12/10/2020
Today Jeffrey Tucker, AIER In a wide-ranging interview in the New York Times, Melinda Gates made the following remarkable statement: "What did surprise us is we hadn't really thought through the economic impacts." A cynic might observe that one is disinclined to think much about matters than do not affect one personally. It's a maddening statement, to be sure, as if "economics" is somehow a peripheral concern to the rest of human life and public health. The larger context of the interview reveals the statement to be even more confused. She is somehow under the impression that it is the pandemic and not the lockdowns... |
Thomas Edsall, New York Times Rising anxiety over declining social status tells us a lot about how we got here and where we're going. |
Kristin Stoller, Forbes Cofounded by a Forbes Under 30 alum, CodeSignal announced that it had raised $25 million in Series B funding Tuesday. |
Rafael Resendes, RCM A trend among investment managers is to focus on "evidence-based" investing, which boils down to adopting strategies that have strong empirical support and ideally a strong theoretical foundation to avoid spurious results. Unfortunately, it is quite common for investment strategy results to offer compelling performance when studied "in-sample" (data or time-period of the original research), but that perform poorly out-of-sample (data or time-period not of the original research). Researchers Campbell Harvey, Yan Liu and Hequing Zhu (HLZ) 2016 argue that so many variables get tested to explain... |
Kirsten Wegner, The Hill Despite tragic setbacks brought by COVID-19, 2020 showed promise in one area: technology. |
Elisabeth Dellinger, Fisher Investments Paper money will never fully be accounted for. |
Howard Gold, MarketWatch Vanguard investors own target-date funds and don't sell in panics. That goes against the narrative that investors speculate or trade too much. |
Maurie Backman, Motley Fool The great thing about 401(k) plans is that they make saving for retirement an automatic process. With a 401(k), you sign up, tell your payroll department to deduct a certain portion of each paycheck, and effectively call it a day. But with 2020 coming to a close, now's the time to give your 401(k) some added attention. Here are three important moves to make before the year wraps up. |
Rep. Greg Murphy, Washington Examiner Politicians often put Band-Aids on problems rather than address their root causes. It's always tempting to make your constituents happy now and pass the burden to future generations. Such is the case with the disastrous plan to "forgive" student loan debt. |
Veronique de Rugy, American Spectator With President Donald Trump soon departing Washington, now is a great time to assess his protectionist trade policies. |
Reuven Brenner, RCM George Akerlof and Robert Shiller's (Nobels in economics) book, titled Phishing for Phools: The Economics of Manipulation and Deception declares on its first page that people "do not do what is really good for them; they do not choose what they really want." It appears that a main preoccupation of economists - the self declared "behavioral economists" prominent among them - is to show how dumb people are as consumers and in assessing risks. Drawn to logical conclusion, this implies that economists, advising benevolent dictators are the solution. If, indeed, people are often "irrationally... |
Clare Duffy, CNN Google released its annual "Year in Search" list Wednesday. The list acts as a sort of chronicle of the decades-worth of newsworthy things that took place during this one weird year. The list features the year's top trending searches, which had a high spike in traffic over a sustained period in 2020 compared to 2019. |
Brian Wesbury & Robert Stein, First Trust Advisors |
Martin Pring, Pring Turner Asset Mgmt. |
John Merrifield & Matthew McGehee, Inst for Objective Policy |
Carrie Schwab-Pomerantz, Charles Schwab What are fractional shares? This week's Ask Carrie explains how they work and how they can make stock investing easier and more accessible. |
Brad McMillan, Commonwealth Financial Network |
Brian Wesbury & Robert Stein, First Trust Advisors |
David McKnight, MarketWatch A piecemeal Roth conversion can mitigate longevity risk |
Mebane Faber, Mebane Faber Research There are no simple answers but there are obvious steps we can take. |
Andrew E. Kramer, The New York Times It's not just party balloons. A huge Siberian production plant is expected to reshape the market for a gas that's essential to many critical industries. |
Mark Zandi, CNN Business This team is well-suited to do the same now as the devastated economy struggles with the Covid-19 pandemic. |
Preston Caldwell, Morningstar A narrow majority may pass new stimulus and raise the corporate business tax. |
John Stossel, Reason.com Want to make money and help the world, too? Wall Street says you can! |
Paul Ausick, 24/7 Wall St. While Congress continues to debate a second relief package for workers, the states are beginning to send letters to Americans who received unemployment benefits this year notifying them that they had been inadvertently overpaid. |
Gautam Dhingra, Enterprising Investor As 2020 draws to a close, many tax- and residency-related matters are coming to the fore to which clients may want to pay attention and make conscious decisions about. |
Paul La Monica, CNN America's national debt load is now more than $27 trillion -- an exorbitantly high level. |
Paul Krugman, The New York Times You shouldn't be surprised that they're still backing Trump. |
Keith Gandal, American Institute for Economic Research As a child, I was hospitalized for a month with the "Hong Kong Flu." The doctors couldn't cure me; I was discharged but still sick. They were surprised I recovered. From my early brush with illness, I developed a longstanding interest in why some people with possibly fatal illnesses die and others recover. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Various, Saxo Bank After an extraordinary year, the SaxoStrats are back with Outrageous Predictions for 2021. Which forecast do you think is most likely? |
Justin Carbonneau, Validea 2020 will be a memorable year for all of us, but for those in the markets it will be particularly memorable as we are seeing many things that have never happened before. One of those events is about to take place when Tesla, sporting a $550 billion market capitalization, gets added to the S&P 500 over the next fortnight. |
Nicole Lyn Pesce, MarketWatch Google just released its 'Year in Search 2020' |
Lucas Kunce, The American Prospect What will it require to take China seriously as an economic challenge? |
Jeff Carter, Points and Figures Corporations and their incentives are totally misunderstood by most Americans. |
Barry Ritholtz, The Big Picture One of the accidental results of the pandemic lockdown was the creation of a natural experiment in productivity. |
Jon C. Ogg, 24/7 Wall Street An S&P Global Ratings report indicates that corporate cash balances in the United States now sit at a combined $2.5 trillion. |
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