10/02/2020
Today Editorial, New York Sun Just as we were sitting down to tap out an editorial on the homestretch of the presidential campaign, word reached us of the death of George Melloan. He had spent 54 years on the Wall Street Journal, including a long stretch as deputy editor of its editorial page. It included the climactic years of the Cold War, when we had the honor and joy of being edited by Melloan. He was one of the greatest newspapermen of his, or any, time. We first met Melloan in the early 1970s, when we were a reporter in the Journal’s Detroit bureau. We’d gone to see him in New York about writing a piece... |
John Tamny, RCM They “ate, slept, made love, raised children, and tried to keep body and soul together by finding ways to make a living.” Those were the words of the late, great George Melloan about the people in his hometown of Whiteland, IN. They’re from his very excellent 2016 memoir of the Great Depression, When the New Deal Came to Town. Melloan frequently explained history, and esoteric economic concepts through people. In doing so he created enormous understanding. The extraordinarily nice and brilliant Melloan passed away on Wednesday of this week, a little over a month shy of his... |
Nikayla Jefferson, The Hill The mainstream media stayed silent and gave the fossil fuel companies a platform to lie to the public, while they mined and burned and polluted us to the brink of extinction. The media now has a responsibility to fix it. |
Casey Mulligan & Tomas Philipson, Examiner The on-again, off-again nature of economic stimulus negotiations may provide a useful brake to evaluate the proposals on the table more carefully. The economic effects they will have depend heavily on economic issues that the big-government coalition of House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin is seemingly unaware of. If they get what they want, the economy will be slowed down further, and relief will not be focused on those who need it the most. The White House needs to understand the economic impact of their proposals better, or they will be disappointed when reality... |
Paul Krugman, New York Times The former vice president's tax and spending claims are credible; Trump's aren't. |
Jeffrey Tucker, American Institute for Economic Research Every political ideology has three elements: a vision of hell with an enemy that needs to be crushed, a vision of a more perfect world, and a plan for transitioning from one to the other. The means of transition usually involve the takeover and deployment of society’s most powerful tool: the state. For this reason, ideologies trend totalitarian. They depend fundamentally on overriding people’s preferences and choices and replacing them with scripted and planned belief systems and behaviors. An obvious case is communism. Capitalism is the enemy, while worker control and the end of... |
Market Minder, Fisher Investments What investors should consider when reviewing high-frequency data. |
Paul Merriman, MarketWatch You?ll get the comfort of the ubiquitous index with exposure to historically higher performance |
Jeffrey Snider, RealClearMarkets Some people continue to claim it’s much ado about nothing. Or, at most, not unlike what we’ve seen and been through before. There has always been an undercurrent of radicalism in the US as well as around the world, and that’s true. But what makes this one different is much more than the normalized fiery spectacle playing out seemingly each and every night on the TV news. Yesterday, a guy by the name of Dick Costolo tweeted out the following: “Me-first capitalists who think you can separate society from business are going to be the first people lined up against the wall... |
Jordan Weissmann, Slate It looks like Americans are shaking off their economic miseryâ?"but we're not nearly in the clear yet. |
Andrew Stuttaford, National Review Opting for 25 percent indoor dining capacity was a sign of political leaders who were not even pretending to try. |
Howard Husock, New York Daily News In his masterful story of the 1918 flu pandemic, "The Great Influenza," presciently released in 2005, the popular historian John M. Barry tells a story eerily familiar to us as we live through the current pandemic. A century ago, churches, theaters and schools were closed. Gauze masks became widely used, though in some cities more than others. Corpses piled up beyond the means to dispose of them. Medical research science, not nearly as primitive as one might expect, desperately sought a vaccine and came close, charting the way for future breakthroughs. |
Ryan Detrick, LPL Financial Research Market Blog "October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August, and Februa? |
