04/08/2020
Today Shawn Langlois, MarketWatch Michael Burry, whose bet against mortgage securities during the financial crisis was chronicled in ?The Big Short,? wants to get back to business in a hurry. |
John Tamny, RCM "Every book about the future is unavoidably a Rorschach test of the anxieties and events of the present. That's why so many predictions fail; they miss the markers of what is truly new.... |
David Walker, The Hill The coronavirus illustrates the need to address critical fiscal issues. |
Joakim Book, American Institute for Economic Research The world has been pretty dire in recent weeks. Seemingly out of the blue, the hard-earned gradual improvements that is human affairs came to a sudden chaotic stop. At times, this looked like the movies: ceased production, abandoned public spaces, supply lines disrupted, airplanes grounded, stock markets crashed, supermarket shelves empty of basic necessities and companies letting their employees go – capitalism paused in its tracks; society put on hold. |
James Galbraith, American Prospect |
Jonathan Russo, RealClearMarkets In my opinion, one of the best rock and roll songs ever recorded was Check Berry's Roll Over Beethoven. Utilizing a hard driving rock beat, Chuck asked the composer and his friend Tchaikovsky,... |
Dave Maney, Barron's After seven years of building a business, I was inches away from raising millions. I missed my shot because I couldn't trust anyone else to help me. |
Coryanne Hicks, U.S. News & World Report IF THE CURRENT STOCK market environment has you feeling uncomfortable with your investment strategy, you are not alone. |
Market Minder, FI Stock buybacks don't drive returns, contrary to popular belief. |
Jane Margolies, New York Times The pandemic may result in fundamental changes, altering how office buildings are designed. In the short term, expect more hand sanitizer and less "hot-desking." |
Philip Howard, Manhattan Institute America's current crisis reveals the paralytic nature of its regulatory order. |
Brandon Medina, Construction Coverage |
Various, Competitive Enterprise Institute |
Richard Moody, Regions Bank |
Brian Wesbury & Robert Stein, First Trust Advisors |
Jim Masturzo, Research Affiliates Major adjustments in capital markets around the globe have changed our long-term expected return forecasts for the 100+ assets we model. Before the corona crash we forecast long-term real returns for US equities to be only 1% a year. Now new, lower valuations suggest higher returns. |
Cooper Howard, Charles Schwab The municipal bond market has been hit hard by COVID-19 and market volatility. Here are our answers to some of the most frequently asked questions. |
Richard Moody, Regions Bank |
Aaron Brown, RCM A friend commented he personally knew three people who died of coronavirus, none of whom knew or associated with each other, and none of whom had been in places with high rates of infection. The... |
Brittany Bronson, New York Times The casinos at the heart of our economy are "nonessential." How will workers recover? |
Nigam Arora, MarketWatch Investors who went all-in on stocks might sell once they recoup some of their losses, leading to a bigger decline in the market |
Zvi Bodie, Manhattan Institute |
Salena Zito, Washington Examiner SHIPPENSBURG, Pennsylvania â?" Chet Eby is making sure you are going to get all of the bacon you need for breakfast, or maple-glazed ham for that now-modified family Easter dinner you are going to make, or that thinly sliced prosciutto and provolone sandwich you've been craving. It is a Wednesday afternoon, and the 31-year-old has his young sons, Austin and Evan, with him hauling a load of piglets from Cumberland County to Iowa, one of millions of road warriors behind the wheel of a truck traveling across the country every hour of every day making sure the food and necessities you need and... |
Donald Boudreaux, American Institute for Economic Research For evidence that crises fuel reckless proposals look no further than the March 13th, 2020, American Mind essay by William Upton. This essay was recommended to me by several persons who disapprove of free trade and who accuse those of us who continue to oppose protectionism of being heads-in-the-sand ideologues. |
John Tamny, RealClearMarkets It seems like something from another era at this point, but no doubt some readers remember just how sensitive markets were not too long ago to protectionist trade rhetoric from President Trump.... |
Joakim Book, American Institute for Economic Research Albert Einstein is – falsely – held to have said that the eighth wonder of the world is compound interest. In an idyllic past that many of us still remember, deposit accounts at banks earned (above-inflation) interest; we were actually paid for the money we set aside to the bank. Compound interest captures this amazing feature of money already earned to earn you even more in the future. Over long time periods it produces truly amazing results. |
Frank Rich, New York Magazine President Trump doesn't have a plan to combat the coronavirus pandemic, so he keeps creating phony ones, Frank Rich writes. |
Quin Hillyer, Washington Examiner The media should stop clamoring for a nationally ordered lockdown, or "quarantine," to respond to the current pandemic. The president almost certainly lacks constitutional authority to order one, and it may not even be the wisest approach. |
Ann Carrns, New York Times If you're owed a refund, it may be better to file quickly. You can also file your return now but wait until July 15 to pay any taxes owed. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Scott Sumner, The Money Illusion They refuse to even say Taiwan and ignored their warning about human to human transmission. |
John Cochrane, The Grumpy Economist Will the recovery be V shaped, quickly roaring back to the previous level? Or a U or an L? |
Jesse Eisinger, The Atlantic As the government rushes to aid the economy, how that’s done, who benefits, and who is left behind matter. So far, the signs are ominous. |
Theodore Schleifer, Re/code This crisis has us living in tech billionaires' world now more than ever. |
Michael Brendan Dougherty, National Review Where do a nation and world in crisis go from here? |
John Rekenthaler, Morningstar Almost nobody knew. |
Macromon, Global Macro Monitor Big move today in stocks with the S&P500 closing up 7.03 percent. We are so glad we are out of the market. We believe stocks are now in phase two of a vicious bear market, where after the initial sharp sell-off, the major indices retrace close to 50 percent of their initial down move. See? |
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