04/07/2020
Today John Fund & Joel Hay, NRO Unlike other countries, it has so far avoided both isolation and economic ruin. |
Gabriel Leung, New York Times We need to hit and release the brakes on physical distancing, again and again, until we safely get to immunity. |
Jeffrey Tucker, AIER To the extent we can replace fear-based mythology, predictions, and state power with knowledge rooted in empirical realities, that is to say, actual facts, we get closer to comprehending the possibility of calm and focus on what matters. |
Alex Berezow, USA Today In response to the coronavirus pandemic, democratic governments across the world have implemented unprecedented peacetime lockdowns. One California city is even using night vision equipped drones — made in China, ironically — to enforce it. A city in Washington encourages citizens to snitch on those who violate the “stay home” order. Let’s pause a moment to consider the serious ramifications of what we are doing. |
Market Minders, Fisher Investments In some European nations, the conversation is shifting to easing restrictions as infection rates slow. |
Joseph Calhoun, Alhambra Partners It doesn't take much effort to find bearish sentiment about stocks or the economy right now. CNN's Fear & Greed Index, an amalgam of seven discrete market sentiment indicators, is still in the ? |
J. Scott Scheel, RCM COVID-19 has the potential to have an unprecedented financial impact on our economy. In prior emergencies, ambitious proclamations were made promising relief and support, and yet in the end,... |
Brad Bannon, The Hill The coronavirus stimulus package is a bonus for big corporations and a big loss for ordinary Americans. |
John Tamny, RealClearMarkets |
Charles Sauer, Washington Examiner As the father of three girls, I sometimes get a little overwhelmed when thinking about COVID-19 and social distancing. They, as many are, are losing out on school, birthday parties, playing with friends, and just the basic social interactions that are so transformative at their age. However, what gets me through is that despite the very real threat and consequences, there is also a silver lining. The thing that inspires me and makes me proud to be living at this moment, and excited to educate my kids about what is happening, is the innovative response that we are also seeing. |
Jonathan Russo, Worth With lifetime tenure and the absolute power of China's Communist Party, all trade and investments in China are subject to President Xi Jinping's whims. |
Brian Wesbury & Robert Stein, First Trust Advisors |
Jim Masturzo, Research Affiliates Major adjustments in capital markets around the globe have changed our long-term expected return forecasts for the 100+ assets we model. Before the corona crash we forecast long-term real returns for US equities to be only 1% a year. Now new, lower valuations suggest higher returns. |
Cooper Howard, Charles Schwab The municipal bond market has been hit hard by COVID-19 and market volatility. Here are our answers to some of the most frequently asked questions. |
Richard Moody, Regions Bank |
Preston Caldwell & Karen Andersen, Morningstar Our outlook on how the U.S. will cope during and after the shutdown. |
Chris Brightman, Research Affiliates All companies are getting walloped in the current market. Which stocks are the true bargains, likely to outperform when the market rebounds? Chris Brightman explains that the outlook for a company's prospects can be very different from the outlook for its stock's performance. |
Joakim Book, American Institute for Economic Research Albert Einstein is – falsely – held to have said that the eighth wonder of the world is compound interest. In an idyllic past that many of us still remember, deposit accounts at banks earned (above-inflation) interest; we were actually paid for the money we set aside to the bank. Compound interest captures this amazing feature of money already earned to earn you even more in the future. Over long time periods it produces truly amazing results. |
Frank Rich, New York Magazine President Trump doesn't have a plan to combat the coronavirus pandemic, so he keeps creating phony ones, Frank Rich writes. |
Quin Hillyer, Washington Examiner The media should stop clamoring for a nationally ordered lockdown, or "quarantine," to respond to the current pandemic. The president almost certainly lacks constitutional authority to order one, and it may not even be the wisest approach. |
Ann Carrns, New York Times If you're owed a refund, it may be better to file quickly. You can also file your return now but wait until July 15 to pay any taxes owed. |
James Pethokoukis, American Enterprise Institute |
Justin Haskins, The Hill Pelosi and her liberal allies in Congress never let a good crisis go to waste, and, apparently, this massive crisis is no different. |
Johnny Oleksinski, New York Post As the days, weeks and, potentially, months of coronavirus self-quarantine tick down, we'll begin to see all the old office tropes with new eyes. |
David Marcus, The Federalist I imagine there are some people who love New York City more than I do, but I do love it. I love it with fervor of the convert. A Philadelphian by birth, for 20 years I have now walked the storied steel canyons of the world’s current capital. There’s a reason the United Nations meets here, why artists and would-be stock barons alike come here. Now we are in the grip of the coronavirus, locked down. But our peril must not mean that the nation we represent must be destroyed. |
Jay Shambaugh, Brookings Institution The Hamilton Project seeks to advance America's promise of opportunity, prosperity, and growth. |
John Matze, RCM With the novel coronavirus pandemic sweeping our nation, governments, corporations, and private citizens are going to great lengths to try to contain its spread. Gatherings are being canceled or... |
Ben Casselman & Patricia Cohen, New York Times After the initial impact of shutdowns on a few industries, the coronavirus pandemic is leaving a much broader swath of unemployment. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Macromon, Global Macro Monitor Big move today in stocks with the S&P500 closing up 7.03 percent. We are so glad we are out of the market. We believe stocks are now in phase two of a vicious bear market, where after the initial sharp sell-off, the major indices retrace close to 50 percent of their initial down move. See? |
Harold James, Project Syndicate The broad consensus of the COVID-19 era holds that measures to protect public health imply hard trade-offs with economic growth and political liberty. In fact, there are plenty of ways to adapt political and economic imperatives to policies needed to combat the pandemic. |
Jeffrey P. Snider, Alhambra Investments When it's all over with, I think we're going to find out we've all been unnecessarily harmed by two stochastic models. And in the greatest tragic irony of them all, it was entirely predictable. |
Izabella Kaminska, FT Alphaville The countries represent the two extremes of the COVID-19 response. |
Christine Benz, Morningstar There's no telling if stocks have bottomed, but selling losing positions can help you find a silver lining in a down market. |
Mish, Mish Talk Leisure and hospitality jobs once again provide an accurate recession signal. |
Peter Boettke, Coordination Problem A mantra we have used on this site since changing our name a decade ago is that we study economics as a coordination problem, and we see entrepreneurship as the solution to that problem. |
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