08/15/2020
Today Douglas McIntyre, 24/7 Wall St. As bidders vie to buy the J.C. Penney retail operations, and perhaps its real estate, one of its attorneys said the company is "in the red zone." |
Scott Lincicome, The Dispatch The U.S. tariffs on Canadian aluminum that President Trump reimposed last week are a bad idea for many reasons: They hurt American manufacturers in the middle of a recession, have already sparked Canadian retaliation, stab a close ally in the back, and amplify uncertainty in an uncertain time. The tariffs do, however, have a silver lining: They should finally kill the myth of President Trump as something—anything—other than a protectionist. |
Nigam Arora, MarketWatch Democrats would support more stimulus and spending |
Ryan Cooper, 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. |
Jeffrey Tucker, American Institute for Economic Research Nine-hundred years ago, the English historian Henry of Huntingdon wrote down an older Anglo-Saxon story/myth of King Canute who claimed the throne of England in 1016. The story was of appalling arrogance. It resonated in this land where the idea of limited government and human rights was gradually being forged. |
Christopher Whaley & Anupam Jena, USAT In nearly every profession, women are paid less than men. In medicine, where detailed data on doctors’ productivity, hours worked, education and experience are available and gender differences in these have been accounted for, numerous studies still show that a gender gap exists. To put it simply, women earn less than men for the same work. |
Richard Reinsch, Law & Liberty Hello, and welcome to Liberty Law Talk. I’m Richard Reinsch. Today we’re talking with David Goldman about his new book, You Will Be Assimilated: China’s Plan to Sino-form the World. David Goldman is the author of the widely read Spengler column for the Asia Times. He’s an award-winning Wall Street strategist. He’s worked for Credit Suisse. He was the head of global trading research for Bank of America. And he was an investment banker for a Hong Kong boutique called Reorient, which was purchased by Jack Ma, founder of Alibaba. He also is widely read... |
Market Minder, Fisher Investments Monthly figures offer a more nuanced view. |
Sarah Hansen, Forbes Households with children are more likely to face job losses, more likely to miss rent payments and more likely to rely on external support like unemployment benefits and food stamps. |
Josh Barro, New York Magazine |
Katie Brockman, Motley Fool With tens of millions of Americans still unemployed and the extra $600 per week in unemployment benefits having run out at the end of July, many struggling workers may be looking for extra cash any way they can get it. If you're at least 62 years old and entitled to Social Security benefits, you may decide to begin claiming early even if you hadn't planned on retiring just yet. Claiming early will result in smaller checks, though, which may spell trouble for your retirement plans, especially if you're struggling to save and will likely depend on your benefits for a significant portion of... |
Mark Miller, New York Times Scholars and policymakers have proposed ways to fix the inequities between whites and people of color, including changes to Social Security and building wealth from birth. |
Rob Williams, Charles Schwab Avoiding simple mistakes can extend the life of your portfolio. |
Richard Moody, Regions Bank |
Carrie Schwab-Pomerantz, Charles Schwab During periods of market volatility, we need strategic asset allocation and diversification more than ever. Find out more from Carrie Schwab-Pomerantz. |
Cooper Howard, Charles Schwab Taxable municipal bonds can offer higher yields without excessive additional credit risk. |
Brad McMillan, Commonwealth Financial Network |
Jerry Bowyer, Vident Financial The IMF just updated its economic projections for this year and the year after. The bad news is that this year, economic output is expected to plunge almost 5%. The good news is that output next year is expected to spike at a faster rate than this year's plunge, at almost 5.5%. |
Kathy Jones, Charles Schwab The U.S. dollar has been showing signs of weakening, a trend that may underscore the importance of global diversification. |
Allison Schrager, City Journal The Golden State should repeal its anti-freelancer law. |
Clare Duffy, CNN Business When former IBM cloud leader Arvind Krishna took over the company's top job earlier this year, the move sent a clear signal about where the company sees its future. |
John Rekenthaler, Morningstar The two assets have responded very differently to the coronavirus crisis. |
James Picerno, The Capital Spectator There’s an old Wall Street proverb that warns that the market can remain irrational for longer than you can stay solvent. The wisdom, or at least the empirical reality of that idea, has been put to the test in recent years on at least three fronts in the equity market via the persistent outperformance of growth stocks over value, large caps over small caps and US over foreign. |
Jules Hull, Medium How technology and a dose of skepticism can provide protection. |
Lisa Borst, The Nation The user always loses. |
Gideon Yago, Vanity Fair Former MTV News correspondent Gideon Yago says the Viacom mogul’s obits omit that he built an empire out of cheap labor and unprotected I.P. |
Mark Hulbert, MarketWatch An often-overlooked inflation hedge |
James Montier, GMO Never before have I seen a market so highly valued in the face of overwhelming uncertainty. |
Ed Yardeni, Dr. Ed's Blog We always seem to be living in unprecedented times, according to conventional wisdom, mostly because we don’t spend enough time studying history. There’s certainly a precedent for our current times in the past, one that was truly unprecedented back then. |
Veronique de Rugy, Reason.com More spending means more debt and more future taxes. |
Ezra Klein, Vox What Ezra Klein and another liberal think Keynes would do is exactly what liberals wanted to do before the onset of COVID. What Keynes would actually want to do is beside the point. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Alex Cranz, Gizmodo The billionaires are fighting. |
Elizabeth Nolan Brown, Reason.com Even as Americans rely on tech more than ever, our early-pandemic truce with the industry is officially over. |
Safal Niveshak, Safal Niveshak Lots of things people pay attention to don't matter at all. |
Justin Mikulka, Naked Capitalism The boom has now gone bust and there’s no funding to clean up the damage, leaving the public to pick up the tab. |
Ben Hunt, Epsilon Theory It is the age of capital markets as a carny show. |
Ben Carlson, A Wealth Of Common Sense Regression to the mean has to be one of the philosophical underpinnings of any decent investment strategy. |
Jules H. van Binsbergen, Knowledge@Wharton That's not how this is supposed to work. |
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