04/20/2020
Today Porter Stansberry, AC Recently, an old friend said, “Porter, I’m almost afraid to ask… but what do you think about all of this madness, about the government telling everyone they have to sit in their houses? How long do you think this can go on?” What do I think? You probably won’t like it… We are going through the greatest mass delusion in history. Never in my life have I ever been more ashamed of our elected officials. And never in my wildest dreams did I think our entire country would fall for such complete nonsense on such an enormous scale. |
Geoffrey Joyce, MarketWatch Is the economic cost of COVID-19 $150 billion? Or $5.6 trillion? |
Andy Puzder, Fox News It's time to start getting things back to normal after weeks of unprecedented national sacrifice to stop the coronavirus from spreading. |
Harry Holzer, The Hill But it is more sensible for Congress to enact a moderate round of new economic relief now â?" with more funding for small businesses, hospitals, and hard-hit states â?" than to encourage a premature opening of the economy, which would be much costlier down the road. |
John Tamny, RCM In recent weeks we've heard about banks reducing their loan exposure to oil producers. With prices of crude at levels not seen in years, banks are less willing to lend toward proven supplies... |
Roger Cohen, New York Times Trump is Mark Twain's king, the great American con man. |
Christoph Gisiger, themarket Jonathan Tepper, Chief Investment Officer of Prevatt Capital, warns that today's unprecedented monetary stimulus programs make the financial system more vulnerable. He advocates a quick re-opening of the economy, and spots attractive investment opportunities in travel-related companies such as Expedia and Zurich Airport. |
Market Minder, Fisher Here are some tips on protecting yourself from bad actors exploiting COVID-19 fears. |
Editors, USA Today Low fuel prices are not necessarily a good long-term solution for a world trying to deal with the effects of climate change. But in the short term, they are perhaps the most effective and fast-acting form of economic stimulus available. While government agencies are struggling with how to distribute stimulus checks, small business loans and corporate bailouts amid the COVID-19 epidemic, lower prices at the pump provide a quick boost to many who need it most. |
Brandon Fuller, City Journal A dialogue on the future of the economy and cities |
David Simon, RCM The COVID-19 death rates in Taiwan, Hong Kong, Singapore, Japan, and South Korea each have been tiny fractions of those in Western European and Scandinavian countries and the United States and... |
Eric Nelson, Servo Wealth Management We are all biased in how we remember the past, and this has serious implications for how you make financial decisions. Learning more about your hindsight bias might help you avoid common and very costly investment mistakes. |
David Ranson, Independent Institute |
Jeff Troutner, Equius Partners |
Daniel Kern & Renee Kwok, TFC |
Richard Moody, Regions Bank |
Allison Schrager, Manhattan Institute |
Brian Wesbury & Robert Stein, First Trust Advisors |
William Cohan, Vanity Fair In 2008, Buffett calmed the markets and signaled it was safe to buy. Now, with the Oracle of Omaha silent, Bill Ackman is the most public of bulls. But maybe Buffett is quietly buying. |
Morgan Housel, Collaborative Fund How do we pay off the debt we'll incur to pay for the cost of the pandemic? |
Paul Kaplan, Morningstar Our analysis of equity markets over the past 150 years shows how the current coronavirus-caused crisis compares to previous market crashes. |
Eric Lorber & Jonathan Schanzer, CNN Frightened by uncertainty and hungry for safe assets, investors and business owners are flocking to the US dollar. |
Ben Carlson, A Wealth Of Common Sense Why tech is the most important sector in the stock market right now. |
Dylan Matthews, Vox It's the Fed's job to fix the economy. And there's a lot it could still do. |
Barry Brownstein, AIER Think again if you believe draconian controls recommended by a few (but far from all) medical experts are saving many lives from COVID-19. Facts reported by mathematician Yitzhak Ben Israel of Tel Aviv University don’t support such beliefs. |
Hans Bergstrom, Project Syndicate As the coronavirus pandemic has swept the planet, Sweden has stood out among Western democracies by pursuing a "low-scale" lockdown. Whether this approach speaks to a unique strength of Swedish society, as opposed to bad judgment, can be determined by comparing Sweden's COVID-19 rate with its neighbors'. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Corrie Foos, Free Market Zone It is well-known among insurance professionals, that until a loss occurs, most business owners care more about price than coverage. If all of my insurance proposals during the last year had included a rider for pandemic business interruption insurance, I believe less than 5% of the buyers would have considered it. Obviously, it's a decision ? |
Bill McBride, Calculated Risk We may be reaching the peak but we're not ready to send everyone back to work. |
Ben Carlson, A Wealth Of Common Sense This market is looking more and more like the 1930s. |
Michael Brush, MarketWatch Yes, even in the energy sector |
Alex Davies, Wired Cities from Bogota to Oakland are closing streets to make room for pedestrians and bikers. Urbanists think we'd be healthier if such changes were permanent. |
Jemima Kelly, FT Alphaville We need a third model for the moral implications of virus policy. |
John Cochrane, The Grumpy Economist Are we ready to reopen? No but not for the usual reason. Once we have testing we can reopen, says conventional wisdom. I doubt that. Who... |
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