03/24/2020
Today Vernon Smith, USA Today While on spring break from Chapman University, I am now “confined” by the pandemic to my home in Tucson where I live part of the year. The fourth of four COVID-19 cases in Pima County (population just over one million) was announced as I write this — a haven of safety indeed. But street traffic is heavy, the stores crowded, and people are busily surfing the empty shelves and buying from the shelves not yet empty. |
Steven Rattner, New York Times To save American jobs, we need to save American businesses. |
Russel Redenbaugh & Jame Juliano, Kairos Capital |
Craig Timberg & Drew Harwell & Laura Reiley & Abha Bhattarai, Washington Post American business practices long have shown the scars of national trauma: Devastating fires spawned major factory regulations. World War II hastened the entrance of women into the workforce. Analysts say the novel coronavirus pandemic could push broad societal shifts, with industry-wide disruption and a new normal for economic change. |
Market Minder, FI Another week, another mixed bag of extraordinary Fed actions. |
Joe Calhoun, Alhambra Stocks took another beating last week as the scope of the coronavirus shutdown started to sink in. The S&P 500 was down 15% last week with most of that coming on Monday after the Fed's emergenc? |
Brian Riedl, MI Government should focus on replacing paychecks and subsidizing fragile businesses. |
John Tamny, RCM Every so often it's worth restating the simple truth that just about every business ever founded in Silicon Valley has gone bankrupt. By all accounts from venture capitalists who allocate... |
Robert Atkinson, The Hill It's time for economists, pundits, and political leaders to acknowledge there is a set of industries that are "too critical to fail." |
Michael Busler, RCM President Trump has sharply criticized major corporations for using the proceeds of the 2018 tax cut for stock buybacks. He said that corporations were supposed to use this extra cash flow... |
Seth Levine, Integrating Investor These are truly remarkable times in the investment markets. The speed, intensity, and ubiquity of this selloff brings just one word to mind: violence. It would be remarkable if it wasn’t so destructive. Sadly, the reactions from our politicians and the public were predictable. The Federal Reserve (Fed) faithfully and forcefully responded. Despite its unprecedented actions, it seems like they’re “fighting the last war.” |
Lawrence Reed, Foundation for Economic Education |
Cooper Howard, Charles Schwab Year-to-date total returns drop amid concerns about market liquidity and municipal finances. |
Liz Ann Sonders & Jeffrey Kleintop & Kathy Jones, Schwab Recent stock action suggests some investor exuberance is being worked off. |
Matthew Luzzetti, Deutsche Bank Group |
Peter Hooper, Deutsche Bank |
Kathy Jones, Charles Schwab The Federal Reserve is reluctant to cut its policy rate below zero, but markets could drive Treasury yields negative anyway. |
Daniel Kern & Renee Kwok, TFC Financial Management |
Carrie Schwab-Pomerantz, Charles Schwab Trying to improve your credit score? This week's Ask Carrie, talks about the impact of recent FICO changes and how to maintain good credit. |
Richard Ebeling, American Institute for Economic Research The world has rapidly moved into a seemingly aggressive paternalistic planning mode in the face of the Coronavirus crisis. Many voices are heard to say that personal and economic liberties must be restricted or even temporarily banned. At the same time, many of those same voices are saying that at a moment like this government spending, for all intents and purposes, has no limit. Welcome to the world of a really lot bigger government. |
John Tamny, RCM At lunch last week at a diner-style restaurant with an old friend in a fancy part of northern Virginia, the friend talked of how his daughter had been working as a hostess at one of the most famous... |
Mark Zuckerman & Andrew Stettner, USA Today Right now, the COVID-19 health emergency is forcing countless workers across the country into full or partial unemployment. Hardest hit are employees in the retail and service sectors, jobs that already offer low pay and few benefits. And the worst is yet to come: Nearly 80 million jobs are at risk due to coronavirus, Moody’s Analytics estimates. Goldman Sachs estimated that an unprecedented 2.25 million Americans will have filed for unemployment last week alone. |
Arpit Gupta, City Journal How to get Americans back to work safely |
Mark O'Connell, New York Times The prepper vision of the world is bleak and ruthless. Something better is happening now. |
Peter Boettke, American Institute for Economic Research Ludwig von Mises remains in my judgment the greatest economic analyst of the 20th century. He was sharp and pointed, and yet comprehensive. His critique of socialism was decisive and his price theoretic rending of the manipulation of money and credit remains I would argue the top contender for an economic theory of macroeconomic volatility. |
Jonathon Trugman, New York Post I propose that the Treasury and the Federal Reserve use banks â?" at little-to-no profit â?" as conduits to expedite small business loans and mortgage refinances nationwide, since roughly half the country works for small businesses and roughly half the country owns a home. |
Daniel Griswold, The Hill The right trade-policy response to the coronavirus epidemic is not to pile new burdens on the ability of Americans to source medical supplies and other goods from China. |
Rohan Nadkarni, Sports Illustrated While the league unequivocally did the right thing in suspending its season, the financial penalties will be severe. And figuring out a roadmap for the future is just as painful. |
John Rekenthaler, Morningstar When will stocks recover? |
Ben Carlson, A Wealth Of Common Sense You are unlikely to catch the low but in past crashes buying too soon wasn't as painful than you might think. |
Jon C. Ogg, 24/7 Wall St. Earnings are impossible to predict even for the most predictable of companies. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Carmen Reinhart, Project Syndicate The vast uncertainty surrounding the possible spread of COVID-19 and the duration of the near-economic standstill required to combat it make forecasting little different from guessing. Clearly, this is a "whatever-it-takes" moment for large-scale, outside-the-box fiscal and monetary policies. |
Jacob Sullum, Reason The mortality rate is much lower than the official numbers suggest, and adaptive behavior affects the transmission rate. |
Dave Sekera, Morningstar Except for when the market was broken in 2008, corporate bonds are trading at their widest credit spreads and lowest dollar prices over the past 20 years. |
Umair Haque, Medium Could something good come from the COVID-19 pandemic? |
Alicia McElhaney, Institutional Investor Tepper said he wants to see government action and "ventilators rolling off the factory floor" before he'll go all in. |
Peter Hessler, The New Yorker |
John Cochran, The Grumpy Economist A trillion bucks is a lot of money. The costs of shutting down the economy are larger. |
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