08/10/2020
Today Steve Cuozzo, New York Post Midtown without places to eat is a hollow shell of itself. They're the socializing glue without which no central business district can function. |
Robert Irvine, CNN I've spent my entire career in restaurants â?" cooking in them, building them and helping the struggling ones stay afloat. So to say that it has been incredibly difficult to watch as the restaurant industry has been devastated by the coronavirus would be more than an understatement. |
Jordan Weissmann, Slate Two of the president's ideas are useless, and none will rescue the economy. But some could actually help. |
Stephen Kent, The Hill Before the Trump administration, payroll tax shifting attracted support from smart progressives and conservatives alike. |
Ruchir Sharma, The New York Times It's one of the best performing assets in the world this year. That's not a great sign. |
Katie Brockman, Motley Fool Saving for retirement is one of the biggest financial goals you can aim for, and it's not always easy to achieve. The average worker expects to need roughly $1.9 million to retire comfortably, a survey this week from Charles Schwab revealed. For Millennials and Generation X, the number is $2 million, while Baby Boom generation members need about $1.6 million. |
John Tamny, Forbes Economic growth is the biggest enemy rising prices have ever known. The Fed?s inflation definition is insulting and backwards. |
Nancy Tengler, USA Today Early retirement wasn’t in your plans, and then along came COVID-19, an unprecedented economic shutdown and massive furloughs. So much for your retirement savings plan or that target date fund you selected based on your planned retirement date. Now what? |
Market Minder, Fisher Investments It doesn't seem realistic to us to expect a swift, straight-line employment recovery to February's levels, but that shouldn't sway your outlook for stocks. |
Eric Levitz, New York Magazine Congress remains deadlocked on the next coronavirus relief bill, but Wall Street has priced in another round of stimulus. If the deal falls through and markets crash, the White House just might surrender to Democrats' demands. |
Cody Willard, MarketWatch It's better to sell into a frenzied stock market than to run with the crowd, says Cody Willard |
Eric Grover, RealClearMarkets China’s pilot of a digital yuan is a shot across the bow of King Dollar. Domestically it will displace anonymous physical cash and compete with China’s card-network monopoly China UnionPay, and its PayPal analogues Alipay and WeChat Pay. Abroad it will help it bypass the dollar-dominated global financial system, facilitating China’s Belt and Road Initiative, which is being used to ensnare vast swaths of the world in its economic dominion. Hopefully, it’s a wakeup call for U.S. policymakers. |
Jeffrey Kleintop, Charles Schwab Let's take a look at how recent developments may have impacted long-term returns for stock market investors. |
Richard Moody, Regions Bank |
Michael Townsend, Charles Schwab Despite the slow pace of negotiations, we continue to think a deal will be struck this month. |
Brian Wesbury & Robert Stein, First Trust Advisors |
Jerry Bowyer, Vident Financial |
Richard Moody, Regions Bank |
T.J. Troutner, Equius Partners |
Jason Aten, Inc. New executive orders seek to ban two of the most popular apps from Chinese companies. |
Michael Johnston, Evergreen Gavekal Blue and red seldom agree on anything these days, so when both camps find common ground on the same issue, it's enough to make anyone's ears perk up. Such was the case during last week's Congressional Antitrust Subcommittee hearing, where four of tech's biggest CEOs spent hours being grilled by Congress. |
Sue Gordon, CNBC It's time to restructure the data ecosystem. There are five areas that need to be addressed, writes Sue Gordon. |
J. Bradford DeLong, Project Syndicate Owing to the lack of testing capacity, there is no way to know for sure just how bad the COVID-19 epidemic in the United States has become as a result of this summer's "Sunbelt second wave." But judging by the latest data on morbidity and unemployment-insurance claims, no one should bet on economic recovery in the third quarter. |
Ed Yardeni, Dr. Ed's Blog Will other vigilantes emerge to take their place? |
Izabella Kaminska, FT Alphaville What's with gold backwardation? |
Hillary Chura, The Christian Science Monitor Many landlords understand tenants' needs during this time, but they also have to meet their own financial obligations. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Jim O'Neill, Project Syndicate Obviously, a disaster scenario in which COVID-19 vaccine trials fail and the pandemic spins out of control would expose the ongoing equity rally as a case of irrational exuberance. But the worst-case scenario isn't necessarily the most likely, and the bears have not adequately considered the possibility of permanent positive changes. |
Kevin Williamson, National Review In what sense should a Jeep Compass manufactured in Mexico be thought of as American while a Mercedes GLE made in Alabama is not? |
Nicolas Rabener, Enterprising Investor Is your portfolio long or short volatility? |
Clayton Trutor, Reason.com Stealing Home: Los Angeles, the Dodgers, and the Lives Caught in Between tells the story of how a cluster of longstanding Mexican-American neighborhoods in Los Angeles was destroyed through the exercise of newly expansive state powers. |
Douglas A. McIntyre, 24/7 Wall St. There has been a great deal of debate about the need for the federal government to step in and save the U.S. Postal Service from financial ruin. But the agency continues practices that might have been valuable decades ago but no longer are. |
Ben Carlson, A Wealth Of Common Sense We've never seen people act like this in a recession. |
Jamie Powell, FT Alphaville We’re not sure we’ve ever seen this before: a company where its entire revenue base seems to come from services performed exclusively for a related party. |
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