10/23/2020
Today

Lockdowns Have Targeted Fun

Jeffrey Tucker, American Institute for Economic Research

The lockdowns have disproportionately targeted fun. No house parties. No travel. Bowling, bars, Broadway, theater, amusement parks, all banned. Weddings, forget it. Restaurants, hotels, conventions, and even golf were all targeted by the lockdowners.

Iowa Never Locked Down, Yet Econ. Struggles

Ben Casselman & Jim Tankersley, NYT

President Trump has blamed Democratic officials' rules for impeding the recovery. But even where restrictions are few, business is far from normal.

Sorry Times, the Lockdowns Crushed the U.S. Economy. Period

John Tamny, RCM

Imagine 100 people on a wholly deserted island. Life would be pretty dreadful, right? With only 100 people producing, work would be endless in return for very few of life's comforts. At which...

How to Reorder Since We're Never Going Back to Normal

Gregg Gonsalves, Nation

The question is how we'll remake the world.

On Charge of Avoiding Taxes, No Guilt Found

Christopher Baecker, RealClearMarkets

A high school classmate of mine recently celebrated her birthday. I used the occasion to express my gratitude to her, again, for hooking me up with her job at a local video store (remember those?) when she went off to Texas A&M after graduation. I had been working for a rich family at McDonalds. It was nauseating watching them pull up in their high-priced luxury cars, constantly flaunting their bling. I secretly dreamt of Uncle Sam sticking it to them come April 15th.

Geothermal Energy Should Be Biden's Easy Fracking Answer

Ryan Cooper, 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.

When It Comes to Labor and Its Laws, Joe Biden Isn't Moderate

Steve Delie, Hill

Biden's pro-union plan would strip states of their ability to regulate their own affairs.

Voluntary Unionism Is the Answer, Not Nat'l Bargaining

F. Vincent Vernuccio, RCM

Should the government require the scandal-plagued UAW to represent nonmember autoworkers who have rejected them repeatedly? Should public companies be required to appoint union representatives to their boards? These are the solutions powerful labor unions, and even some right-of-center think tanks, prescribe to revive unions’ falling membership. But they will do more harm than good.

How the Bidens Earned $16.7M After Leaving White House

Michela Tindera, Forbes

The couple's earnings skyrocketed after Joe Biden's term as vice president ended.

Hurry & You Can Reach IRA Contribution Limits

Paul Katzeff, Investor's Business Daily

Just weeks remain in 2020. But that's still time enough to benefit from 2020's IRA contribution limits. And odds are that you haven't already kicked in the maximum allowed.

Central Banks Trying to Create Inflation Is An Old Laugh Line

Jeffrey Snider, RCM

Aware, but don’t fully understand. Doing something, though only just to make it look like something is being done. Never truly radical enough because what’s radical is the absolute need to basically rewrite a half century. Before there was March 2020, there had been May 29, 2018; the two connected by an unusually unvaried line running through the Treasury market. That line was detoured slightly by the events of September 2019, and how those led the Fed to make everything worse.

Professions Generating New Jobs for Laid Off Workers

Paul Davidson, USA Today

Christian Meza, of Pacific, Washington, relished his job as a bartender – the camaraderie, the glamour, the small pleasures of making an eye-catching drink. Even after the COVID-19 pandemic sidelined him during a monthlong state shutdown last spring and then shriveled his income, he held on, hoping the crisis would ease and business would bounce back.

5G Momentum Surprises In a Good Way

Bret Swanson, American Enterprise Institute

Surprisingly successful spectrum policy.

Election Could Bring Sweeping Econ. Changes

Matthew Luzzetti, Deutsche Bank Group

Existing Home Sales Strong, But Not That Strong

Richard Moody, Regions Bank

GDP Soars In 3rd Quarter

Brian Wesbury & Robert Stein, First Trust Advisors

Single Family Residential Remains On a Roll

Richard Moody, Regions Bank

Back to the Future With Fixed Income

Adam Phillips, BMO Global Asset Management

Chinese GDP Regains Its Pre-Pandemic High

Market Minder, Fisher Investments

What this latest milestone doesâ?"and doesn'tâ?"mean for investors.

