03/23/2020
Today Stephanie Kelton, New York Times Congress has all the firepower it needs. It just needs to send spending instructions to the Federal Reserve, as it always does. |
Amity Shlaes, The Hill The GOP's old free-market agenda actually could do more than we imagine for the stock market, stability and general American prosperity. |
Elizabeth Warren, USA Today As Congress responds to the coronavirus emergency, the financial security of workers and their families should be our first priority. That means making sure that any federal bailout of giant corporations directly helps their employees, fuels a grassroots recovery and ensures that those big companies make serious, long-term reforms that reduce the odds they’re back before taxpayers again looking for another bailout. |
Rep. Ken Buck & Rep. Andy Biggs, Washington Examiner The coronavirus is a serious disease that we are fighting to bring under control. But we also need to combat fear. |
John Tamny, RealClearMarkets As of this writing, more than 20% of Americans have been told to cease activity outside their place of residence. The individuals decreeing the inability of tens of millions to work, produce and... |
Josh Barro, New York Magazine My strategy had long been to buy and hold for the long term. That changed â?" in part, anyway â?" earlier this month. |
Charles Riley, CNN Monday, February 17. The novel coronavirus outbreak is raging in China, but fewer than 1,000 people have been infected outside the country. With the virus out of sight and mostly out of mind, the Dow Jones Industrial Average stands just shy of 30,000 points, driven by the longest US economic expansion in history. |
Therese Poletti, MarketWatch Experts weigh in on how to survive isolation, cabin fever as COVID-19 forces workers to stay at home |
Editorial, New York Post If these businesses can't pay their bills â?" to landlords, vendors, insurers, etc. â?" then their creditors, in turn, won't have the cash to make their ends meet, triggering a metastasizing debt crisis. |
Michael Hiltzik, Los Angeles Times The rift between the experience of those able to work from home and those in the service sector, now out of work, shows how the coronavirus outbreak will only exacerbate income inequality in America. |
Peter Navarro, Fox News President Trump has promised to unite the full force of the federal government with the full power of American enterprise to respond the China Wuhan virus â?" and the response from the private sector has been overwhelming. |
Hunt Lawrence & Daniel Flynn, American Spectator President Donald Trump pushes a stimulus package, which includes a moratorium on Social Security and Medicare payroll taxes as well as rebate checks of between $600 and $1,200 sent to Americans, that exceeds $1 trillion. This comes atop the Families... |
Liz Ann Sonders & Jeffrey Kleintop & Kathy Jones, Schwab Recent stock action suggests some investor exuberance is being worked off. |
Matthew Luzzetti, Deutsche Bank Group |
Peter Hooper, Deutsche Bank |
Kathy Jones, Charles Schwab The Federal Reserve is reluctant to cut its policy rate below zero, but markets could drive Treasury yields negative anyway. |
Daniel Kern & Renee Kwok, TFC Financial Management |
Carrie Schwab-Pomerantz, Charles Schwab Trying to improve your credit score? This week's Ask Carrie, talks about the impact of recent FICO changes and how to maintain good credit. |
John Rekenthaler, Morningstar When will stocks recover? |
Ben Carlson, A Wealth Of Common Sense You are unlikely to catch the low but in past crashes buying too soon wasn't as painful than you might think. |
Jon C. Ogg, 24/7 Wall St. Earnings are impossible to predict even for the most predictable of companies. |
Vitaliy Katsenelson, Contrarian Edge Investing isn't about beating others at their game. It's about controlling yourself at your own game. |
Stephen S. Roach, Project Syndicate During the 2008 crisis, unprecedented actions by the US Federal Reserve were both appropriate and decisive in addressing the primary source of the shock: a devastating blow to the financial system. In the COVID-19 crisis, the Fed cannot play the same role, because it is addressing the financial repercussions of a shock to the real economy. |
Adam Collins, Movement Capital TIPS are cheap. |
Arnold Kling, askblog I believe that we have to resist the temptation to benchmark the economic outlook against "normal," where normal means what would have happened had the virus never appeared. Normal is not an option... |
Caroline Baum, MarketWatch Businesses and workers need cash to pay their bills until the economy can revive |
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 Cochran, The Grumpy Economist A trillion bucks is a lot of money. The costs of shutting down the economy are larger. |
Jeff Carter, Points and Figures The invisible hand is hard at work. |
Anatole Kaletsky, Project Syndicate Based on China's experience with COVID-19, the fiscal cost of comprehensive compensation for lost income could reach 10% of annual GDP, and as much as 25% of GDP in the US and Europe if the epidemic turns out to be worse there, which now looks likely. These may seem like mind-boggling sums, but they can be financed in several ways. |
Jon Evans, TechCrunch Things will get worse before they get better. |
timarr, The Psy-Fi Blog Central banks are writing a one way ticket for stocks - up. |
James Kwak, The Baseline Scenario In an economic crisis like this the overriding question is: who bears the losses? |
Anne Krueger, Project Syndicate Between a coronavirus pandemic and collapsing stock markets, the global economy may be in a worse situation than it was during the 2008 financial crisis, because America has all but slammed the door shut on international cooperation. And yet, without a multilateral response, the US will suffer as much as anyone. |
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