11/02/2020
Today Ruchir Sharma, The New York Times Government efforts to stimulate growth are lifting markets of all kinds everywhere. |
Charles Gasparino, New York Post The geniuses who run the big banks and financial firms and too often dominate economic commentary have never been that smart, and probably shouldn't be trusted to either predict the election or how good (or bad) things will get whoever is elected. |
John Allison & Lisa Blau & Garrett Johnson, RealClearMarkets In 2020, the economy suffered an unexpected shock. The pandemic has killed 225,000 Americans, forced millions into unemployment, and closed many businesses. Now, the nation faces a new threat to the economy, one that is preventable. Holding a stable national election and maintaining global confidence in American democracy will support the economic recovery. But a bitterly contested election will have immediate and long-term consequences for the economy. |
Matt Egan & Annalyn Kurtz & Tal Yellin & Will Houp, CNN President Donald Trump often cites the stock market as a scorecard of his policies. Here's how the S&P 500 performed under each president from Reagan to Trump. |
Mark Hulbert, MarketWatch The stock market is hugely overvalued when judged against almost any historical standard. That's the conclusion that jumps out from the accompanying table,... |
John Tamny, Forbes Hard as it may be for some to grasp, raging stupidity can be a contrarian indicator. |
Kevin Hassett, National Review Biden intends to reverse the policies that led to higher investment, productivity, and wage growth at precisely the wrong time. |
Michael Hiltzik, Los Angeles Times The GDP growth number looks big but isn't, despite Trump's boasting. |
Market Minder, Fisher Investments Though little noticed, Q3's report offers a small hint that the nascent economic recovery doesn't depend on government assistance as much as folks seem to believe. |
Andrew Wilford, RCM States facing down budget deficits are likely to be tempted to employ tax hikes as a way to make the budget math work. But this siren song could threaten the recovery from the economic circumstances causing the budget issues in the first place. It’s true that state revenues are down substantially due to the pandemic and its associated lockdowns. According to the National Association of State Budget Officials (NASBO), total state revenues are down byabout 3 percent year-over-year, with gaming and corporate income revenues taking the largest dips. |
Jeffrey Tucker, American Institute for Economic Research If you test positive or refuse to be tested at all in New Zealand, prepare to be shipped out to a quarantine camp recently established by the government. Shocking, yes, but we have an analogous system in the US. If you test positive (which is not the same as actually being sick), you will be removed from school or forbidden from coming into the office. You could lose your job – or refused the opportunity to earn money. In many places in the country and the world where you travel today, you are subject to quarantine unless you can present a clean Covid test, regardless of profound... |
Editorial, New York Sun One of the things to watch for if Vice President Biden wins the election is whether his administration is going to base its economic policies on something called the Modern Monetary Theory. This is the idea — articulated most clearly by economist Stephanie Kelton — that our government doesn’t have to balance its budget like a household because, unlike a household, it can use a computer to create money to lend to itself. |
Hayden Adams, Charles Schwab Common tax items that can trigger the AMT. |
Ryan Detrick, LPL Financial Research Economic Blog With Election Day a mere five days away, we at LPL Research thought we would add one last election forecaster to the mix of what we've presented over the last several monthsâ?"as much b? |
Henry Miller, American Council on Science and Health There are about 2,000 drugs and vaccines (mostly the former) now in clinical trials. ACSH advisor Dr. Henry Miller argues that to get COVID-19 under control we will need therapeutics no matter how effective vaccines are. Here's why. |
Kyle Pomerleau, AEI In our recently updated analysis of Joe Biden’s tax proposals, we found that the Biden plan would raise federal revenue by $2.8 trillion over the next decade. Almost a quarter of that new revenue would come from individual income and payroll tax increases that fall primarily on high-income households. |
Michael Iachini, Charles Schwab Different ETF structures have different tax implications. Be informed and avoid unpleasant surprises come tax time. |
Robert Murphy, Foundation for Economic Education Capitalism rushes people out of desperation. |
Carrie Schwab-Pomerantz, Charles Schwab Having a digital or physical financial "go bag" as part of your emergency plan is more important than ever these days, says Carrie Schwab-Pomerantz. |
Kevin Hassett, National Review Biden intends to reverse the policies that led to higher investment, productivity, and wage growth at precisely the wrong time. |
James B. Stewart, NYT The real estate industry has long enjoyed uniquely favorable tax treatment thanks in part to Mr. Trump's actions before and after he became president. |
John Rekenthaler, Morningstar However, it has not (yet) become a mania. |
Mark Hulbert, MarketWatch The stock market is hugely overvalued when judged against almost any historical standard. That's the conclusion that jumps out from the accompanying table,... |
Jenin Younes, AIER Extraordinary claims require extraordinary evidence. |
Bryce Covert, Vox Hundreds of thousands of women have been pushed out of work during the pandemic. It's a catastrophe that could set them â?" and America â?" back years. |
Nick Buffie, Quillette I first heard the phrase "Universal Basic Income" when I was sitting in a Wesleyan sociology class. The liberal version of UBI is unworkable, and the conservative version would throw millions into poverty. Regardless of how one tinkers or modifies the details, UBI is an Unequivocally Bad Idea. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
David Hay, Evergreen Gavekal For all of us Baby Boomers, Campbell Soup's iconic tag-line of "MMM Good" was burned into our collective memories at a young age. As we now transition into senior citizenship, we are discovering that it may well be a case of MMM Bad, totally unrelated, however, to what formerly was America's favorite soup company. |
Scott Sumner, The Money Illusion This is a very strange recession. |
James Picerno, Capital Spectator Predicting the end of the secular decline in interest rates has been a hardy perennial — and perennially wrong. Given this history, any observer of bond yields must be wary of declaring that a 40-year trend has reached its end. |
Preston Caldwell, Morningstar In the event of a Biden win, aftertax earnings could take a hit from higher corporate taxes. |
Brian Doherty, Reason.com The members of Steve Bannon's international circle share an outlandish spiritual-historic vision, but their threat to liberty is more mundane. |
Ben Carlson, A Wealth Of Common Sense When it comes to the markets or economy, presidents get far too much blame when things go poorly and far too much credit when things go well. |
Robert VerBruggen, National Review The most dire numbers in a new Federal Reserve report pertain to restaurants. |
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