06/30/2020 Today
Zachary Karabell, Time Why isn't this a new Great Depression when the jobs numbers are Great Depression-like? Our unequal system explains a lot. |
Matt Egan, CNN An emergency program run by the Federal Reserve now owns bonds issued by Warren Buffett's Berkshire Hathaway. |
John Tamny, RCM Chesapeake Energy is the latest oil company to file for bankruptcy. With oil in the high thirties per barrel, the corporation has lost the ability to service its debt. Notable here is that lending to... |
Will Wilkinson & Puja Ohlhaver, The New York Times The Senate can take a page from the market economies around the world that managed to fight the pandemic and safely restore normalcy. |
Douglas Carr, RCM As a boy with his family in 1968, this author visited Virginia from the north and had to ask his parents why flags weren't at half-staff following Martin Luther King's... |
Don Boudreaux, American Institute for Economic Research Material prosperity is unambiguously good. Prosperity protects us and our children from starvation and malnutrition. It turns many diseases and injuries that were once lethal into minor inconveniences. Prosperity gives us longer, healthier lives, and it fills those lives with experiences vastly more diverse and enriching than were the dreary routines of nearly all of our ancestors. |
Mark Decambre, MarketWatch The Nasdaq is enjoying the best outperformance against the economically sensitive Dow since 1983 |
Gary Galles, FEE California and other state and local governments have filed suit to stop the Trump administration’s SAFE (Safer Affordable Fuel Efficiency) rule. That rule replaced the outgoing Obama administration’s rule requiring five percent annual increases in Corporate Average Fuel Economy, reaching 54 mpg by 2025, with 1.5 percent annual increases, reaching 40 mpg in 2026. |
Will Horton, Forbes American is restoring 55% of domestic seat capacity in July, far more than United's 30% or Delta's 21%. It may have a unique recovery advantage. |
Regina Egea & Thomas Healey, City Journal Governor Phil Murphy should follow the lead of other states during this unprecedented period. |
Ryan Ellis, Washington Examiner The month of July brings with it this year a tidal wave of tax payments owed by employers and families to the IRS and state tax offices. In total, about $1 trillion is scheduled to come out of the economy in July and be sent to federal, state, and local governments. Thankfully, Treasury Secretary Steven Mnuchin has full authority to delay at least the IRS payments until later this year, or even into the early part of 2021. |
Alec MacGillis, The New Yorker When Jolanda Woods was growing up in North St. Louis, in the nineteen-seventies and early eighties, she and her friends would take the bus to the stores downtown, on Fourteenth Street, or on Cherokee Street, on the south side, or out to the River Roads Mall, in the inner suburb of Jennings. “This was a very merchant city,” Woods, who is fifty-four, told me. There were plenty of places to shop in her neighborhood, too, even as North St. Louis, a mostly black and working-class part of town, fell into economic decline. There was Perlmutter’s department store, where women bought... |
Collin Martin, Charles Schwab For the second half of 2020, we don't expect a repeat of the first. |
Ryan Detrick, LPL Financial Research Market Blog Although the fight against COVID-19 continues to dominate the headlines and our thoughts are with those affected, this is an election year and as we get closer to November it will begin? |
Jeffrey Kleintop, Charles Schwab A second wave of global COVID-19 is getting a lot of media attention, but the appearance of a global second wave of cases is primarily driven by the different timing of first waves across countriesâ?"rather than second waves within countries. |
John West & Amie Ko, Research Affiliates |
Jerry Bowyer, Vident Financial |
Jeff Troutner, Equius Partners |
Mark Hulbert, MarketWatch Powerful stock-market leaders ultimately take a fall |
Justin Spittler, RiskHedge Have you ever hesitated to tell the truth because you KNEW it would make someone angry? That was me in early May, when I made a controversial call. |
Coryanne Hicks, U.S. News & World Report |
Emily Brandon, U.S. News & World Report |
Neil Baron, The Hill Concerns about spending are overstated. |
Mimi Swartz, The New York Times The state wanted to be among the first to reopen. It's now dealing with the consequences. |
Casey Given, Examiner The past month has been a difficult one for the largest tech companies. In late May, President Trump signed an executive order asking the FCC to propose regulations clarifying Section 230 of the Communications Decency Act, a foundational law of the modern internet that provides websites liability protection for content users post on their platforms. This month, the Department of Justice recommended additional reforms to Section 230, and several proposals are already making their way through Congress that would condition liability protection on compliance with future government regulations. |
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. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Yascha Mounk, The Atlantic America needs a reckoning over racism. Punishing people who did not do anything wrong harms that important cause. |
Willem H. Buiter, Project Syndicate Given that the COVID-19 crisis demands unprecedented levels of stimulus spending, policymakers should use the occasion to adopt a more flexible form of public-sector accounting. Insofar as public-sector assets like infrastructure add to the state's "net worth," they should be put to use generating new revenue flows. |
Shirin Ghaffary & Jason Del Rey, Vox "It's like I'm risking my life for a dollar". What the struggle Amazon workers face during the pandemic says about the future of work in America. |
Jacob Sullum, Reason The evidence suggests Americans are right to wonder. |
Bob Seawright, Above the Market Your most dangerous bias is the one you don’t know about. Getting the most out of ourselves, our networks, and our businesses require actively shaking up the status quo – including our personal status quos. |
Barry Ritholtz, The Big Picture Can an esteemed professor of finance ever escape his reputation as a “perma-bull?” |
Harry Stein, City Journal Lessons from the front lines | |
|
|
|