04/21/2020
Today Zachary Karabell, Wired THREE MONTHS INTO the global coronavirus pandemic, there are growing signs that the long marriage between China and the US—indeed between China and the developed world—is coming apart. The virus shut Chinese factories in January and February; then it exposed how dependent the US and Europe had become on China for everything from drugs to medical equipment. That’s prompted “a rethink of how much any country wants to be reliant on any other country,” in the words of Elizabeth Economy of the Council on Foreign Relations. As another... |
David Goldman, Law & Liberty David Goldman reviews Matthew Kroenig's The Return of Great Power Rivalry, which may understate China's emerging technological leadership. |
Marco Rubio, New York Times With a sensible industrial policy, workers will take precedence over short-term corporate gain. |
John Tamny, RCM In his disappointing 2018 book God Save Texas, Lawrence Wright wrote "[W]hen I tell people outside the state that I live in Texas, they often look at me uncomprehendingly." Which was one... |
Seth Levine, TII While the competitive landscape of investing drastically shifted, the fundamentals have not. It’s still about buying low and selling high. However, the motives of buyers and sellers have changed. Ace still trumps jack irrespective of the players’ strategies. Perhaps a few adaptations can make active management an easy game again. |
Market Minder, Fisher Investments Different paths to easing business restrictions highlight a subtle shift in a key question for investors. |
Micki Wagner, Worth Worth asked RIAs and financial advisors what they're advising their clients to do right now. Here's what they had to say. |
Charlotte Cowles, New York The CARES Act, was tailored to address people like you, who have "lost income because of COVID-19," not just people who have been laid off. This means that you're eligible if you've had a salary reduction or a drop-off in demand for your work. |
Sam Taussig, MarketWatch Federal PPP money is just a first step to strengthen the backbone of the U.S. economy |
Steve Moore, Washington Examiner America's domestic energy producers are under siege. The price of oil fell to below $5 a barrel on Monday, down from roughly $50 a barrel a year ago. This 90% drop in price is sending nearly the entire oil and gas industry into bankruptcy. |
Andrew Wilford, RealClearMarkets As millions of Americans continue to shift their work, social, and private lives online as a result of the coronavirus, internet access has become more essential than ever. Thankfully for internet... |
William Smead, Smead Capital Management |
Russell Redenbaugh & James Juliano, Kairos Capital Management |
Matthew Luzzetti, Deutsche Bank Group |
Eric Nelson, Servo Wealth Management We are all biased in how we remember the past, and this has serious implications for how you make financial decisions. Learning more about your hindsight bias might help you avoid common and very costly investment mistakes. |
David Ranson, Independent Institute |
Jeff Troutner, Equius Partners |
Ioana Petrescu & Steve Johnson, The Hill This situation should lead the world to a better future. |
Bret Stephens, New York Times Just as there are no atheists in foxholes, there should be no big-pharma haters in pandemics. |
Jason Kindrachuk, Forbes An early cluster of cases, linked to an animal market in Wuhan, initially suggested that humans had been infected by animals. |
Thomas Smith, RealClearPolitics Deliberately closing down the economy, which has never been done before, has created a more infectious, possibly more lethal disease than COVID-19. LetÂ's call it the Stress Virus. For the Stress... |
Daniel Savickas, The Examiner One of the most important legacies the Trump administration will leave behind is the mountain of regulatory red tape taken off the books. This red tape reduction contributed greatly to the expansion of our economy, the growth of the stock market, and the reduction in unemployment. This has been a key part, if not the cornerstone, of fulfilling the president's promise to "drain the swamp" in Washington. |
Emily Cegielski, Worth It's no secret that the travel industry will look much different in a post-coronavirus world. Thankfully, Rockefeller's luxury travel goods brand Paravel is working to make sure that the future is brighter than ever before. |
Steven W. Mosher, New York Post Xi Jinping's "China Dream" is now on life support, in danger of succumbing to the same coronavirus that the country has unleashed upon the world. |
William Cohan, Vanity Fair In 2008, Buffett calmed the markets and signaled it was safe to buy. Now, with the Oracle of Omaha silent, Bill Ackman is the most public of bulls. But maybe Buffett is quietly buying. |
Morgan Housel, Collaborative Fund How do we pay off the debt we'll incur to pay for the cost of the pandemic? |
Paul Kaplan, Morningstar Our analysis of equity markets over the past 150 years shows how the current coronavirus-caused crisis compares to previous market crashes. |
Eric Lorber & Jonathan Schanzer, CNN Frightened by uncertainty and hungry for safe assets, investors and business owners are flocking to the US dollar. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
L. Randall Wray & Yeva Nersisyan, Project Syndicate Since the United States adopted a $2.1 trillion rescue package to complement unprecedented action by the US Federal Reserve in response to the COVID-19 crisis, the media have been amplifying popular misconceptions about Modern Monetary Theory. So, what does MMT actually say about financing government borrowing and spending? |
Scott Grannis, Calafia Beach Pundit FINALLY, politicians are realizing that the shutdown of the US economy is a huge disaster. |
Claire Jones, FT Alphaville Some European governments are beginning to take the first steps towards re-opening their economies. But without a vaccine and with many questions about coronavirus remaining unanswered, can we really expect activity to bounce back strongly? |
Macromon, Global Macro Monitor Caveat freaking emptor. |
Arnold Kling, askblog I've seen headlines about polls showing that people are afraid of restrictions being lifted too soon. To me, it sounds as if they prefer what I call Lockdown Socialism. |
Ironman, Political Calculations Stock prices are rising even as future dividends are falling. |
Corrie Foos, Free Market Zone It is well-known among insurance professionals, that until a loss occurs, most business owners care more about price than coverage. If all of my insurance proposals during the last year had included a rider for pandemic business interruption insurance, I believe less than 5% of the buyers would have considered it. Obviously, it's a decision ? |
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