10/14/2020
Today

The Stock Market Disagrees With the Presidential Polls

Paul Brandus, MarketWatch

A century's worth of election-year data suggests President Trump will win re-election

Meet Guilt-Ridden Oil Billionaire Trying To Save the Planet

Noah Kirsch, Forbes

Anttonen's concern is curious for a man in the oil business.

It's As Though Some Want to Be Misled About Coronavirus

Don Boudreaux, AIER

Since March, the coronavirus has been treated as if it is a danger categorically different from other dangers, including other viruses. But this treatment is deeply mistaken. The coronavirus is not a categorically different danger. It occupies a location on the same spectrum that features other viruses. Reasonable people can and do debate just where this location is – that is, how much more dangerous is the coronavirus than are ordinary flu viruses and other ‘novel’ viruses that plagued us in the past. But the coronavirus is well within the same category as other viruses.

Why the U.S. Senate Must Get to Work Advancing Stimulus

Paul London, The Hill

The stranglehold that Senate Majority Leader Mitch McConnell (R-Ky.) forces on the country needs to be broken.

Rail Dereg Is a Success Worth Celebrating, & Learning From

Karen Kerrigan, RCM

October 14 marks an important day for proponents of free markets, competition, innovation and limited market intervention by the federal government: The Staggers Rail Act – signed into law by President Jimmy Carter – turns 40 years old. The Staggers Act partially deregulated privately owned freight railroads in terms of setting prices for services and setting rail rates, making decisions regarding what routes to use, and establishing shipper contracts, which allows freight railroads to make decisions based on market conditions.

The Panic Attack of New York City's Power Brokers

Andrew Rice, New York Magazine

New York's Andrew Rice explores the future of real estate when the city's office buildings are empty. New York City's "permanent government" has always built its way out of crisis. But what if it can't?

The Better Sweden Does, the Angrier They Become

Dan Hannan, Washington Examiner

My columns on Sweden's laissez-faire approach to the coronavirus always provoke an angry response. But it is striking that, the better Sweden does, the angrier its critics become.

America Needs An Industrial Policy Now More Than Ever

Steven Vogel, The Hill

We are going to need a robust industrial policy to take on the big challenges that lie ahead.

One Weird Trick for Destroying the U.S.'s Digital Economy

Marie Solis, The Nation

Tim Hwang thinks we should burst the bubble of the ad-supported internet before it's too late.

July the New January: Office Returns Delayed

Gillian Friedman & Kellen Browning, NYT

From Ford to Microsoft, white-collar companies are increasingly extending working from home through next summer.

Median Family Will Pay More Under Biden-Harris Tax

Joseph Sullivan, National Review

The Biden campaign says only the rich will pay more under his tax plan. The evidence suggests otherwise.

AMZN Offers Great Prime Day Deals, But at Cost for Workers

Paris Marx, MSNBC

Amazon's 2020 Prime Day start amid Covid-19 offers great deals â?" but at what price?

What If the Bank of England Goes Negative?

Market Minder, Fisher Investments

Negative interest rates aren't a net benefit, in our view, but they aren't necessarily bearish, either.

Is Optimistic Market a Vulnerable One?

Brad McMillan, Commonwealth Financial Network

Handicapping the November 3rd Elections

Paul Hoffmeister, Camelot Portfolios

3rd Quarter Earnings Season To Be Relatively Good

Pat O'Hare, Briefing.com

A More Complete Picture of Q3 GDP Emerges

Richard Moody, Regions Bank

Which Political Party Is Better for the Economy?

Adam McCann, WalletHub

The U.S. Labor Market: The Good, the Bad, and the Ugly

Ryan Severino, JLL

The Billionaire Who Stood by Epstein

Matthew Goldstein & Steve Eder & David Enrich, NYT

Leon Black, whose $9 billion fortune could buy the best counsel in the world, paid at least $50 million to Mr. Epstein for advice and services after most others had deserted him.

Americans Are On the Move. Here's Where The're Moving

Peter Lane Taylor, Forbes

COVID-19 has turned American housing upside down. Now that the first wave of the pandemic has moved through, these towns, cities, and regions are booming. Here's whyâ?Â"and howâ?Â"COVID's great migration is about to transform American real estate for a generation

Working From Your Bed? You're Not Alone As You Think

Nathan Bomey, USA Today

This is more than just a bedtime story. Immersed in a work-from-home revolution, Americans are working from their beds, watching movies in the sack, spending more time at home and, consequently, deciding to upgrade their sleep setup. The upshot is that after years of turmoil caused by bankruptcies, store closures and intense competition, the mattress industry is suddenly flourishing during a pandemic that has reoriented people’s budgets.

