06/08/2020
Today Roy Rodman, USA Today My father founded our family pharmacy the year I was born, 1955. Originally, we were located near the White House until we moved to Upper Northwest Washington, D.C., right near the border of Maryland and the capital. We also expanded into groceries. We've been doing business in this neighborhood for 55 years. Our customers are an international group and we have enjoyed knowing and seeing all our familiar customers, for so many years. We were here even when Washington, D.C., suffered from the 1968 riots following the assassination of Martin Luther King Jr. But it... |
Irin Carmon, New York Curfew orders are getting legal authority from the pandemic, but using police to enforce them will spread the virus further, exposing detained protestors to increased risk and endangering the entire community. |
Brad Polumbo, FEE The peaceful protests over the police killing of George Floyd are entirely justified. But the rioting, looting, and arson that have broken out in cities from Minneapolis to Dallas are most certainly not. In fact, in many instances, this criminal vandalism is sabotaging the same minority communities that peaceful protesters seek to aid. |
Sean Sweeney, New York Post Looting will never foster social justice or redress past grievances. Looting serves to selfishly benefit the looter and promote reactionary politics. |
Market Minder, Fisher Investments A widely unexpected boom in hiring doesn't mean much for stocks itself, but it does illustrate the gap between sentiment and reality. |
Editorial, NYS The sudden plunge in the unemployment rate just reported for May is a reminder of — for all the setbacks of the past few months — the extraordinary power of the Trump economy and the American free enterprise system. The economy added 2.5 million jobs last month, bringing the jobless rate down to 13.3% from the 14.7% recorded in April. Given that expectations were running closer to 20%, or more, it’s just a remarkable report. |
Gad Levanon, CNN For the month of May, many economic forecasters anticipated the recent surge in layoffs to continue outpacing new hires. But, surprisingly, the latest US jobs report showed just the opposite. |
Andy Puzder, Fox President Trump was right all along when he said America's strong and growing economy would bounce back from the coronavirus pandemic faster than almost anybody expected. |
Neil Irwin, New York Times A rip in the fabric of the economy won't be healed easily, and denial of the severity of the crisis won't solve it. |
John Tamny, RCM It all begins with production. The discussion of the human action that is "economics" would be so much more advanced, and so much more advancing of the human condition, if this basic... |
Benjamin Powell, The Hill If the Chinese Communist Party makes it impossible for them to breathe free in Hong Kong, the United States should invite them to breathe free here. |
Jeffrey Tucker, American Institute for Economic Research From early in the lockdown days, it became clear that this crisis would not make us “come together” and be “better people.” It would not be like 9-11. Instead, it would shatter our lives and make us worse people. We would turn on each other, engage in dramatic deeds that would hurt and harm people we like and love, and push our political agendas ahead of basic humane values. Dogs eating dogs, suitable for a people muscled and bludgeoned as if we are animals. Massive state intervention unleashes all kinds of hell, and this is one kind. |
Richard Moody, Regions Bank |
Allison Schrager, Manhattan Inst. But in these unprecedented times, there is reason to remain concerned. |
Liz Ann Sonders, Charles Schwab The dominant question we've been getting from investors is about the perceived disconnect between what's happening on Main Street and what's happening on Wall Street. |
Abigail Devereaux, AIER The novel coronavirus has done severe economic damage all over the globe. The Congressional Budget Office (CBO) stated on June 1, 2020 that it could take nearly a decade for the economy to grow back to levels forecasted this January. As economists, we want to understand just how much damage has been done to what people and sectors and how that damage was perpetrated. There’s usually more than one perp in a Depression. |
Ryan Detrick, LPL Financial Research Market Blog In many ways, what we've seen so far in 2020 has been both record-breaking and devastating. From the S&P 500 Index peak on February 19 to the bear market lows March 23, stocks lost ? |
Allison Schrager, Manhattan Institute The feds never normalized their balance sheet after the last financial crisis, and now after coronavirus, the fed's balance sheet is more than $7 trillion. |
Ben Inker, GMO At the March lows, most risk assets appeared to be fair value or cheap, even assuming a moderate hit to fair value from a severe recession. In our multi-asset portfolios, we added to our holdings of equities and credit over the few weeks around the lows. |
Mark Hulbert, MarketWatch Nasdaq market timers? short-term trading portfolios are almost 50% in cash on average |
Jesse Pound, CNBC A better-than-expected jobs report is the latest data point that shows a possible quick recovery for the U.S. economy. |
John Rekenthaler, Morningstar Too often, structured products and exchange-traded notes mislead their buyers. |
Morgan Housel, Collaborative Fund Some things are always changing and can’t be known. There can also be a handful of things you have unshakable faith in – your permanent assumptions. |
Jack Forehand, Validea Most of the time, the market goes up and down for the reasons that it should. Most of the time, the stocks that should perform well eventually do. But like any rule, there are always exceptions. |
Ben Carlson, A Wealth Of Common Sense Why two 30%+ moves in the stock market this year are not that out of the ordinary. |
Philip Blenkinsop, Reuters As bars across Europe gradually reopen, up to a million free or pre-paid beers are waiting to lure back wary consumers. |
Julie Segal, Institutional Investor After fees, investors in private equity funds earn exactly what they would have in public stocks, according to new research. But the high fees have not only created a new billionaire class, they're squeezing private equity-backed companies for unrealistic growth. |
Mark Hulbert, MarketWatch Many retirees see it as an alternative to stocks. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Klaus Schwab, World Economic Forum The changes we have already seen in response to COVID-19 prove that a reset of our economic and social foundations is possible. Professor Klaus Schwab outlines how to achieve it. |
Lindsay Campbell, Modern Farmer Demand for the old delivery system has skyrocketed amid COVID-19. |
Macromon, Global Macro Monitor This whole FOMO thingy is kind of perplexing to us. |
Ben Carlson, A Wealth Of Common Sense "Here's the pitch. Just a bit outside." |
Dave Sekera, Morningstar Restaurants and bars account for most of the surprising increase in jobs; our thesis holds that the long-term trend in GDP will not be significantly altered by the coronavirus. |
Sandwichman, EconoSpeak Trump's cynical invoking of George Floyd yesterday has a history that explains what he imagined he was doing. |
Branko Milanovic, Pro Market The Covid-19 crisis is unprecedented in its global scope and open-ended, uncontrollable progress. By their very nature, the models that economists often use to make predictions cannot take into account the unpredictable social and political shocks we might face. |
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