07/15/2020
Today

The Misinformation That Media Build Into Virus Death Counts

Alan Reynolds, RCM

"Virus Deaths Climb as Cases Hit New High" was the original title of a recent front-page Wall Street Journal feature, later changed online to "Deaths Begin Trending Higher." Either title portends important news, but the only evidence is gibberish: "The average daily death toll in the U.S. rose to 599 in the seven days through July 8, up from 510 deaths a day as of July 4, according to a Wall Street Journal analysis of data from Johns Hopkins University." July 4 is obviously one of the "seven days through July 8" so the alleged "rise" makes no...

Fauci's Been Wrong On All I've Encountered Him About

Peter Navarro, USA Today

So when you ask me whether I listen to Dr. Fauci’s advice, my answer is: only with skepticism and caution.

Trump: Fake PPP

Jonathan O'Connell, Emma Brown, Steven Rich, Aaron Gregg, Washington Post

The Small Business Administration's claim that the Paycheck Protection Program saved 51 million jobs is belied by allegedly false and sometimes inflated figures, a Post investigation has found.

Why S&P Doesn't Underperform Despite the Covid-10

William Watts, MarketWatch

But that also means large-cap U.S. stocks might not be biggest winners when virus is under control

Will Joe Biden Raise Taxes & Crush the U.S. Economy?

Steve Forbes, What's Ahead

Doubling the Pell Grant Is Crucial for Future Economic Growth

Kim Cook, The Hill

To combat the long-term economic impact of the current coronavirus pandemic in combination with the rising cost of college, Congress must set the Pell Grant to automatically adjust for inflation each year.

The Fed's Liquidity Confusion

Thomas Hogan, American Institute for Economic Research

The most essential function of the Federal Reserve is to provide money, or liquidity, to the financial system. The Fed is responsible for ensuring that the supply of money is equal to the total amount demanded. It is not responsible, however, for ensuring that each company and municipal government has sufficient cash to meet its obligations.

Tax Day 2.0 Marks the End of NY Economic Expansion

E.J. McMahon, New York Post

Either way, fiscal and budgetary trends in Washington will tend to further squeeze the top of New York's income tax base.

Congress, Do Your Job: Help Americans Without One

Editorial, The New York Times

Federal aid is about to lapse even as the coronavirus crisis rolls on.

Why Manhattan Office Space Will Always Be Valuable

Eric Kober, Business Insider

Commuting may be staggered and desks farther apart, but Manhattan will remain, says former city director of housing and economic planning Eric Kober.

Seattle's New Tax: No Worker Victory

Brad Polumbo, Foundation for Economic Education

The city of Seattle is already struggling. With a new tax on jobs, its city council seems determined to make things even worse.

Krugman Is Only Expert at Selective Fault-Finding

Dmitri Solzhenitsyn, National Review

It has been many years since Krugman was a man of nuance, but many of his recent takes have been especially simplistic.

Will Fed Stress Tests Lead to Suspended Dividends?

Collin Martin, Charles Schwab

We can't rule it out completely, but we believe the risk is low.

This Week's Data Predates the Recent Case Surge

Richard Moody, Regions Bank

Making Sense Of The Market (And Where We Can't)

Jeffrey Kleintop, Charles Schwab

In order to help try to make sense of it all, let's take a look at where the stock market makes sense right now and where it doesn't.

Mines, Mineral and Green Energy: A Reality Check

Mark Mills, Manhattan Institute

Policymakers have made a "green" energy shift a priority in economic recovery, but these visions ignore the dirty process of switching to "green" energy.

Heading Over An Income Cliff

Richard Moody, Regions Bank

What to Watch as the 2020 Election Approaches

Michael Townsend, Charles Schwab

Here's what we're keeping an eye on in the weeks ahead.

'Money Supply' Has Balooned. What's Next?

Mickey Levy, Manhattan Institute

Congress Must Say No to $600

Brian Blase & Casey Mulligan & Doug Badger, New York Post

This month, Congress is expecting to pass additional coronavirus-relief legislation. It's vital that it get the incentives right to encourage work.