Jeffrey Kleintop, Charles Schwab The biggest political risk facing investors may be the potential for politicians to implement national lockdowns in response to a rise in new COVID-19 cases that could lead to renewed recession and a new bear market for stocks. |
Brian Riedl, Manhattan Institute |
Carrie Schwab-Pomerantz, Charles Schwab Whether you purchase long-term care insurance or not, you need to have a long-term care plan, says Carrie Schwab-Pomerantz. Here's why. |
Allison Schrager, Manhattan Institute The Narrative "At a time when about half of American households over the age of 55 have no retirement savings and one out of five seniors are trying to live on less than $13,500 a year, our job is not to cut Social Security. Our job is to expand Social Security so that everyone in this country... |
Austan Goolsbee, The New York Times The exuberant rebound of large companies while their small competitors struggle will require more vigilant government antitrust action than ever before. |
John Rekenthaler, Morningstar What's more, the two are drifting even further apart. |
Paul R. La Monica, CNN The third quarter is over and Corporate America will soon be reporting just how awful their latest earnings were during the Covid-19 pandemic and recession. |
J. Bradford DeLong, Project Syndicate While most of the Global North has reached a state of cautious optimism after confronting COVID-19 head on, the United States continues to stand out for its persistently high rates of death and infection. This public-health failure, and the political dysfunction underpinning it, will remain a drag on economic performance. |
Ashley Nunes, FT Alphaville Biden’s plan may create jobs, but the climate impact of those jobs is questionable at best. |
Douglas A. McIntyre, 24/7 Wall Street There was hope that a decline in new COVID-19 cases and an "opening" of the economy would make a difference, but retail traffic has not improved in the past two months. |
Heather Long, The Washington Post The covid recession was a mild setback for those at or near the economic top and a depression-like blow for those at the bottom, according to a Washington Post analysis. |
Kathryn Edwards, Pro Market If incomes were as equitably distributed today as they had been in 1975, the share of annual income taken home by the bottom 90 percent of Americans workers would have been higher by 17 percentage points—$2.5 trillion. |
Morris Pearl, USA Today The New York Times detailed years of aggressive tax evasion by President Donald Trump in its bombshell report. It seems obvious based on the numbers, including the fact that he paid no federal income taxes whatsoever in 10 of the last 15 years and that he paid just $750 a year in both 2016 and 2017, that Trump might have crossed a legal line. But that is missing the point. The real scandal isn’t whether Trump cheated his way out of paying millions of dollars in taxes — it’s that our tax system is designed to let rich people like him avoid paying taxes without... |
Wayne Crews, Forbes As the latest edition of the federal Information Collection Budget of the United States Government illustrates, red tape is still a big deal. |
Paul Davidson, USA Today The raucous debate between President Trump and former vice president Joe Biden turned into a game of alphabet Tuesday when moderator Chris Wallace asked the two candidates whether the U.S. economy is in a V-shaped or K-shaped recovery from the coronavirus recession? Trump said it was a V while Biden said looked like a K. The exchange raised a more basic question: What is a V- or K-shaped recovery anyway? |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Susan Dziubinski, Morningstar Here's a peek at the most undervalued constituents of the Morningstar Wide Moat Focus Index--as well as names that have been added and cut. |
Dion Rabouin, Axios Even after reaching all-time high average prices and sales numbers not seen since the height of the 2000s boom, the housing market still has lots of room to run. |
Matt Egan, CNN Business Wall Street is hedged against election volatility. If it doesn't happen the market might face a melt up. |
Joakim Book, American Institute for Economic Research Why does Sweden work so well? |
Alicia McElhaney, Institutional Investor How the Social Capital CEO sees SPACs, retail investing, and politics in the years to come. |
Scott Sumner, The Money Illusion There's plenty of reasons for pessimism. |
James Picerno, The Capital Spectator It’s a tall order but housing’s enjoying a V recovery and history suggests that this key slice of the economy plays a critical role in the business cycle. Is this a macro silver bullet for 2020 and beyond? |
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