12/02/2020
Today Paul Krugman, New York Times He needs to make the G.O.P. pay a price for obstruction. |
Paul Davidson & Bart Jansen, USA Today President-elect Joe Biden is set to unveil an all-star economic team Tuesday to tackle a darkening winter outlook as the USA struggles to dig out of the worst recession in a century. Analysts expect stiff resistance from a split Congress whose Republicans are reluctant to further swell the massive deficit. |
Bruce Thompson, Examiner Wall Street has been cheering the election results, believing that the lack of a big blue wave for Democrats means that the major tax increases proposed by the Biden campaign are not going to happen anytime soon. While control of the Senate will not be decided until the Jan. 5 runoff elections in Georgia, most observers believe that it is unlikely that the two Democratic challengers will win and tip control of the Senate to the Democrats. |
Richard Rahn, Washington Times Elon Musk has just passed Bill Gates and Mark Zuckerberg to become the second-richest man after Jeff Bezos -- all of whom are worth more than $100 billion. |
Mary Harris, Slate Janet Yellen is back. That's good news for the economy. |
Steve Forbes, Forbes The U.S. is running up gargantuan debts to pay for massive pandemic-relief spending and will incur even more before the disease is conquered. Properly employing bonds that don't come due for a century can both help finance these mammoth Covid-19 outlays and avoid an outbreak of inflation. |
Christoph Gisiger, themarket For James Rasteh, Investment Director of Coast Capital, the outlook for gold mining stocks has rarely been as attractive as it is today. He explains why he expects the price of gold to rise significantly and which mining companies will profit most from a secular bull market. |
Paul La Monica, CNN Who says investing is hard? The FAANGs have boomed thanks to strong gains in revenue, market share and earnings over the past few years -- despite the Covid-19 pandemic and regulatory/antitrust concerns. But that might be finally about to change. |
Mark Hulbert, MarketWatch International stocks, gold and bonds may be a better bet for the next decade |
Christy Bieber, Motley Fool Most baby boomers are retired already, or are getting close to it. Unfortunately, far too many are putting their retirement security at risk. Recent data from Fidelityshows members of this generation are the most likely to be overinvested in stocks and thus invested too aggressively based on their retirement timeline. |
Jeffrey Tucker, American Institute for Economic Research The Supreme Court has decided that there is something not quite kosher about padlocking houses of worship, or imposing extreme limits on religious gatherings which amounts to the same thing, while bars and stores remain open. |
Brian Wesbury & Robert Stein, First Trust Advisors |
Russell Redenbaugh & James Juliano, Kairos Capital Management |
Joshua Gottlieb & Avi Zenilman, University of Chicago |
Cooper Howard, Charles Schwab We expect the municipal bond market to return to a sense of normalcy in 2021. |
Jeff Troutner, Equius Partners |
Various, Structured Finance Association |
Carrie Schwab-Pomerantz, Charles Schwab Is your holiday budget tighter this year? That doesn't mean your gifts can't be just as meaningfulâ?"maybe even more so, says Carrie-Schwab Pomerantz. |
E.J. McMahon, City Journal With legislative supermajorities in Albany, Democrats look poised to push the state even further leftward. |
Chad Bayse, The Hill We are in the Digital Age when jobs are scarce. It is time for the federal government to reflect this reality. |
Editorial, The New York Times Nothing greases the gears of government quite like pork. |
Brad Polumbo, Foundation for Economic Education Say what you will about left-wing darling Rep. Alexandria Ocasio-Cortez, but she knows how to get a message across on social media. One of the youngest members of the House of Representatives, the New York Democrat and socialist boasts 8.1 million Instagram followers. |
Dan Hannan, Washington Examiner "The Pacific Ocean," prophesied William H Seward in 1852, "its shores, its islands and the vast regions beyond, will become the chief theatre of events in the world's great hereafter." |
Kate Stalter, U.S. News & World Report ANY TIME A WORKER becomes unemployed during a recession, he or she may need to draw down savings or investments to cover expenses. That problem compounds for workers nearing retirement because they have fewer years ahead to recoup those savings. |
Alta Spells & Christina Maxouris, CNN Tony Hsieh, the former CEO of Zappos, died from injuries sustained in a house fire that occurred in Connecticut while he was visiting family. |
Charles Gasparino, New York Post Janet Yellen has a great résumé to be our next Treasury secretary. What isn't so good is her record at doing what is the most important part of any economist's job: Helping average Americans live better and more prosperous lives. |
Matt Egan, CNN The night before Janet Yellen stepped down as Federal Reserve chair in February 2018, she shocked Wall Street by delivering a crushing blow to America's most messed-up bank. |
Yeganeh Torbati & Aaron Gregg, Washington Post The money, meant for businesses critical to national security, remains largely unspent almost eight months after Congress approved it. |
Gonzalo Schwarz & Ben Wilterdink, Washington Examiner As President-elect Joe Biden and Vice President-elect Kamala Harris prepare their agenda, dealing with the pandemic and working to rebound the economy are certain to be key priorities. However, the Democratic Party still has a tough battle ahead in Georgia to flip control of the Senate, and it lost many seats in the House when most projections predicted that it was going to increase its majority. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Julie Segal, Institutional Investor Billy Beane seems to think so. |
John Loftus, National Review It is a disgrace. |
Jason Del Rey, Vox The collapse of America's middle class crushed department stores. Amazon and the pandemic are the final blows. |
Raghuram Rajan, Project Syndicate The new conventional wisdom in these unconventional times is that advanced-economy governments can take advantage of today's ultra-low interest rates to borrow and spend without limit in order to support the economy. But the fact is that there is always a limit, and it may come into view sooner than many realize. |
Eric Compton, Morningstar Funds sell technology, buy basic materials and financial services. |
J.D. Tuccille, Reason.com Which leaves the U.S. without a major party even slightly inclined to leave people alone to manage their own affairs. |
Robert J. Shiller, Project Syndicate Many have been puzzled that the world's stock markets haven't collapsed in the face of the COVID-19 pandemic and the economic downturn it has wrought. But with interest rates low and likely to stay there, equities will continue to look attractive, particularly when compared to bonds. |
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