08/28/2020
Today Allison Schrager, City Journal Calls to use monetary policy to help disadvantaged African-Americans are misguided. |
Oren Cass, New York Times "Material living standards" are not the same thing as "quality of life." |
Market Minder, Fisher Investments Debt levels are rising in the US and UKâ?"but trouble doesn't necessarily loom. |
Jeffrey Snider, RealClearMarkets They didn’t do these things in those days. This was before the current age of transparency in central banking, back when Montagu Norman’s dictum was more widely regarded. Monetary policy didn’t need hype and hoopla, the central banker just made some money and sat back to watch its predictable magic. In a way, that’s kind of what they hoped they’d be doing. On February 12, 1999, Masaru Hayami’s Bank of Japan released its historic press release; and only that release, no frills, no spectacle. The text didn’t even use the word “zero” anywhere... |
Jeffrey Tucker, AIER For so many months, it’s been nonstop bad news on business closures, arts trashed, museum shuttering, unemployment, missed surgeries and diagnostics, plus rising loneliness, drug overdoses, depression, and suicide. Every day has been as dark or darker than the previous one. And yet here we are with a political class, all over the world, refusing to admit error and fearing the reopening because they don’t want to be seen as reversing course on the most catastrophic policies in modern history. |
Alexander Salter, RCM Dr. Judy Shelton, one of President Trump’s nominees to the Federal Reserve Board of Governors, has been under constant attack since she passed her Senate committee vote. In addition to receiving pushback in the press, she is now being harshly criticized by the central banking community, primarily for her favorable view of the gold standard. A group of former Fed staffers, economists, and bank presidents just wrote a letter to the Senate, recommending her bid be rejected. But the reasons they give should make us seriously concerned about the Fed’s ability to uphold the public... |
Paul Katzeff, IBD One of the keys for solid retirement planning is having enough stocks and stock funds in the diversified portion of your nest egg. But how do you know how much stock is enough? |
Vivekanand Jayakumar, The Hill There is growing concern that market concentration poses a threat to the long-term stability and health of the American economy. |
Alicia Wallace, CNN At Amazon's newest grocery store, you can ask Alexa voice assistants where to find milk, scan and check out your groceries using your shopping cart, and pick up books you ordered off the e-commerce giant's website. |
John Tamny, Forbes Christopher Buckley Buckley gets Trump. That he does will have some of Trump?s bitterest critics hoping for a Trump victory if only to get at least one more satire of #45 from the funniest writer alive. |
Daniel Kern, U.S. News & World Report TECHNOLOGY STOCKS HAVE led the surge from the market’s March lows, continuing a multi-year trend. Over the past five years, the “FAAMG” group, an abbreviation coined by Goldman Sachs (ticker: GS) for five of the top-performing tech stocks in the market – Facebook (FB), Amazon (AMZN), Apple (AAPL), Microsoft (MSFT) and Google (GOOG), have added the most in market capitalization to the S&P 500, compared with the other companies in the index. |
Mark Perry, Washington Examiner Think the rest of the country will avoid electricity shortages of the kind that have led to rolling blackouts recently in California? Don't bet on it. Not enough baseload power from fossil fuel and nuclear plants and an increasing reliance on intermittent renewable energy sources such as wind and solar across the country are likely to keep power failures in the national spotlight for years to come. |
Jeff Troutner, Equius Partners |
Brad McMillan, Commonwealth Financial Network |
Jerry Bowyer, Vident Financial |
Beth Akers, Manhattan Institute Over the last two decades, the cost of higher ed has grown faster than almost any other sector. This new report identifies four sources leading to these rising costs. |
Various, National Bureau of Economic Research |
Carrie Schwab-Pomerantz, Charles Schwab Financial abuse comes in many guises and impacts men and women alike, warns Carrie Schwab-Pomerantz. Here are some common signs you shouldn't ignore. |
Jerry Bowyer, Vident Financial |
Stephen S. Roach, Project Syndicate Soaring financial markets are blithely indifferent to lingering vulnerabilities in the US economy. But the impact of consumers' fear of COVID-19 on pandemic-sensitive services are unlikely to subside, undermining the case for the uninterrupted recovery that investors seem to expect. |
Veronique de Rugy, Reason Research suggests reducing spending will boost consumption in the short- and long-run. |
Zach Baron, GQ Tech oracle Jaron Lanier warned us all about the evils of social media. Too few of us listened. Now, in the most chaotic of moments, his fears—and his bighearted solutions—are more urgent than ever. |
Ben Johnson, Morningstar Investors should focus on the long-term signals, pick their spots, and keep a close eye on costs, based on analysis from Morningstar's midyear Active/Passive Barometer. |
Lee Jackson, 24/7 Wall St. These five dividend-paying large-cap pharmaceutical stocks look like outstanding ideas for nervous investors looking for income and a degree of safety. They have come way in from their 52-week trading highs and are offering investors outstanding entry points. |
Michael Brush, MarketWatch You need this five-part plan to protect your portfolio |
Harriet Baskas, NBCNews Remote workers are turning to renting hotel rooms to escape the stress of the home office during the pandemic. Hotels, needing revenue, are rolling out perks. |
Matt Egan, CNN Even Corporate America thinks Wall Street's meteoric recovery may be getting out of hand. |
Andres Velasco, Project Syndicate A common refrain nowadays is that after COVID-19, Milton Friedman is out and John Maynard Keynes is in. But if, as the famous quote often attributed to Richard Nixon puts it, "we are all Keynesians now," we must remember what Keynes taught: fiscal policy should be tightened during good times, precisely so that it can be expansionary during bad times. |
Noah Williams, City Journal The impact of Joe Biden's tax plan would be less income across the spectrum and a sluggish economy. |
Ben Hunt, Epsilon Theory American Airlines CEO isn't feeling any pain. |
Alicia McElhaney, Institutional Investor How a major cosmetics company's loan restructure led to allegations of "nefarious" conduct and "disloyalty." |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Ironman, Political Calculations We're going to tell a story about the history of the market for new homes in the U.S. almost entirely in pictures today. |
Macromon, Global Macro Monitor Money Fueled Bubble Speculative manias gather speed through expansion of money and credit. |
Brian Doherty, Reason Reliance on persuasion, freedom, property, and markets might deliver both peace and justice where "No Justice, No Peace" has so far failed. |
Morgan Housel, Collaborative Fund Wealth takes many forms, not all of them monetary. |
Cullen Roche, Pragmatic Capitalism Three things I think I think |
Rusty Guinn, Epsilon Theory Cheesing is how Kodak happens. |
Izabella Kaminska, FT Alphaville There are a lot of similarities between the two movements. |
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