04/10/2020
Today Steve Forbes, Forbes Experience has shown time and again that the best road to a fast recovery from a disaster is far less government intervention in the economy. |
Sarah Jones, New York Magazine Work has always been deadly for some. But the nation's largest employers are putting a new generation of workers at serious risk. |
Editorial, New York Post And if they don't get their way, no one gets a dime more. Never mind that businesses face bankruptcy or that 17 million people filed for jobless benefits in recent weeks. |
John Tamny, RCM In late February, and just a few weeks before a political crack-up over the coronavirus that cruelly forced economic contraction on the American people in whiplash-inducing fashion, it was announced... |
Gene Epstein, American Institute for Economic Research In America’s Great Depression, Murray Rothbard buttresses his case for his business cycle theory by carefully noting when the theory does not apply. For example, he writes, “A sharp increase in taxation may depress industry and the urge to invest and thereby precipitate a crisis.” Plunges in business activity may also be caused by “famine, plague, seizure of bullion by Charles I, losses in war.” Examples like these, Rothbard observes,“are always identifiable and create no mysteries about the underlying causes.” |
Walter Scheidel, NYT The coronavirus, like other plagues before it, could shift the balance between rich and poor. |
Zachary Karabell, Politico There are good reasons to think that the world we live in might feel different in 18 months, but the economy will be roughly intact. |
Mark Hulbert, MarketWatch U.S. market history points to a final bottom in August. |
Market Minder, Fisher Inv. With Joe Biden seemingly locking down the Democratic nomination, markets get an earlier-than-expected dose of political clarity. |
Christoph Gisiger, themarket Bill Smead, founder of Smead Capital Management, is betting on a world after the pandemic. The value investor from Seattle anticipates a new boom in the US housing market, spots opportunities in Berkshire Hathaway and American Express, and explains why he?s avoiding allegedly safe names such as Coca-Cola and Procter & Gamble. |
Adam Kolton, The Hill As Trump now pleads with OPEC to curb global oil production, he should be pausing his administration's rush to lease off America's public lands and waters to oil companies. Instead, the rush to lease new lands is picking up speed, threatening the Arctic National Wildlife Refuge. |
David Henderson, Hoover Institution With all the mistakes by government, one thing that's working really well is the free market. |
Brett Ryan, Deutsche Bank Group |
Carrie Schwab-Pomerantz, Charles Schwab Worried about selling in a down market? There's more than one way to come up with cash when you need it, says Carrie Schwab-Pomerantz. |
Kevin Fowler, Volusion See which public colleges boast the highest earnings for students post-graduation |
Ilya Gofshteyn, Standard Chartered |
Brandon Medina, Construction Coverage |
George P. Shultz & Michael Boskin & John Taylor, Proj. Syndicate Government policies restricting the operation of markets usually do more harm than good. Even in times of crisis, such as the current coronavirus pandemic, policymakers should do everything possible to keep markets working and private incentives strong. |
Noah Wall, RCM To flatten the COVID-19 curve, state governments have shut down the operation of thousands?maybe millions?of small businesses across the United States. Similar to a federal government... |
Morgan Housel, Collaborative Fund Desire for economic forecasts surges right when our ability to accurately forecast plunges. |
Robert Wright, American Institute for Economic Research It’s unsurprising that governments around the world have reacted so strongly to COVID-19. I think the game-theoretic model below explains the first round nicely. It also provides insight into what round two might look like. For game theory aficionados out there, I am not saying that this is the best way to model the world. I think, though, it is the way most politicians and their advisors think. |
Christopher Schelling, Institutional Investor And here's what will be hit the hardest. |
Allison Schrager, Manhattan Institute |
Howard Marks, Oaktree Capital It may not be THE bottom but there is value available in the market. |
Nathanael Johnson, Grist The sudden shift in the way Americans shop is stunning. |
Veronique de Rugy, National Review While our country is in the middle of a pandemic, with a quarantine, deaths, and an economic nightmare, politicians are using the crisis to promote big-government schemes. |
Maryalene LaPonsie, U.S. News & World Report SAVING MONEY TO YOUR retirement fund is only part of ensuring a financially secure future. The other half involves making smart decisions about when and how to withdraw cash. |
Howard Gold, MarketWatch 15 top planners tell us what people retiring soon should do now |
Kenneth Rogoff, Project Syndicate Until there is a better sense of when and how the COVID-19 public-health crisis will be resolved, economists cannot even begin to predict the end of the recession that is now underway. Still, there is every reason to anticipate that this downturn will be far deeper and longer than that of 2008. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Macromon, Global Macro Monitor The Fed announced it is bailing out junk bonds today, Wall Street has now morphed into a full-blown "Soviet Sausage Factory." |
Kevin Williamson, NR The current economic crisis doesn't have to be existential. |
Fiona Zublin, Ozy This pandemic is unlikely to lead to many bundles of joy. |
John Cochrane, The Grumpy Economist Getting American back to work is going to be a huge job. |
Christine Benz, MStar Running through our six-step checklist can provide peace of mind with your portfolio and plan if volatility persists. |
Dylan Scott & Emily Stewart, Vox It will be a long time before the economy recovers â?" and it won't be the same. |
Cullen Roche, Pragmatic Capitalism The US economy is a lot different now. |
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