09/15/2020
Today A.J. Rice, RCM Escape From New York isn’t just a classic Kurt Russell movie. It's a reality theme park you can visit - if you're willing to channel your inner Snake Plissken. Hundreds of thousands of people prefer to beat feet. At least that many have already fled the Big Apple, perhaps because violent crime has gone up several hundred percent. Because New York has become the prison portrayed in the movie - only this time, for the law abiding. The criminals have the keys to the city now and Mayor Bill de Blasio is their "Duke" - and "A-Number-One.” |
Market Minder, Fisher Headlines make hyperbolic claims about both parties' potential market impact, but the reality is likely to be far more benign. |
Diane Mtetwa, Motley Fool You need to work to sustain your lifestyle – but you also hope your hard work provides you with a comfortable retirement. Reaching retirement age only to learn this dream won't come true can devastate anyone. Make sure that doesn't happen to you. You can retire successfully, but you'll need some careful planning. These 6 steps will help you get started. |
Peter Goodman & Abdi Latif Dahir & Karan Deep Singh, NYT Worldwide, the population facing life-threatening levels of food insecurity is expected to double, to more than a quarter of a billion people. |
Carl Schramm & Henrik Fogh Rasmussen, AC The COVID-19 crisis has proven beyond all doubt that America and its democratic allies lack essential resiliency against pandemics. |
William Watts, MarketWatch Drawdown ?likely the first of a few,? says Canaccord?s Dwyer |
Arnold Kling, Law & Liberty Two recent headlines in the Wall Street Journal speak to America’s changing economic landscape: “Top Fed Official Says New Framework Provides More Humble Approach to Setting Rates” (August 31), and “U.S. Debt Is Set to Exceed Size of the Economy Next Year, a First Since World War II” (September 2). In my view, the second of these stories provides more insight than the first into what the Federal Reserve will be doing in the months and years ahead. For all of the focus that journalists place on monetary policy, the Fed is ultimately a central bank. And,... |
Earle Mack, The Hill Lawmakers have to address this economic situation before it worsens. |
Jerry Bowyer, RealClearMarkets This is an excerpt from my new book, The Makers Versus the Takers: What Jesus Really Said About Social Justice and Economics. Jesus’s confrontation with the moneychangers has been used as political ammunition in an ideological war against the financial industry. For example, Franklin D. Roosevelt’s inaugural address extensively referenced this text: Practices of the unscrupulous money changers stand indicted in the court of public opinion, rejected by the hearts and minds of men. True they have tried, but their efforts have been cast in the pattern of an outworn tradition.... |
Bruce Yandle, The Examiner As the count of coronavirus cases across the United States rises, falls, and rises again, depending on the occurrence of crowd-generating events, the responding economy follows a similar pattern. Whether it be an annual gathering of Harley-Davidson enthusiasts, students celebrating the return to campus after a somewhat-confined set of summer activities, or cheering fans, though limited in number, at a fall football game, we can expect the count of new coronavirus cases to fluctuate. |
Eric Levitz, New York Magazine If America's level of income inequality had remained constant since 1970, the median U.S. worker would now make $100,000 a year, according to a new study from the RAND Corporation. |
John Tamny, RealClearMarkets “We don’t realistically anticipate that we would be moving to either tier 2 or reopening K-12 schools at least until after the election, in early November.” Those are the words of a west coast health director. No in-person schooling until after the election? Hmmm. Please think about what was said. It reads as kind of a ransom note. Vote for science-reverent candidate Joe Biden, or else…. |
Ryan Detrick & Jeffrey Buchbinder, LPL Financial |
Russell Redenbaugh & James Juliano, Kairos Capital Management |
Richard Moody, Regions Bank |
Brad McMillan, Commonwealth Financial Network |
Carrie Schwab-Pomerantz, Charles Schwab |
Ryan Detrick, LPL Financial Research Economic Blog While the direction of the 10-year Treasury yield over the last cycle was decidedly lower, as shown in LPL's Chart of the Day, there were still six extended periods where it rose at l? |
Jerry Bowyer, Vident Financial |
Joakim Book, American Institute for Economic Research If we have ventured outside our homes in these corona times, we might have seen that cafés and restaurants that remain open keep some seats and tables empty. Some have put up signs asking patrons not to use every table, while others ask its guests to keep an adjacent seat unoccupied or have altogether removed tables to create additional space. Even restrooms at airports or other public areas do this, closing every other stall or urinal. Some stores keep a strict limit on the number of people browsing for goods at any given time. |
Rob Henderson, New York Post Privileged protesters are keenly aware of how many "likes" they'll get if they post a photo with the right hashtags next to a burning building. |
Emily Brandon, U.S. News & World Report FEES AND PENALTIES FOR your 401(k) can often be avoided if you understand how your 401(k) plan works. You can also take advantage of employer contributions and tax breaks once you figure out how to qualify. |
Ron Lieber, NYT Gunslinging young investors are making stock ownership seem like a terrible idea for novices. But owning equities, with limits and guardrails, can teach kids plenty. |
Alexis Benveniste, CNN The paper towel shortage in the United States didn't stop in the spring. |
Peter Morici, MarketWatch Bold proposals would spend lots of money, but come up short on solutions to vexing problems |
Nicole Gelinas, NYP A strange thing happened last week: In response to a community concern (amplified by Post reporting), Mayor de Blasio .?.?. acted. |
Jerry Haar, The Hill Baby Boomer-owned firms can benefit immeasurably from the indispensable role played by local economic development agencies. |
Susan Dziubinski, Morningstar These undervalued wide-moat stocks earn low uncertainty ratings. |
Mark Hulbert, MarketWatch Short-term market timers are bearish and that's bullish for the rest of us |
Jon Hartley, National Review Joe Biden and CEOs emphasize helping non-shareholder stakeholders, but they ignore how Friedman's shareholder primacy theory does exactly that. |
Leo E. Strine Jr. & Joey Zwillinger, NYT Since the economist wrote his influential essay on capitalism, the "haves" have gained much and everyone else has missed out. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Anonymous, Institutional Investor An anonymous analyst, a medical fraud, and the $2.5 million thank-you gift. |
Brian Doherty, Reason.com The New York Times touches on an old intra-libertarian debate over corporate responsibility. |
Chris Dillow, Stumbling and Mumbling Thatcher was right. |
Macromon, Global Macro Monitor 3rd Quarter GDP will be a record one quarter but that will only recovery about 60% of what we lost. |
Ironman, Political Calculations A good portion of the summer rally was driven by Softbank's investing strategy. |
Scott Sumner, The Money Illusion In retrospect, it would have been far better if Americans had panicked in January and February in response to the Covid-19 threat. |
Joachim Klement, Enterprising Investor We’re in the midst of another US presidential election. And as we do every four years, we’ll hear talk about the presidential cycle and why Republicans, because of their more business-friendly policies, are better for the economy and stock markets than Democrats. But as with so much common knowledge, the evidence for this is much more ambivalent than the conventional wisdom would suggest. |
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