tit-for-tat tariffs. But for many small businesses struggling to stay afloat in a pandemic-induced slowdown, the bottom-line damage of the trade war is measured in dollars and cents. And here the bottom line is clear: A Trump Administration offensive supposedly intended to help American businesses is having the exact opposite effect. |
Tim Worstall, Washington Examiner It's election season, so politicians are naturally going to spout off some pretty weird proposals. Given what voters believe, it's not possible for every proposal to be useful and still appeal to us for our votes. However, Joe Biden's tax proposals manage to be wrong in both theory and practice, which is pretty good going even by the low standards of politics. |
John Tamny, RCM “We argue that the high point for Western government, at least comparatively, was the 1960s when America was racing to put a man on the moon and millions of Chinese were dying of starvation.” So said John Micklethwait about his new book (co-authored with Adrian Wooldridge) to a plainly enthusiastic Thomas Friedman. It’s just a guess, but Micklethwait’s assertion won’t age well. Really, does even he believe it? That Friedman does is no surprise. In Friedman’s world, one “country’s” gain occurs at the expense of other countries. The latter... |
Douglas Carr, National Review The common presumption that the federal deficit doesn't matter is entirely wrong. |
Vivekanand Jayakumar, The Hill The pandemic shock has unleashed a unique set of forces that have led to a further deterioration of the U.S. trade balance with the rest of the world. |
Walter Block, RCM In the view of Professor Alan S. Blinder, “Individual choice is a bad for Covid safety.” (Wall Street Journal, August 13, p. A15). Why so? This is due to the fact that there is such a thing as externalities, which in his opinion constitute a market failure. How so? There are two types of these supposed errors of the free enterprise system, positive externalities and negative ones. An example of the former is your neighbor’s beautiful garden. You paid not a penny for its care and feeding, and yet you benefit from your view of it. You are a free rider. If you paid your fair... |
Clifford Krauss, New York Times With the price of a barrel stuck around $40 and no recovery in sight, companies are combining to cut costs and ride out the pandemic. |
Lee Jackson, 24/7 Wall St. Industrials look poised to benefit from the expected infrastructure spending, and Jefferies has spotlighted some companies that could benefit the most. These five stocks look like solid ideas for growth investors, regardless of who wins the election. |
Adam Phillips, BMO Global Asset Management |
Market Minder, Fisher Investments What this latest milestone doesâ?"and doesn'tâ?"mean for investors. |
Hayden Adams, Charles Schwab Several factors may make it worthwhile to convert all or part of a traditional IRA to a Roth IRA in 2020, depending on your circumstances. |
Daniel Kern & Renee Kwok, TFC Financial Management |
Various, Hoover Institution |
John Hunt, Manhattan Institute For years, the Manhattan Institute has warned about the unsustainability of New York City's public retirement system. "Pension contributions stand at a near-record 11% of the city's total budgetâ?"and 36% of payroll alone," wrote E. J. McMahon and Josh McGee in 2017. "They consume 17%... |
Jeffrey Kleintop, Charles Schwab The potential economic and market impacts a "Blue Wave" for the U.S. election could have on five key areas: taxes, labor, the environment, oil and trade. |
Matt Egan, CNN Despite the gloom-and-doom in the oil industry and the specter of a blue wave in Washington, ConocoPhillips is doubling down on crude by making a major acquisition. |
Jay Richards, New York Post Fewer people are dying from COVID-19 and more people are recovering with few or no problems. So why does the press keep burying it? |
Scott Ward, U.S. News & World Report BEFORE THE GLOBAL health crisis, the lack of significant, sustained progress among workplace retirement savers signaled the need for a boost of some kind: The Employee Benefits Research Institute's 2020 Retirement Confidence Survey revealed that only 30% of American workers have assets of $250,000 or more in savings or investments outside of their home. Among those with a retirement plan, 37% reported having $250,000 in savings or investments. |
Thomas Ken Lew, USA Today Winter is coming and we are headed towards the feared intersection of COVID-19 and flu season. Yet already the coronavirus is surging across the world and the United States, the global leader in number of coronavirus deaths, is moving closer to a quarter-million fatalities. Our medical system could be overwhelmed if hospitalizations increase. This is why I am concerned about the reports that some officials and policymakers in the White House are considering “herd immunity” as a strategy to combat the pandemic. This is dangerous, callous and flawed thinking. |
Patrick Sobers, Hill The most effective step banks can take is to increase their engagement with minority communities through better communication and sustained educational efforts. |
Adam Brandon, Washington Examiner Twitter and Facebook's recent decision to censor the New York Post's story on Hunter Biden's ties to Burisma may very well be a tipping point in the fight over Big Tech. Conservatives have a clear reason to be concerned that companies such as Twitter and Facebook, among others, are essentially engaging in election interference. It is no surprise that conservatives are leaving in droves to alternative platforms. |
Ron Lieber, New York Times It's a tough moment for big decisions. Think more about what you'll want in three years â?" and not just three months, when we'll still be shut in. |
Vincent Reinhart, MarketWatch One consequence of the Fed's greater openness: Chairman Powell's closer hold on power |
Mark Hulbert, MarketWatch Market timers had been more bullish than at almost any other time since such data began being collected in 2000 |
Henry Miller, I & I Lawmakers have introduced a bill that would put patients and hospitals at greater risk. |
Dan Doyle, OilPrice.com Should a Biden presidency prevail in the upcoming elections, the U.S. oil and gas industry will be facing regulatory headwinds that will far exceed the blow back it faced under the Obama administration |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
John Cochrane, The Grumpy Economist A new wave of government expansion is cresting. It poses a threat not just to our economic well being, but to our freedom — social, political and economic. |
Christopher Rufo, City Journal In the name of social justice, Seattle government agencies conduct employee training sessions separated by race. |
Nathaniel Rachman, Persuasion Trump and radical activists all say it: "The answer is simple!" They are wrong. |
Christine Benz, Morningstar All the consternation is around low bond yields, but high equity prices are also worth troubleshooting. |
Anneken Tappe, CNN The election is only 15 days away. But no matter who wins the US presidential contest in November, one of the most pressing problems for the administration to solve will be America's broken jobs market. |
Laura Tyson & Lenny Mendonca, Project Syndicate Small businesses play an outsize role in the US economy, accounting for about half of all private-sector employment and nearly two-thirds of all net new job creation since 2000. And federal support for them is crucial to avoid a prolonged, anemic, and uneven recovery that leaves many marginalized communities behind. |
Emily Stewart, Vox The coronavirus is still spreading, and additional stimulus from the government is uncertain. |
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