09/14/2020
Today P.J. O'Rourke, New York Post Kids don't get it that communists are bad. It was too long ago. The Berlin Wall fell in 1989. Deng Xiaoping began market reforms in China in 1978. |
Martin Skladany, Slate They need to take automatic pay cuts whenever a recessionâ?"or a pandemicâ?"hits. |
Paul La Monica, CNN Recent record highs for the S&P 500 and Nasdaq are not indicative of what's really going on with the broader market, which is this: Most stocks are still having a pretty tough 2020. |
Mark Hulbert, MarketWatch Short-term market timers are bearish and that's bullish for the rest of us |
Market Minder, Fisher Investments As more temporarily unemployed people return to work, the latest jobs data look like a typical recession aftermath. |
John Tierney, City Journal For half a century, it’s been a term of disdain: the “throwaway society,” uttered with disgust by the environmentally enlightened. But now that their reusable tote bags are taboo at grocery stores and Starbucks is refusing to refill their ceramic mugs, they’ve had to face some unpleasant realities. Disposable products aren’t merely more convenient than the alternative; they’re also safer, particularly during a pandemic but also at any other time. And they have other virtues: the throwaway society is healthier, cleaner, more economical, less wasteful, less... |
John Tamny, Forbes If he?s as doltish as they claim, what would it matter what Trump felt about the virus? Particularly in February. |
Eric Grover, RCM Wall Street Journal reporters Thomas Gryta and Ted Mann’s Lights Out: Pride, Delusion, and the Fall of General Electric is the cautionary tale of GE CEO Jack Welch’s handpicked successor Jeff Immelt, a derelict board of directors, and the destruction of one of America’s great and most iconic companies. Many considered GE the world’s best-managed company and Jack Welch the 20th century’s greatest CEO. With a market capitalization over $600 billion in 2000, it was the world’s most valuable company and the gold standard of credibility. |
Jeffrey Tucker, AIER Just when the fear starts to subside, and growing public skepticism seems to push governors into opening, something predictable happens. The entire apparatus of mass media hops on some new, super-scary headline designed to instill more Coronaphobia and extend the lockdowns yet again. It’s a cycle that never stops. It comes back again and again. |
Eric Hanushek & Ludger Woessmann, Hill We find the cohort of K-12 students hit by the spring closures already faces a loss of lifetime income. |
David Wallace-Wells, New York Magazine If the historic fires of 2020 in California, Oregon, and Washington State horrify you, consider what it will be like in thirty years when, as experts predict, two to four times as much land area will burn annually in the American West no matter what. |
Kerry Jackson, Washington Examiner Los Angeles Times readers might think the first night of the Republican National Convention was nothing more than a nonstop attack on California. In its coverage of the first evening's events, the paper posted the headline "RNC speakers paint California as a dangerous dystopia." Missing from the report were rebuttals to the claims made by the speakers. Maybe that's because it's too difficult to deny the truth. |
Richard Moody, Regions Bank |
Brad McMillan, Commonwealth Financial Network |
Carrie Schwab-Pomerantz, Charles Schwab |
Ryan Detrick, LPL Financial Research Economic Blog While the direction of the 10-year Treasury yield over the last cycle was decidedly lower, as shown in LPL's Chart of the Day, there were still six extended periods where it rose at l? |
Jerry Bowyer, Vident Financial |
Collin Martin, Charles Schwab We believe fixed income investments still have a place in a well-diversified portfolio. |
Martin Pring, Pring Turner Asset Management |
Susan Dziubinski, Morningstar These undervalued wide-moat stocks earn low uncertainty ratings. |
Mark Hulbert, MarketWatch Short-term market timers are bearish and that's bullish for the rest of us |
Jon Hartley, National Review Joe Biden and CEOs emphasize helping non-shareholder stakeholders, but they ignore how Friedman's shareholder primacy theory does exactly that. |
Leo E. Strine Jr. & Joey Zwillinger, NYT Since the economist wrote his influential essay on capitalism, the "haves" have gained much and everyone else has missed out. |
Matthew Yglesias, Vox Things are looking better than was feared, but the case for more help is clear. |
Matt Egan, CNN Business The pandemic recession plunged dozens of large American companies into bankruptcy this summer. Countless more are on their way. |
Mark Trumbull, Christian Science Monitor Central banks around the world have taken dramatic steps to support economies during the pandemic. The balance between stimulating growth and guarding against inflation isn’t an easy one. |
Sophie Charara, Wired For some it never left. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Joachim Klement, Enterprising Investor We’re in the midst of another US presidential election. And as we do every four years, we’ll hear talk about the presidential cycle and why Republicans, because of their more business-friendly policies, are better for the economy and stock markets than Democrats. But as with so much common knowledge, the evidence for this is much more ambivalent than the conventional wisdom would suggest. |
Ben Carlson, A Wealth Of Common Sense It was bound to happen. |
Patchen Barss, BBC Future The mysterious dark vacuum of interstellar space is finally being revealed by two intrepid spacecraft that have become the first human-made objects to leave our Solar System. |
Tyler Cowen, Marginal Revolution Trouble in the Madrid region is brewing again. |
Lydia DePillis, ProPublica Big companies have had lots of help surviving the pandemic. Small business not so much. |
Jeffry Bartash, MarketWatch U.S. economic recovery is widening the gulf among Americans |
Carmen Ang, Visual Capitalist The world's 25 richest families are worth a combined $1.4 trillion. |
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