10/15/2020
Today Gene Marks, The Hill Democratic presidential nominee Joe Biden's economic proposals are, on the surface, not very friendly to small business. |
Richard Rahn, RealClearMarkets Most voters have made some votes they regret — when they voted for a winner, and he or she did not live up to expectations. The situation is even worse when you convince someone to vote for a candidate who turns out to be a disaster. The person you convinced to make the bad decision probably, at least quietly, resents you for giving bad advice and has lost some respect for your judgment. Most of the mainstream media, by being so far in the tank for Joe Biden, have now put themselves in the position that if he is elected and fails, they are going to suffer even lower reputations. To the... |
Clare Duffy, CNN Tim Burgess came up with creative ways to keep his Charlottesville, Virginia, restaurants running after reopening in May, following a nearly two-month shutdown during the pandemic. |
Tim Worstall, Washington Examiner President Trump's trade policies, or perhaps the tariff parts of them, have turned out just like every economist but one predicted: They're terrible. Unfortunately, the one economist who says otherwise is Peter Navarro, Trump's main adviser on trade issues. I'm not even exaggerating that he's the only one: A New Yorker reporter wrote about Navarro's trade policies that "even with his assistance, I was unable to find another economist who fully agrees with them." And that's precisely because those policies are just plain wrong. |
Kristin Dziczek & Bernard Sweicki, RCM As the nation begins to recover from the recession brought on by the global pandemic, Japanese automakers are making significant contributions that will help drive U.S. growth in critical areas of the economy, such as manufacturing and high-tech research and development (R&D). These companies have a long track record of making such investments, as evidenced by their role in helping to fuel the U.S. recovery from the 2008 global financial crisis, thereby contributing to an unprecedented wave of economic growth. Since Toyota opened its first dealership in Hollywood, California in 1958,... |
Steven Bertoni, Forbes In late February, Target CEO Brian Cornell was sipping coffee in a Manhattan deliâ?Â"one eye on the keynote address he was soon to give at an investor conference, the other on his phone as news alerts of America?s first confirmed. |
John Tamny, RCM In a 2015 piece for USA Today, Clemson athletic directly Dan Radakovich wrote about the Tiger Trust, “which allows any student-athlete who leaves campus in good academic standing to return on athletic aid to complete his or her degree.” Translated for those capable of seeing beyond all the hype about scholarship athletes being ripped off, Clemson honors scholarships granted to former football players long after the football dream dies. This, and many truths rate mention as all the nail-biting about allegedly “exploited” college football players continues. Friday Night... |
Daniel Tenreiro & Andrew Stuttaford, National Review On the menu today: Volatility boosts bank profits, ESG (again), a defense of the financial media, and why studying economics will make you rich. |
Emily Flitter & Kate Kelly, New York Times Trading activity gave the big banks a boost while their consumer businesses slumped. And they aren't counting on more stimulus, either. |
Ravi Kumar, MarketWatch Over half of consumer are saving more, a recent survey shows |
Zamira Rahim & Pierre Bairin & Gaëlle Fournier, CNN Governments across Europe are claiming that they face an unenviable choice as the coronavirus pandemic rages on: Saving their economies or saving lives. |
Stacey Rudin, American Institute for Economic Research ast week, in a major departure from months of pro-lockdown messaging, Britain’s envoy to the WHO Dr. David Nabarro called for world leaders to stop locking down their countries and economies as a “primary method” of controlling COVID19. “I want to say it again: we in the World Health Organization do not advocate lockdowns as the primary means of control of this virus,” Dr. Nabarro told The Spectator. “The only time we believe a lockdown is justified is to buy you time to reorganise, regroup, rebalance your resources, protect your health... |
Solomon Teller, Green Harvest Asset Management |
Market Minder, Fisher Investments Negative interest rates aren't a net benefit, in our view, but they aren't necessarily bearish, either. |
Brad McMillan, Commonwealth Financial Network |
Paul Hoffmeister, Camelot Portfolios |
Richard Moody, Regions Bank |
Philip van Doorn, MarketWatch There's an overlooked asset class that can uncover opportunities for you while cutting risk |
Coryanne Hicks, U.S. News & World Report |
Paul Krugman, New York Times Why Senate Republicans won't help Americans in need. |
Kristen Soltis Anderson, Washington Examiner Growing up in the shadow of two decades of wars, multiple economic collapses, and now a pandemic, you might think that young people in America are doomed. As columnist David Brooks recently noted, "Children can now expect to have a lower quality of life than their parents." Brooks is not alone in his fears for the next generation; most people believe that today's children will not grow up to be better off. |
Angelina Del Rio Drake & Mark Popovich, The Hill Home care workers, nannies and housecleaners have long kept our homes and families safe; it's past time for us to do the same for them. |
Andrew Brandt, Sports Illustrated Much has been made of Dak Prescott's contract situation, before and after his injury in Week 5, but he will likely end up in the same position next February he'd be in anyway. Plus, the NFL playing through the pandemic and why Bill O'Brien was destined to fail. |
Dion Rabouin, Axios China is already test-driving the future of finance while the rest of the world is stuck trying to get its learner's permit. What's happening: Over the past two weeks Chinese authorities in cities like Shenzhen and Chengdu have given out the country's brand new digital renminbi currency and are urging even faster rollout of the token nationwide. |
Julia Horowitz, CNN You'd expect the biggest US banks to be having a tough time right now. |
Matthew Goldstein & Steve Eder & David Enrich, NYT Leon Black, whose $9 billion fortune could buy the best counsel in the world, paid at least $50 million to Mr. Epstein for advice and services after most others had deserted him. |
Peter Lane Taylor, Forbes COVID-19 has turned American housing upside down. Now that the first wave of the pandemic has moved through, these towns, cities, and regions are booming. Here's whyâ?Â"and howâ?Â"COVID's great migration is about to transform American real estate for a generation |
Nathan Bomey, USA Today This is more than just a bedtime story. Immersed in a work-from-home revolution, Americans are working from their beds, watching movies in the sack, spending more time at home and, consequently, deciding to upgrade their sleep setup. The upshot is that after years of turmoil caused by bankruptcies, store closures and intense competition, the mattress industry is suddenly flourishing during a pandemic that has reoriented people’s budgets. |
Ron Lieber, NYT United and Delta have been boasting to lenders about fat margins in frequent-flier mile programs. Time for customers to pay a bit more attention. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Helen Raleigh, City Journal Hunter Biden and other children of political leaders are favored elites in the Chinese mode. |
Ed Yardeni, Dr. Ed's Blog The Fed and Treasury have consolidated operations. |
Donald G. McNeil, Jr., The New York Times The months ahead will be difficult. But the medical cavalry is coming, and the rest of us know what we need to do. |
Eric Posner, Project Syndicate For all the hand wringing over Donald Trump's authoritarian rhetoric, the 2020 US election is not really about the incumbent. It is about deep-seated suspicion regarding the national government's role, which makes populism a recurring feature of American political history. |
Brett Arends, MarketWatch What could possibly go wrong? |
Scott Grannis, Calafia Beach Pundit Here's my current reading of the economic tea leaves: 1) the September CPI inflation release confirms that ex-energy inflation continues on ... |
Scott Sumner, The Money Illusion China may not have won the trade war but the US definitely didn't. |
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