06/27/2020
Today Allison Schrager, City Journal Public-works projects are a risky strategy for reviving America's economy. |
Karl Smith, Bloomberg (Bloomberg Opinion) -- As part of their plans to support economic recovery from the Covid-19 crisis, both the White House and congressional Democrats are working on major infrastructure packages. This makes good sense, even though infrastructure programs used as stimulus have an uneven history, because |
Jim Saksa, Roll Call Fed Chairman Jerome Powell is walking a fine line between shoring up the economy and keeping the support of Congress, where some lawmakers oppose bailouts. |
Thomas Hogan, American Institute for Economic Research When members of Congress asked the Federal Reserve to provide emergency loans to nonbank companies, they did not like the response. “The Federal Reserve would be extremely reluctant to extend credit,” the Fed chair said. “Questions of industrial policy are best resolved by Congress.” |
Burton Abrams, The Hill The quantity theory of money, the view that the money supply is the key determinant of inflation, is dead, or today’s mainstream economists tell us. The Federal Reserve is now engaged in a policy that will either put the nail in the quantity theory’s coffin or restore it to the textbooks. Sadly, if the theory is alive and wins out, the economy is in for a very rough ride. |
Jordan Weissmann, Slate The plan to reignite business without containing the coronavirus has left us living in the worst possible scenario. |
Stephen Moore, Fox FreedomWorks economist Steve Moore talks to FOX Business' Melissa Francis about the unemployment rate and unemployment benefits. |
Annie Lowrey, The Atlantic |
Eduardo Porter, NYT Economic downturns have often led to political moves to lift the most vulnerable. But recoveries tend to reverse the effect. |
Neil Paine, FiveThirtyEight Experts think the economy's quick gains will level off soon. |
Rex Nutting, MarketWatch Working people, small businesses and local governments need more income now, or other dominoes will fall |
Katie Brockman, The Motley Fool This advice could do more harm than good when planning for retirement. |
John West & Amie Ko, Research Affiliates |
Jerry Bowyer, Vident Financial |
Jeff Troutner, Equius Partners |
Howard Husock, Manhattan Institute How did a change in Chinese policy make recycling in the U.S. no longer financially feasible? A new report examines the cost-benefit analysis of recycling. |
Jerry Bowyer, Vident Financial |
Jerry Bowyer, Vident Financial |
Allison Schrager, Manhattan Institute |
Dave Portnoy, Fox Business All I hear is old-timers say that the "retail bros" are going to get crushed. |
Jessica Aguirre, Vanity Fair By eliminating some of the risk, Jerome Powell’s Federal Reserve has made being a junk bond trader “a little more fun recently,” says one. But does the market really need the help? |
Joschka Fischer, Project Syndicate More than just a public-health disaster, the COVID-19 pandemic is a history-defining event with far-reaching implications for the global distribution of wealth and power. With economies in free-fall and geopolitical tensions rising, there can be no return to normal: the past is passed, and only the future counts now. |
Buttonwood, The Economist Value investing might not have the same moral authority as today if the dot com boom and bust hadn't happened. |
Jemima Kelly, FT Alphaville 20 warning signs to look for in trying to determine the next “Big Disaster” |
Matthew Yglesias, Vox He's blaming Obama for problems he created |
Martha White, NBCNews The real estate market is hot again, cheering sellers but threatening affordability for suburban and rural buyers competing with cash-flush buyers fleeing cities. |
Mark Hulbert, MarketWatch Powerful stock-market leaders ultimately take a fall |
Stephen S. Roach, Project Syndicate No country can afford to squander its saving potential â?" ultimately, the seed-corn of long-term economic growth. That's true even of the United States, where generations of policymakers have come to regard the long-standing belief in American exceptionalism as though it applied to the laws of economics. |
Matt Egan, CNN Business President Donald Trump's latest economic policies are the opposite of the emergency aid that Corporate America and Wall Street are clamoring for. |
Bill McBride, Calculated Risk After a decade of making fun of bearish analysts and writing "the future is bright", it pains me to be pessimistic. I hope I'm wrong on the virus, but if I'm correct, then I expect every major economic forecast will be revised down for the 2nd half of 2020 and for early 2021. |
Claire Jones & Izabella Kaminska, FT At its root, money is an IOU – a promise to give the bearer the option to own something they want at some point in the future in return for services rendered in the present. Yet when we pay for something, we have little idea of the journey our money has been on, nor of the tasks performed – previous to our own – to acquire it. Could that be about to change? |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Macromon, Global Macro Monitor The financial media is beginning assign blame to the recent stock market weakness to the spike in COVID cases and the potential for a November Democratic sweep of the White House and both chambers of Congress |
Mark Fischetti, Scientific American What scientists know about the inner workings of the pathogen that has infected the world |
David Zweig, Wired When students head back to class this fall, they may find themselves isolated from each other and wearing masks. This isn’t biosafety—it’s pandemic theater. |
Ben Carlson, A Wealth Of Common Sense Portnoy and his army of day-traders have gotten plenty of press in recent weeks from the financial media. The finance industry doesn’t quite know what to do with him. |
James Picerno, The Capital Spectator The Treasury market is forecasting much higher inflation than economists. |
Michael Boskin, Project Syndicate Predicting the speed and strength of the United States' recovery from the current recession is extremely difficult. But what is clear is that policymakers must boost incentives to work in normal times when jobs are plentiful, while strengthening the safety net for when they are not and for those who are unable to work. |
Rusty Guinn, Epsilon Theory Everything is permissible, but not everything is beneficial. |
|
|
|
|
