09/09/2020 Today
Pat Forde, Sports Illustrated The city of Champaign would have been rocking last week for Illinois hosting Ohio State. Instead, it's a ghost town. |
Adam Brandon & John Tamny, RealClearMarkets It’s hard to imagine now, but Walt Disney’s idea for the theme park that became Disneyland was widely ridiculed. By his brother, by investors, even by his wife. Build an amusement park in the farmland of Anaheim, CA? You must be joking! |
Paul Katzeff, Investor's Business Daily What are the best Trump stocks, or Biden stocks for that matter? What are the best investments for the diversified portion of your portfolio — devoted to mutual funds and ETFs — no matter who wins the White House in November? |
Rafael Resendes, Applied Finance It's becoming increasingly difficult to avoid the conclusion that today's stock market resembles that of the late 1990's. I'll have a better feel if that is indeed the case when I visit my dentist next [...more] |
Joseph Calhoun, Alhambra Investments Many of the weak dollar trends I noted in June's update have moderated â?" even as the dollar has weakened further. US stocks surged over the last month, with growth indices leaving their value? |
Andrew Wilford, RCM The Congressional Budget Office (CBO), the federal, nonpartisan budgetary scorekeeper, recently released its updated budget outlook, and it paints a dreary picture of the country’s fiscal state in the aftermath of the pandemic. While this doesn’t necessarily mean the unprecedented levels of spending in response to the coronavirus crisis were wrong, it does recommend caution when deciding whether to enact more emergency measures. In order to combat a rampant pandemic and the economic shutdowns it brought about, Congress embarked upon a spending spree that may not yet be... |
Barbara Perry, The Hill The Democrats' progressive wing urges higher taxes to effectuate income equality and fund ideas such as tuition-free college and police reforms. |
Brad Polumbo, WE It's normal for politicians to honor Labor Day with statements lauding the history of the labor movement or signaling their support for unions. Yet it's rare to see them do what Joe Biden just did on Monday: brag about support for legislation that would kill millions of jobs. |
Richard Ebeling, American Institute for Economic Research The Congressional Budget Office has recently issued a federal “Budget Outlook Update” for the next ten years in the context of the government’s fiscal condition in the face of the coronavirus and Washington’s spending spree. The message: the deficit for fiscal year 2020 is huge, and the national debt is getting bigger, faster than had been projected before America’s lockdowns that brought much of the economy to a halt. |
Steve Brown, USA Today I work in a large mail processing building in Denver. It has 120 truck bays and is a labyrinth of various machines that sort the mail. The facility is always at work, 24 hours a day, every day of the year, processing millions of pieces of mail a day. In addition to paper mail, containers of honeybees, baby chicks, tadpoles, and ladybugs pass through our building on their way to farmers, gardeners, and students. My sister ran a honey business in rural Colorado. The postal truck driver told her that he always let the bees sit up in the cab of the truck with him. |
Christy Bieber, Motley Fool 401(k) accounts are a popular retirement plan because they provide generous tax breaks, they're easy to invest in, and many employers offer them. If you've got some money in your 401(k), you may be wondering how your account balance stacks up to the average – especially if it was affected by the coronavirus market volatility. Fortunately, recent data from Fidelity provides the info you need to see if you've got more or less money invested for your future than your fellow Americans. |
Julie Creswell & Peter Eavis, NYT As they grow accustomed to working from home, many businesses are delaying signing new leases until rents drop and the pandemic passes. |
Jerry Bowyer, Vident Financial |
Collin Martin, Charles Schwab We believe fixed income investments still have a place in a well-diversified portfolio. |
Martin Pring, Pring Turner Asset Management |
Richard Moody, Regions Bank |
Cooper Howard, Charles Schwab Natural disasters such as hurricanes, floods, wildfires and drought can have a major financial impact on the areas in which they occur. |
Jeffrey Kleintop, Charles Schwab The recent imbalances in the stock market can lead to vulnerability; rebalancing portfolios may be valuable to help balance exposure to U.S. capitalization-weighted benchmarks relative to international stocks. |
Jerry Bowyer, Vident Financial |
Richard Reeves & Christopher Pulliam, New York Times Why are party leaders fighting to get rid of one surprisingly progressive element of the 2017 tax bill? |
Charles Gasparino, New York Post Privately, bank executives are much more tentative about when they expect to operate at full force. |
Ann Carrns, New York Times Funds in 529 plans grow tax free and can be withdrawn tax free if they're spent on eligible education expenses. But there is some fine print. |
Tom Daschle, The Hill Forty states have already led the way, and the time is now. |
Maureen Mackey, Examiner House Speaker Nancy Pelosi, a California Democrat, just showed the entire nation a way through the coronavirus pandemic. But she either won't acknowledge it or is too deep into her own virulent anti-Trump agenda to be aware of it. |
Donald Luskin, New York Post Counterintuitive though it may be, statistical analysis shows that locking down the economy didn't contain the disease's spread, and reopening it didn't unleash a second wave of infections. |
Dryden Pence, U.S. News & World Report SINCE THE HEIGHT OF THE pandemic-induced sell-off in mid-March, many U.S. stocks have rebounded and some are even up year to date. But there are questions about whether this rally can be sustained. Several factors loom on the horizon that could complicate the picture going forward. While the rate of confirmed cases of the new coronavirus nationwide is starting to decline, health experts, including CDC Director Robert Redfield, fear that hospitals could become overwhelmed when flu season arrives later this year. |
Kristin Stoller, Forbes Meet 10 U.S. billionaires who fell short of the $2.1 billion threshold needed to make this year?s Forbes 400 list of richest Americans. |
Kenneth Rogoff, Project Syndicate Policymakers' most important task is to try to reduce the massive lingering uncertainty regarding COVID-19 while continuing to provide emergency relief to the hardest-hit individuals and economic sectors. But the insecurity fueled by the pandemic is likely to weigh on the global economy long after the worst is in the past. |
Graeme Wood, The Atlantic If the real, lasting change you wish to effect is burning society to cinders, then perhaps looting is the right tool. |
Daniel Tenreiro, NR Riots have long-lasting consequences. |
Susan Dziubinski, Morningstar Tech stocks took it on the chin on Thursday. Here's our take on whether tech's leaders are worth nibbling on. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Scott Sumner, The Money Illusion This is not a recession that will respond to stimulus. |
Byron Schlomach, 1889 Blog With characterizations of protests and riots that have occurred over the last several months as "mostly peaceful" and headlines that includ... |
Mark Rzepczynski, Disciplined Global Macro You may not like simple but it has worked and will probably keep working. |
Greg Rosalsky, NPR One America is living in a housing boom. The other needs support from the government or family for an affordable place to live. |
Benedict Evans, Benedict Evans The bigger Amazon gets, the more it's worth reading the accounts. Does AWS subsidise the whole thing? Is the revenue $250bn - or $450bn? And is that ad business just a footnote, or is it bringing in more cash than AWS? |
Alan Reynolds, AIER P/Es only make sense in relation to interest rates. |
Matt Taibbi, Substack On "In Defense of Looting" | |
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