Life in Hong Kong Has Always Been Impossible

Karen Cheung, The New York Times

"Take care tonight/ Things might not look like this tomorrow."

Extend the Market, Far As Possible

Art Carden, American Institute for Economic Research

At first glance, the package on the step looked like it contained two or three rolls of paper towels. It’s too small to be paper towels, I thought. I picked it up. It’s definitely too heavy to be paper towels. I looked at the return address. And in any event, I doubt we’re buying paper towels in small quantities from Turkey.

Some Lessons CEOs Should Learn From Goya's Big Fumble

Julian Castro, CNN

Growing up in a Mexican-American household, I remember walking into the kitchen to the smell of my grandmother's arroz con pollo with a side of frijoles. There were almost always empty cans of Goya beans on the counter.

Growing Foreign Investment In U.S. Start-Ups Begs Scrutiny

Danny Crichton, CJ

Growing investment in U.S. startups by China and other foreign players needs greater scrutiny.

Don't Levy Price Controls on a Coronavirus Vaccine

Sally Pipes, Washington Examiner

Thanks to the hard work of scientists all over the world, we may have a coronavirus vaccine, or several, by next year. In the midst of their development, and well before their arrival, lawmakers are demagoguing about what those therapies will cost.

As U.S. Reopens, Interest in Private Jet Travel Skyrockets

Alexandra Talty, Forbes

Easy Ways to Multiply the Value of Retirement Savings

Paul Merriman, MarketWatch

You do have some control over your financial future

An Argument That Stock Market Resembles 2007 Now

Cody Willard, MarketWatch

The asset bubble, backed by the Federal Reserve, sets up a scenario similar to the market top in 2007

It's 2022. What Does Life Look Like Post-Covid?

David Leonhardt, The New York Times

The pandemic could shape the world, much as World War II and the Great Depression did.

Coronavirus, Refundable Tax Credits, Poverty

Sara Greene & Lawrence Zelenak, The Hill

The coronavirus crisis has blocked many families living below the poverty line from their refundable earned income tax credit and even child tax credit; Congress can reverse this.

Covid-19 Canceled Office Clothing. These Stores Troubled

Parija Kavilanz, CNN

The new work-from-home normal has rapidly recalibrated the fashion code for professional wear. That spells trouble for big retailers who sell clothing normally worn at the office.

Fisher Investments on Election-Year Uncertainty: This, Too, Shall Pass

Fisher Investments Editorial Staff, Fisher Investments

Ken Fisher on Nixing the VIX

Fisher Investments Editorial Staff, Fisher Investments

Will Uncle Sam Force Big Tech to Break Up?

Fisher Investments Editorial Staff, Fisher Investments

Shattering the Debt Ceiling Myth

Fisher Investments Editorial Staff, Fisher Investments

Venture Capital's Red Flags

Danny Crichton, City Journal

Growing investment in U.S. startups by China and other foreign players needs greater scrutiny.

In Celebration of Financial Independence

John Rekenthaler, Morningstar

Echoing the sentiments of two Morningstar colleagues.

The Real Deal

Bill Gross, William H Gross

He's baaack....

5 Undervalued Stocks for the Surging Breakout in Gold

Paul Ausick, 24/7 Wall St.

Gold prices have been on a tear that began more than a year ago. One segment likely to see increased profits are the gold miners. Here a several that deserve another look.

Tesla And The Amazon Fallacy

Jamie Powell, FT Alphaville

Tesla is a lot of things but it isn't the next Amazon.

Gold Market Timers Are Wildly Bullish

Mark Hulbert, MarketWatch

Gold?s new all-time high will have to wait

The Magnificent Six

Ed Yardeni, Dr. Ed's Blog

The S&P 500 stock price index includes 500 companies. On Friday, five of the six so-called FAANGM stocks (all but Netflix) occupied the top spots as the largest S&P 500 companies by market capitalization.
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