07/25/2020
Today Allison Schrager, CJ Congress must act judiciously in encouraging businesses to start hiring again. |
Annie Lowrey, The Atlantic |
Zack Stanton, Politico The economic toll of the collapse of the child system will be felt for 20-30 years, says Betsey Stevenson. |
Rex Nutting, MW More than 2 million people filed for jobless benefits last week, but there's been no surge yet in response to renewed social distancing rules |
Patricia Cohen, NYT For millions of people, making a living is a cobbled-together proposition. That leaves a hole in the safety net when things turn bad. |
Jordan Weissmann, Slate Magazine It helped the wrong businesses, saved too few jobs, and failed to stem an economic nightmare with no end in sight. |
Patrick Horan, Mercatus Bridge On July 21, the Senate Banking Committee will vote on advancing the nomination of Judy Shelton to the full Senate for confirmation to the Federal Reserve Board of Governors. Shelton's nomination has elicited a great deal of controversy, partly owing to her record as an advocate for returning the United States to a gold standard. |
Andrew Biggs & Sheila Weinberg, Forbes To the degree a state's pension plan is what drives it toward insolvency, addressing pensions separately before things fall apart might avert a larger economic catastrophe. |
Caleb Watney, The Atlantic |
Russell Roberts, The Hoover Institution A lot of people reject capitalism because they see the market process at the heart of capitalismâ?"the decentralized, bottom-up interactions between buyers and sellers that determine prices and quantitiesâ?"as fundamentally immoral. After all, say the critics, capitalism unleashes the worst of our possible motivations, and it gets things done by appealing to greed and |
Michael Warren Davis, The American Conservative |
Jerry Bowyer, Vident Financial |
Jeffrey Kleintop, Charles Schwab If not extended or replaced, the fading support for the unemployed raises the risk of weakening economic momentum, turning the V-shaped recovery into a W. |
John West & Ari Polychronopoulos, Research Affiliates Applying the definition of factor robustness established by our Research Affiliates colleagues in their 2016 award-winning paper, we determine that ESG is not a factor. Nevertheless, the importance of ESG as an investing strategy is undeniable. We explore how greater clarity around defining ESG can quicken the pace of ESG integration in equity portfolios. |
Carrie Schwab-Pomerantz, Charles Schwab Is it smart to save for retirement past age 70 if you're still working? Absolutelyâ?"especially with the new SECURE Act, says Carrie Schwab-Pomerantz. |
Richard Moody, Regions Bank |
Jeff Erber, Grey Owl Capital Management |
Doug Badger, Heritage A lot has happened in Florida in the two weeks since I last analyzed its COVID-19 numbers. Unfortunately, not much of it is good. Florida has reported almost as many cases among its residents over the past two weeks as it did over the previous three and a half months. The newly infected population has trended younger, which is an encouraging sign. That has helped reduce the percentage of infected patients who fall seriously ill and cut the ratio of deaths to reported cases. |
Larry Swedroe, Advisor Perspectives How would Buffett be viewed if, instead of being the chairman of Berkshire Hathaway, he ran an open-end mutual fund by the same name? |
Christopher Schelling, II Research shows that both short-term and chronic stress can negatively impact investment decisions. But there are ways to avoid making bad choices under duress. |
Christian Britschgi, Reason Democrats in Congress are floating plans for billions more in rental assistance, and a blanket nationwide moratorium on evictions to forestall a potential housing crisis during the pandemic. |
Leeza Osipenko, Project Syndicate Armed with big-data analytics, machine learning, and other novel methods, US Big Tech firms are getting into the health-care game, promising vast improvements in health outcomes and efficiency. What could possibly go wrong? |
Joe Nocera, MSN A writer explores how playing cards taught her to discipline her thinking and focus more on process than outcomes. |
Staff, The Economist As natural wealth is used up, economies will rely more on human capital |
Richard Samuelson, Claremont Review of Books If we really wish to remove names associated with slavery, one obvious candidate is New York City itself. |
Staff, The Economist An uncertain and uneven recovery explains their skyward leap |
Stephen S. Roach, Project Syndicate An overvalued US dollar is ripe for a sharp decline, owing to America's rapidly worsening macroeconomic imbalances and a government that is abdicating all semblance of global or even domestic leadership. And the European Union's approval of a joint rescue fund is likely to accelerate the euro's rise. |
Ankush Khardori, TNR Thanks to the Trump administration's signature mix of incompetence and corruption, America is knee-deep in fraud and corporate malfeasance. |
Michael Rapoport, Institutional Investor A small group of short sellers, spurned investors, a former journalist, and an ex-prosecutor are intent on revealing large-scale fraud in China. |
Veronique de Rugy, Reason When mob mentality and moral suasion meet the market |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Barry Ritholtz, The Big Picture It is still the wealthy that own the vast majority of investment assets. |
David Merkel, The Aleph Blog Life is somewhat predictable in the short run. That said, there are always surprises that make us say, “This has never happened before.” |
Staff, CNN Business See how the recession and recovery are changing everyday American life through this series of charts. |
Scott Sumner, The Money Illusion Back in April, I saw some people making the argument that social distancing is a bad idea. They claimed that it would only delay the inevitable, and that herd immunity was the only plausible endgame. One fewer Covid-19 death today would mean one more death in the future.We still don’t know many things about Covid-19, but one thing we now know for sure is that this argument is wrong. |
Stacy Perman, Los Angeles Times Missing for 40 years, a rare cello surfaces with a surprise ending |
Ed Yardeni, Dr. Ed's Blog Asset prices around the world are melting up. |
David Merkel, The Aleph Blog My view is that the more the market is exposed to a concept, the less it reacts to it. Yes, in the initial phase, that is not true — briefly, the more we hear about new concepts, the more impact they have. |
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