04/24/2020
Today

The Right's Vile, Hypocritical View That States Can Drop Dead

Paul Krugman, NYT

Blocking federal aid is vile, but it's also hypocritical.

If Federal Waste Must Increase, Federal Land Must Decrease

William Shugart, RCM

Earlier this month, Lawrence Kudlow, director of the National Economic Council and top Trump administration adviser, floated a proposal for selling COVID-19 U.S. Treasury bonds to "spur...

Big Banks Can't Shut Out Small Business From the PPP

Rep. Gil Cisneros, The Hill

Small businesses employ nearly half of the United States workforce. When they're unable to pay their employees, families are out of work and unable to put food on the table or pay their bills. During this national crisis, everyone, including our big banks, needs to come together.

With Harvard & Shake Shack, Pols Trick the Outraged Yet Again

John Tamny, RCM

It came out earlier in the week that Harvard University would be availing itself of some of the so-called 'stimulus' money extracted by politicians from the private sector. Extracted is...

What Quentin Tarantino Can Teach Us About 'Re-opening'

Chris Baecker, Mises Inst.

My oldest turned seventeen last month. To commemorate the occasion, she and I watched Once Upon a Time in Hollywood. I'd taken her to her first (allegedly) rated-R movie a couple years ago to see the quite good Baby Driver, but this was Tarantino.

How Wrong Were the Models?

Phillip Magness, American Institute for Economic Research

Deadly Costs of Extended Shutdown Orders

Heather Mac Donald, American Greatness

ore than a dozen governors extended their economic shutdown orders recently into May and beyond. Those officials should have publicly addressed the following questions first: How many coronavirus deaths do you expect to avert by the shut-down extension? What will your state's economy look like after another month of enforced stasis? How many workers will ?

It's Time for All of Us to Think More Deeply About Death

Zachary Karabell, Newsweek

We used to be intimately familiar with death; today we are barely on speaking terms. But as our response to the COVID-10 pandemic shows, it's not because we've grown any more resilient.

The Fed's Money-Creating Machine Can Save Cities

Claudia Sahm, New York Times

As Congress fumbles, the Fed's unlimited ability to create money may be the only lifeline that communities have left.

Don't Count On Fed to Engineer 'V-Shaped' Recovery

Jeffrey Snider, RealClearMarkets

It was a pandemic, of sorts, a diseasing infestation that demanded the strictest economic curtailment. The consequences of the resulting quarantine and shutdown were extreme, so severe that they...

Sustainable Investing Is Here, and It's $30 Trillion Large

Nick Marsh, OilPrice.com

Sustainable investing has finally caught the attention of Big Finance, and in just a few short years, has already grown into a $30 trillion market

Amid Mass Joblessnes, It's Not Crazy Stocks Are Rising

Nigam Arora, MarketWatch

The are many reasons for the stock market?s buoyancy â?Â" from incentives in the industry to retirement-account purchases to behavioral biases

New Home Sales: A Modest Preview of What's Ahead

Richard Moody, Regions Bank

What Happens When Corporate Bond Issuer Defaults?

Collin Martin, Charles Schwab

With the corporate default rate rising, investors may be wondering what they should do if their corporate bond issuer goes bankrupt.

Asset Allocation: The Defensive Risk Rally

Binky Chadha, Deutsche Bank Group

Is the Earnings Bar Low Enough?

Jeffrey Buchbinder, LPL Financial

Existing Home Sales: Lots to Unpack, None of It Good

Richard Moody, Regions Bank

The Economy, Inflation & Interest Rates

Brian Wesbury & Robert Stein, First Trust Advisors

Government Noses Its Way In Globally

Peter Hooper, Deutsche Bank Group

The Innovations We Need To Reopen The Economy

Bill Gates, The Washington Post

Before the United States and other countries can return to business and life as usual, we will need some innovative new tools that help us detect, treat and prevent COVID-19.

Why This Pandemic Isn't A Black Swan

Bernard Avishai, The New Yorker

It is a portent of a more fragile global system according the Nassim Taleb.

Why "Free Lunch" Strategies Cause Corrections

Bruce Jacobs, Knowledge@Wharton

Cheap credit causes problems.

What's Different This Time

Morgan Housel, Collaborative Fund

Some things never change. Our perception of them does.

The Trade Cure for the Global Economy

Victor Fung, Project Syndicate

As world leaders work to revitalize multilateralism to confront the COVID-19 crisis, they must also reshape it in a way that recognizes and reflects the many dimensions of global interdependency. This means, first and foremost, ensuring an open and sustainable global trading system.

America Needs Real-Time Economic Data

Shawn Donnan, BusinessWeek

The country has put its faith in statistics. But the numbers are failing it this time.

States Should Not Receive Bankruptcy Protection

Kevin Williamson, National Review

There are a couple of good reasons for this.

Why Negative Oil Prices May Lead To A Boom

Matt Egan, CNN

The boom-to-bust oil market is experiencing one of its darkest moments in history.

The Curious Case of Dmitry Balyasny

Amanda Cantrell, Institutional Investor

The Ayn Rand loving, former day-trader founder of Balyasny Asset Management just happens to be mastering markets in 2020. If he hadn't had a brutal 2018, he might not be.

A Tocquevillian View of Reinvigorating United States

Randolph May, RealClearMarkets

It's been nearly two hundred years since the 25-year old Alexis de Tocqueville arrived in America in May 1831 for his nine-month visit. Only 30 when he published the first part of his great...

Federal Job Protection Plan Needs Correction

Katie Fry Hester & Jim Rosapepe, The Hill

To be sure, our recovery will depend on multiple programs, working in concert with each other. Pay-share programs would help a large majority of essential businesses and other employers (those that are still open), many of which are teetering on the brink of closure from reduced sales.

A Prolonged Shutdown Will Be Enormously Anti-Life

Jacki Deason, RealClearPolitics

Ezekiel Emanuel, adviser to presidential candidate Joe Biden and Obamacare architect, just called for a 12-to-18-month lockdown to battle COVID-19, asking us to abandon our livelihoods, religious...

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

Learning The Wrong Lessons From The Virus Crisis

Caroline Baum, MarketWatch

An America that isolates itself from the world would be a poorer America

Economic Crisis May Kill More Than Coronavirus

Daniel Matamala, @ProMarket_org

Why does “saving the economy” still seem like a euphemism for the benefit of some unscrupulous few?

Why Aren't Stocks Down More?

Michael Batnick, The Irrelevant Investor

The winners are being separated from the losers.

Office Life Won't Be Normal For A Long, Long Time

Maxwell Strachan, Vice

Many experts want the WFH workforce to stay put until a vaccine is approved. If you do head back, expect indoor masks, staggered schedules, small meetings, and the death of open-office plans.

Reconsidering The 60/40 Portfolio

James Picerno, The Capital Spectator

Will the traditional asset allocation model continue to provide acceptable returns?

10 Ways Post Virus Investing Will Change

Stephen Clapham, Behind The Balance Sheet

Thoughts on issues we may have to think about when investing post crisis.

The Privacy Factor in Ending the Lockdown

Stan Matwin, Project Syndicate

It has now become clear that the only way to protect public health and restart the economy is gradually, through widespread tracking and tracing. But to make such systems palatable in the world's democracies, regulatory and technological hurdles will need to be cleared.
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