Grifters Line Their Pockets Under Trump's Crony Capitalism

Anne Krueger, PS

During his first presidential campaign four years ago, Donald Trump promised to change the way America does business. He has kept that promise: Now more than ever, America resembles the kind of crony-capitalist system that one more commonly associates with developing and post-communist countries.

Why The US Economy Won't Gain Traction Until 2021

Mark Zandi, CNN Business

This has been a rotten year, and any chance of it ending on a high note has faded. The Covid-19 pandemic is intensifying, rancor over the US presidential election is mounting, and lawmakers haven't come to terms on another fiscal rescue package to shore up the fragile economy. It is difficult to see how the economy will be able to gain any traction until next year when the pandemic and election are hopefully in the history books.

Dr. Copper's Upbeat Prognosis For The Economy

William Watts, MarketWatch

Stubborn 2-year Treasury yields and languishing bank stocks fail to confirm message: analyst

3 Big Policy Areas That Election Outcomes Would Sway

Dave Sekera, Morningstar

We examine the major contrasts between the two administrations when it comes to tax policy, international relations, and infrastructure and how companies would fare.

Why Own Bonds When Rates are So Low?

Nick Maggiulli, Of Dollars & Data

On investing in fixed income in a low yield world.

The Future Of The Office Has Been Put On Hold

Rani Molla, Vox

For those who have gone back to the office, not much has really changed.

Are You Better Off Now Than Four Years Ago?

Ironman, Political Calculations

The surprising answer for most Americans is yes.

With Google Suit, The Long Antitrust Winter Is Over

Tim Wu, The New York Times

The Justice Department is demanding that the company prove its greatness by competing in the market, not by buying its way out of it.

The Wisconsin Foxconn Job

Josh Dzieza, The Verge

Behind the scenes at the promised Foxconn factory in Wisconsin.

Robert Shiller On The 'Vexing' Stock Market Rebound

Christine Idzelis, II

Is the equity market recovery during the pandemic justified?

Retirement Income: Assessing the Odds

John Rekenthaler, Morningstar

Graduating from a spreadsheet to simulations.

Why The US Government Is Suing Google

Shirin Ghaffary & Rani Molla, Vox

The Department of Justice says the company's anti-competitive business practices harm Americans.

Fisher Investments on Election-Year Uncertainty: This, Too, Shall Pass

Fisher Investments Editorial Staff, Fisher Investments

Ken Fisher on Nixing the VIX

Fisher Investments Editorial Staff, Fisher Investments

Will Uncle Sam Force Big Tech to Break Up?

Fisher Investments Editorial Staff, Fisher Investments

Shattering the Debt Ceiling Myth

Fisher Investments Editorial Staff, Fisher Investments

We Are All MMTers (Still)

Rusty Guinn, Epsilon Theory

Nobody cares about the deficit.

The Great MMT Debate Continues

Jamie Powell, FT Alphaville

News, analysis and comment from the Financial Times, the world?s leading global business publication

Big Tech Burned By Biden Blunder

Glenn Harlan Reynolds, Instapundit

Big tech erred by censoring the Hunter Biden story.

Once Again, China To The Rescue!

Scott Sumner, The Money Illusion

In 2009, China was the first to recover. As growth there surged in 2009, it began pulling the rest of the world away from the brink.Now it seems to be happening again.

We Are Over-Preventing COVID

Robin Hanson, Overcoming Bias

The cost to benefit ratio is way out of whack.

Every Time Out It's a Guess

Ben Carlson, A Wealth Of Common Sense

You never know what's going to work in Hollywood or in investing.

Why Progress Can't Be Measured By GDP Anymore

Diane Coyle, Wired

An economy of tech billionaires and gig workers, with middle-income jobs undercut by automation, is not politically sustainable
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