08/31/2020
Today James Stewart & Alan Rappeport, The New York Times The coronavirus was an opportunity for the Treasury secretary to redefine his legacy, for better or worse. |
Market Minder, Fisher The Fed's new inflation targeting approach is less than meets the eye. |
Zachary Karabell, Washington Post The central bank finally got its head out of the 20th century. |
John Tamny, Forbes The most valuable company in the world as of 2013 has lost $267 billion in market cap since. This basic truth reminds the mildly sentient that the Fed's ability to power stock-market rallies is wholly theoretical. |
Mark Decambre, MW The new Dow divisor is likely to be 0.152 |
Gerard Scimeca, RealClearMarkets If our current economy were a swimmer paddling furiously against a surging tide, then California is determined to hand it an anchor. Millions of Americans who work to make ends meet through freelance work in the ‘gig’ economy were recently handed virtual pink slips through AB5, legislation signed into law last year by Governor Gavin Newsome forcing independent contractors to be treated as employees. With other states now looking to follow suit, it’s time Congress address this atrocious assault on worker freedoms and economic innovation by enacting federal standards on... |
Andrew Wilford, RealClearMarkets Accurate and representative data is always a necessary ingredient for good tax policy proposals — after all, it’s hard to prescribe a treatment when you don’t have the correct diagnosis. Unfortunately, Senator Bernie Sanders (I-VT) has chosen a period of national crisis to deliver one of his biggest statistical whoppers yet. And just as the underlying data is faulty, his proposed policy recourse would be even more disastrous. Sanders, relying on data from the left-wing interest groups Americans for Tax Fairness (ATF) and Institute for Policy Studies (IPS),... |
Julia Horowitz, CNN Economists are worried that the tepid recovery in the US job market could run out of steam this fall should coronavirus cases surge again just as federal stimulus money runs out. |
Editors, The Week Official site of The Week Magazine, offering commentary and analysis of the day's breaking news and current events as well as arts, entertainment, people and gossip, and political cartoons. |
Tim Worstall, Examiner Contrary to what you might have been told, a 32.9% fall in GDP is a smaller decline than a 22.1% one, or even an 11.9% decline. Those are the economic slowdown estimates for, respectively, the United States, the United Kingdom, and Germany. It's not magic, or deceit, or even American exceptionalism that explains why that 32.9% is actually smaller than 22.1% and 11.9. It's because the U.S. reports economic changes on an annualized basis (meaning it shows how bad it would be if the quarter continued all year), while everyone else just lists what happened during those three months. Removing that... |
Charles Duhigg, Slate It's scary to start out on your own. But it's dangerous to stay in a job you hate. |
George Gilder, American Institute for Economic Research In any case, you had better read this Prophecy quickly because I may not return to write any more. Charlie has taken over. I may have been unmasked as part of a “troubling cluster” of “private recreational activity.” I am wantonly exhibiting my face to the world in defiance of Anthony Fauci and his covidocracy. |
Richard Moody, Regions Bank |
Jeff Troutner, Equius Partners |
Brad McMillan, Commonwealth Financial Network |
Jerry Bowyer, Vident Financial |
Beth Akers, Manhattan Institute Over the last two decades, the cost of higher ed has grown faster than almost any other sector. This new report identifies four sources leading to these rising costs. |
Various, National Bureau of Economic Research |
Carrie Schwab-Pomerantz, Charles Schwab Financial abuse comes in many guises and impacts men and women alike, warns Carrie Schwab-Pomerantz. Here are some common signs you shouldn't ignore. |
John Rekenthaler, Morningstar When half-right means entirely wrong. |
Editors, National Review The Fed's caution has served it badly in its recent review of its policies. |
Tim Duy, MSN Too many questions about the central bank's intentions and policy framework have been left unanswered. |
Brett Arends, MarketWatch Pandemic panic is the perfect cover for gutting the program |
Stacy Cowley, NYT Investigators have charged big spenders with cheating the Paycheck Protection Program for small businesses. But more fraud lies below the surface, and it'll be harder to find. |
Randy Epping, CNN Business Randy Epping has no idea how to create wealth so his only solution is to take from rich and give to the poor. |
Alissa Wilkinson, Vox What Hollywood's big-budget mythmaking spectacles did for America, and why it's all changing. |
Douglas A. McIntyre, 24/7 Wall Street So-called zombie foreclosures were part of the mortgage landscape in the Great Recession, and new research shows that they are back. |
Stephen S. Roach, Project Syndicate Soaring financial markets are blithely indifferent to lingering vulnerabilities in the US economy. But the impact of consumers' fear of COVID-19 on pandemic-sensitive services are unlikely to subside, undermining the case for the uninterrupted recovery that investors seem to expect. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Danielle DiMartino Booth, Enterprising Investor Monetary policy gone wild |
Steven Malanga, City Journal By skipping games for nebulous political demands, pro athletes threaten to alienate fans and crater their own industry. |
Antonella Marty, National Review Populism has ruined a once rich country. |
Ben Carlson, A Wealth Of Common Sense There's a lot of money sitting in checking accounts |
Joann Muller, Axios But not a car buyer |
Liz McCormick, MSN Pros have lots of choices, but for individuals, the best move may be to start saving more. |
Alex Tabarrok, Marginal Revolution It’s taken far too long and it’s still not FDA approved for at-home use or for asymptomatic individuals but the new $5,15-minute, easy to use, Abbott test and the Trump administration’s promise to purchase 150 million of them is a big deal. |
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