08/07/2020 Today
Ken Fisher, RCM “Would you have a great empire? Rule over yourself.” So said Roman writer Publilius Syrus two millennia ago. Despite its age, that is wise investment advice now. Many see global stocks’ nearing breakeven for 2020 as cause to sell. They fear another plunge from COVID resurgences, escalating US-China tensions, bumbling politicians or other obvious “risks.” But headline fear fixation obscures the biggest risk you always face: yourself. The 2020 meltdown froze many investors in place. The upside? Paralysis meant inaction, allowing them to capture some of the rebound.... |
Mark Decambre, MarketWatch The last time a golden cross formed in the Dow was March of 2019 |
Jeffrey Snider, RealClearMarkets The year 1930 was certainly one of the most unique in history, the majority of it anyway. Sandwiched between the massive stock market shake-up begun the prior October, in 1929, and the first wave of bank panics which would shock the system in October 1930, for nearly a year an eerie sort of calm flourished in the general sense. Yes, things were bad. The economy had been sent into a tailspin, an unusually harsh one. But America in its epic economic transformation from rural agrarian society consisting of mainly small towns and family farms into the global industrial powerhouse had experienced... |
Heather Long, The Washington Post It would be the first major change to the Fed?s mandate since 1977 and would significantly alter the central bank?s focus. |
Ryan Cooper, The Week Official site of The Week Magazine, offering commentary and analysis of the day's breaking news and current events as well as arts, entertainment, people and gossip, and political cartoons. |
Abbas Davari, RCM In between headlines about the impact of US sanctions on the Iranian economy and the "grand" Sino-Iranian deal billed by Tehran as an economic elixir, important questions linger: Why has the Iranian economy struggled to prosper over the past 40 years despite massive oil revenues? Who is to blame for the current devastation? And, will the current medieval theocracy finally craft an economic panacea? Long before international sanctions, the Iranian economy fell victim to a clique of unelected mullahs itching to seize Iran's immeasurable riches. They began to run affairs much like the mafia... |
Allison Schrager, New York Post In June, America was united, briefly, on the need to reopen schools. Other countries had managed to do so successfully, and evidence suggested children are at... |
Kailey Hagen, Motley Fool |
Elizabeth Garlow & Andrew Stettner, Slate Florida's Gov. Ron DeSantis admitted that his state's system "was definitely [designed] in a way to lead to the least number of claims being paid out." |
Stephen Moore, The Hill Stimulus deals from federal officials make no sense in economics. |
Paul Krugman, NYT The suspension of federal benefits would create damage almost as terrifying as the economic effects of the coronavirus. |
Matt Weidinger, USA Today Congressional negotiators debating whether to extend federal unemployment benefits should support the Senate Republicans’ plan because it helps more Americans return to work while providing the unemployed with significant support. |
Michael Townsend, Charles Schwab Despite the slow pace of negotiations, we continue to think a deal will be struck this month. |
Brian Wesbury & Robert Stein, First Trust Advisors |
Jerry Bowyer, Vident Financial |
Richard Moody, Regions Bank |
T.J. Troutner, Equius Partners |
Brad McMillan, Commonwealth Financial Network |
Iain Murray, NRO The Left abhors traditional corporations but does everything in its power to keep them alive. |
Shang-Jin Wei, Project Syndicate US President Donald Trump's apparent attempt to force the sale of Chinese social-media app TikTok to an American buyer introduces substantial risks â?" not least to US firms. By acting as if there were no rules to international business, Trump is all but ensuring that there won't be. |
Li Zhou & Ella Nilsen, Vox Republicans have let expanded unemployment expire amid a dire economic situation. Here's why. |
Jesse Walker, Reason.com A century before its threats against TikTok, Washington pried a different media company out of foreign hands. |
Howard Marks, Oaktree Capital Management Some thoughts on our current situation. |
Geoffrey James, Inc. If billionaires were as smart as they seem to think they are, they'd be keeping a lower profile. |
Paul Brandus, MarketWatch The president has diminished America's power and standing in the world |
Gilad Edelman, Wired A Dutch public broadcaster got rid of targeted digital ads—and its revenues went way up. |
Brad Polumbo, FEE There are few issues left in Washington, DC on which both parties can agree. Yet increasingly the push to regulate “Big Tech” is an area of agreement for Republicans and Democrats. This consensus was on full display at last week’s contentious congressional hearing featuring top tech CEOs such as Google’s Sundar Pichai, Amazon’s Jeff Bezos, Apple’s Tim Cook, and Facebook’s Mark Zuckerberg. |
Samuel Gregg, Law & Liberty A rich intellectual life outside of economics made him interesting. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Jamie Powell, FT Alphaville We’re not sure we’ve ever seen this before: a company where its entire revenue base seems to come from services performed exclusively for a related party. |
Stephen Eide, City Journal Ever-escalating levels of racial sensitivity will likely result in a more privacy-oriented populationâ?"with fewer "eyes on the street" for trouble. |
Shoshana Wodinsky, Gizmodo Would a buyout even solve any of the alleged privacy concerns surrounding TikTok, or would it just spew out a litany of new ones? |
Macromon, Global Macro Monitor PMIs measure the month to month change. |
Ben Sperry, Truth On The Market Big tech makes society better off. |
Scott Sumner, The Money Illusion Before becoming president, Trump said things that were so bizarre and so offensive that most people assumed he could not possibly be serious. They’d say things like, “Trump should be taken seriously, but not literally.” Turns out we should have taken him literally. |
Matthew Yglesias, Vox You can't eat with a mask on. | |
|
|
|