07/18/2020
Today

Memo to Mitch: Repeal the Republican SALT Tax Increase

Brian Fitzpatrick, The Hill

Democrats want to repeal this tax increase. Republicans want to keep the tax increase around. That is not a misprint. If you didn't think Washington could get any weirder, it has.

No Bailouts, Just Get Concert Tours Back On the Road

Christopher Baecker, RCM

2019 may have been my best concert year ever. Iron Maiden put on their best performance I’ve ever seen, and I finally saw one of my very favorite bands, Alice in Chains. And that’s not even half the shows I saw. I represented my fair share of what the National Independent Venue Association (NIVA) reports as 172 million American concert attendees. I was stoked to keep that going in 2020, starting with a Testament show in April, and Megadeth & Lamb of God in August. Then coronavirus-induced panic swept those, and most other shows/tours away. ...

How Campaign Pledges Help Elex Uncertainty Fall

Market Minder, Fisher Investments

Campaign pledges help markets set expectations, but they aren't set in stone and don't drive returns.

Lincoln Project Paves Way for a Pelosi Economy

Brad Polumbo, Washington Examiner

At a certain point, extreme "Never Trump" Republicans become indistinguishable from left-wing activists. There's no better example of this divergence than the so-called "Lincoln Project."

Trump Has Championed Growth, Has Achieved Opposite

Neera Tanden, USA Today

We are living through one of the greatest economic failures of any president in decades, and that has come as a result of the second surge of coronavirus cases in the Southern states. No single actor is more responsible for this surge than President Donald Trump. He pushed states to reopen, chided and cajoled Republican governors and, despite the rising number of infections and deaths related to the coronavirus, he said over and over again that it was “going away.” He said that we would now witness the “great American comeback,” and that the economy would...

Profligate New Jersey Aims to Take On Even More Debt

Steven Malanga, City Journal

The nation's fiscal basket case is looking to take on even more debt.

#Richmanscoronavirus: Int. w/Boudreaux & Tamny

Bill Walton, The Bill Walton Show

The crack-up over a virus is being paid for by those with the least.

Why Valley's Biggest Companies Are Investing Billions in India

Rishi Iyengar, CNN

Since the start of 2020, the biggest names in US tech have invested around $17 billion in India.

New Tools for Home Buyers as Pandemic Upends Real Estate

Paul Sullivan, NYT

As homeowners rethink their surroundings and rush to relocate, companies are offering creative ways to help ease a fraught process.

Here's the Open Secret In U.S. Commercial Real Estate.

Joy Wiltermuth, MarketWatch

There is nothing to ?stop the hammer from coming down,? says one lender

'Stakeholder' Fallacy: Biden's Vision Recipe For Failure

Allison Schrager, City Journal

Joe Biden's vision of capitalism is a recipe for failure.

Millions of Unemployed Face Imminent Catastrophe

Paul Krugman, New York Times

Millions of unemployed Americans face imminent catastrophe.

All Right Now: But a Long Way to Go to Recover

Liz Ann Sonders, Charles Schwab

Rate of change and inflection points in economic data drive stocks; but in these unique times, the level of said data needs to be considered, too.

Why Recovery Could Come More Quickly Than You Think

Jerry Bowyer, Vident

Why You Shouldn't Panic About Coronavirus 'Surges'

William Briggs, The Stream

COVID-19 cases did rise after lockdowns eased. A rise in cases sounds bad, but shouldn't panic us. There is no "spike" or "surge" in deaths.

Q2 Was Tough On Those Who Panicked At End of Q1

Jerry Bowyer, Vident Financial

Fearful? Consider Dollar-Cost Averaging

Carrie Schwab-Pomerantz, Charles Schwab

Procrastination is not a good way to deal with market volatility, says Carrie Schwab-Pomerantz. Try dollar-cost averaging instead.

June Industrial Production: A Long Road Back

Richard Moody, Regions Bank

Will Fed Stress Tests Lead to Suspended Dividends?

Collin Martin, Charles Schwab

We can't rule it out completely, but we believe the risk is low.

The Greatest Danger Investors Face

Ben Carlson, A Wealth Of Common Sense

Benjamin Graham on the most dangerous place to be as an investor.

Timeline Accelerates for COVID-19 Drug Development

Karen Andersen, Morningstar

Three new vaccines for coronavirus look poised for emergency use authorization in the U.S. this fall.

The Hidden Risk In Your S&P 500 Index Fund

Brett Arends, MarketWatch

You're taking a bet you may not fully realize

How Schools Beat Earlier Plagues And We Can Too

Ginia Bellafante, New York Times

A century ago, children in New York City attended classes during a pandemic. It seemed to work.

What Comes After Zoom Fatigue

Adam Clark Estes, Vox

It looks like we're stuck with video chat. Is that such a bad thing?

Are We Falling Back Into Recession?

Edward Harrison, Credit Writedowns

Unemployment claims are likely to surge again.

How Pandemics Wreak Havoc & Open Minds

Lawrence Wright, The New Yorker

The plague marked the end of the dark ages and the start of a great cultural renewal. Could COVID do the same?

The Huge Divide Between Wall Street & Main Street

Matt Egan, CNN

The stark divide between Main Street and Wall Street is on display in the shifting fortunes of America's big banks.

The World Loves The Dollar But For How Long?

Julia Horowitz, CNN Business

When the novel coronavirus sent investors running for the exits in March, there was a mad dash to snap up US dollars, the world's ultimate safe haven asset.

Don't Bail Out Bars, Let Them Reopen

Christian Britschgi, Reason

So long as governments view lockdowns as their primary tool for combating COVID-19, they are in effect sentencing bars and other shuttered businesses to a likely death.

Could Trump Win The War On Huawei? Is Tik-Tok Next?

Garrett Graff, Wired

In a plot twist, the administration’s assault on the Chinese telecom giant is gaining traction. At heart, the US has an interest in its own electronic surveillance capabilities.

The American Childcare Problem Is An Economic Problem

Anna North, Vox

"Families are not okay," one expert says. It's making the economic crisis way worse.

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

Tesla's Temporal Wormhole To The Future

Vitaliy Katsenelson, Contrarian Edge

Tesla’s stock price depends on Elon Musk's ability to maintain a temporal wormhole.

Restaurant Closings Are A Nightmare For Farmers

Danielle Wiener-Bronner, CNN

In early July, farmer Jeremy Storey dropped off an order of eggs at a restaurant's back door as planned and continued on his way.

What Year Is It?

Scott Sumner, The Money Illusion

The more things change....

New Green New Deal, Same as the Old Green New Deal

Ronald Bailey, Reason

It's uncanny how solving climate change just happens to require the progressives' longstanding economic agenda.

Here We Are: 5 Stories That Got Us To Now

Morgan Housel, Collaborative Fund

Everyone is innocently short-sighted when trying to make sense of 2020.

What Risk Isn't

Nick Maggiulli, Of Dollars & Data

On the different definitions of risk, what kind of risk is the most important, and what you can do about it.

The COVID Economy In Suspended Animation

Macromon, Global Macro Monitor

The U.S. economy is not real and in a current state of "suspended animation" The COVID rescue package has introduced significant distortions into the economy The "Corona Capitalists," some very well capitalized and liquid corporations, have accounted for a large portion of the loan volume in the Paycheck Protection Program (PPP).
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