Airline Miles Programs Sure Are Profitable. Are You the Loser?

Ron Lieber, NYT

United and Delta have been boasting to lenders about fat margins in frequent-flier mile programs. Time for customers to pay a bit more attention.

Books: Newton, Coffee, and the New Science of Money

Samuel Gregg, Law & Liberty

As far as revolutions go, the world is still reeling from the publication of Sir Isaac Newton’s Principia Mathematica on July 5, 1687. By identifying and offering proofs for an impressive number of calculations and three laws of motion that established the foundations of classical mechanics in physics, Newton provided a powerful means for unlocking and then quantifying nature’s secrets. Nothing would be spared the ramifications of Newton’s discoveries.

Shining a Light On America's Richest Self-Made Women 2020

Kerry Dolan, Forbes

Inside Forbes' ranking of the country's most successful self-made women entrepreneurs and executives as measured by their net worths.

Use Financial Control Board to Stop NYC Headed to Abyss

Betsy McCaughey, NYS

New York is heading into a financial abyss. On October 1, Moody’s downgraded New York City general obligation debt for the first time since the Dinkins era, and warns that more downgrades may be ahead. Meantime, the De Blasio administration announced October 3 that it was defaulting on a long scheduled $900 million deferred payout to current and former employees. Intervention by a court led to more obligations.

Stop Buying So Much From Amazon: Support Locals Instead

Mark Mitchell, CNN

Amazon's annual Prime Day sales event is slated for Tuesday and Wednesday and millions of shoppers will certainly flock to the site looking for deals. This year, the company is attempting to promote small business as a means to coax even more Americans to shop on its site. But Amazon doesn't need your patronage, the small business down the street does.

Outlook: We Don't Think the Market's Too Optimistic

Preston Caldwell, Morningstar

We forecast a strong long-run U.S. recovery.

Did We Learn Nothing? The Woke Financial Crisis, Part Deux

Robert Wright, AIER

Bankers did not wake up one morning all saying “we should make big, risky loans;” government regulators pushing an “everybody a homeowner” political agenda induced them, partly with a carrot and partly with a stick, to lend to every Tom, Dick, and Harriet who would sign their name to the dotted line.

Panic in the Parking Lot for Cash

Brian J. O’Connor, The New York Times

Low interest rates and paltry yields prompt money-market managers to waive fees and close funds.

What You Can Learn From The Harvard Endowment

Mark Hulbert, MarketWatch

Beating the market is tough, even for the best and brightest pros

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

Did China Win The Trade War?

Scott Sumner, The Money Illusion

China may not have won the trade war but the US definitely didn't.

The Short Seller Who Bet Against Nikola Has a New Target

Amanda Cantrell, II

Nathan Anderson's Hindenburg Research alleges that sustainable plastic company Loop Industries is "smoke and mirrors".

How Have U.S. Household Incomes Really Fared?

John Rekenthaler, Morningstar

Judging by the cold data, as opposed to hot air.

The Key to the Productivity Puzzle

Diane Coyle, Project Syndicate

Although the factors contributing to stagnant productivity are well known, economists and policymakers have so far paid little attention to figuring out how to address these problems in a coordinated way. But the need to deliver broad-based prosperity is more pressing than ever, and this shortcoming must be rectified without delay.

Why Are So Many Junk Company Stocks Doing So Well?

Ben Carlson, AWOCS

If you bought every company that lost money in 2019 that had a market cap over $1 billion, and so they’re about 261 of those and you bought every single one of those companies, you’ll be up 65 percent so far this year.

How The Election Will Affect Your Portfolio

Mebane Faber, Mebane Faber Research

For many investors, this election is a nightmare. It feels a bit like taking your chances against, say, jumping in the ocean with a shark on one hand, or stumbling in the bush upon a lion on the other. Either way, the outcome appears inevitable. You're in trouble.

Two Economies: Housing Boom vs Pandemic Bust

Ed Yardeni, Dr. Ed's Blog

"E pluribus unum" certainly doesn't apply to our highly partisan political discourse these days.
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