10/01/2020
Today Ira Stoll, New York Sun The New York Times’ investigation of President Trump says the president used big tax losses in some years to avoid paying taxes in others, that he invested some of his profits into money-losing businesses, and that Mr. Trump paid his daughter as “a way to transfer assets to his children.” In addition, it says that Mr. Trump’s businesses are propped up by foreign revenue and that Mr. Trump “has written off as business expenses costs — including fuel and meals — associated with his aircraft, used to shuttle him among his various homes and... |
Anna Bahney, CNN How is it that a millionaire can pay hardly any income taxes -- or none at all -- while most people, earning far less, owe more? |
Brooke Harrington, New York Times The majority of taxpayers can't afford the expensive professional advice on which successful tax-avoidance strategies depend. |
John Tamny, RCM As is always the case, the economics debate would be quite a bit more reasonable if it were understood that all money transfers reflect the transfer of goods and services. We work in order to get things. The dollars we take in for our work represent our demand for the goods, services and luxuries we need, and sometimes desire. Savings are what’s left over after individual needs and desires are met. Very important here is that savings don’t signal a lack of consumption as much as they signal a shift of consumptive power to someone else, or to an entrepreneur or business accessing... |
Market Minder, Fisher Investments Debates can be entertaining, but they generally don't influence the election's outcome anywhere near as much as pundits argue. |
Steve Forbes, What's Ahead Mass Exodus or a Phase? |
Heather Long & Andrew Van Dam, Washington Post The covid recession was a mild setback for those at or near the economic top and a depression-like blow for those at the bottom, according to a Washington Post analysis. |
Zilvinas Silenas, FEE If you read presidential candidate Joe Biden’s economic plans (“Build Back Better” and “Made in America”), you get a feeling of déjà vu, of having heard it all before: “America, good. China, bad.” If it was not sprinkled with obligatory “Trump, bad” quips you might think it was lifted from Trump’s program. The leitmotif is: “I am going to do the same things as Trump, but better.” |
Editorial, New York Post Tuesday, the Gray Lady warned that COVID is "pushing New York into a financial abyss." The city "will face an extended financial crisis, the likes of which has not been seen since the 1970s," it said. |
Casey Given, WE Netflix recently released a documentary exploring the psychological effects of social media both on people and society as a whole. The Social Dilemma is technically stunning, gripping in its storytelling, and an overall fun watch. However, its analysis of the real negative effects social media can have on humanity slowly loses touch with reality, reaching near hysteria at the end in claiming that social media could literally end the world. |
Benjamin Wallace, New York Hearst hired a Troy Young belligerent leader to disrupt its magazine business. Then fired him mid-disruption after allegations of sexual harassment. Now it's left with â?" what, exactly? |
Arthur Wilmarth, The Hill The global response to the pandemic confirms that we have not solved the problems that brought us the Great Recession more than a decade ago. |
Carrie Schwab-Pomerantz, Charles Schwab Whether you purchase long-term care insurance or not, you need to have a long-term care plan, says Carrie Schwab-Pomerantz. Here's why. |
Allison Schrager, Manhattan Institute The Narrative "At a time when about half of American households over the age of 55 have no retirement savings and one out of five seniors are trying to live on less than $13,500 a year, our job is not to cut Social Security. Our job is to expand Social Security so that everyone in this country... |
Market Minder, Fisher Investments A look at what recent political developments in Italy, Canada and the UK mean for markets. |
Ryan Detrick, LPL Financial Research Market Blog The first presidential debate is tonight, September 29, with millions of people expected to tune in to see how each candidate handles the pressure. With tensions heightened amid an elec? |
Various, Charles Schwab Why investors should focus on their financial plans in the run-up to the 2020 election. |
Richard Moody, Regions Bank |
Kathryn Vasel, CNN First the good news: There are more women in senior-level positions across corporate America. |
Morris Pearl, USA Today The New York Times detailed years of aggressive tax evasion by President Donald Trump in its bombshell report. It seems obvious based on the numbers, including the fact that he paid no federal income taxes whatsoever in 10 of the last 15 years and that he paid just $750 a year in both 2016 and 2017, that Trump might have crossed a legal line. But that is missing the point. The real scandal isn’t whether Trump cheated his way out of paying millions of dollars in taxes — it’s that our tax system is designed to let rich people like him avoid paying taxes without... |
Wayne Crews, Forbes As the latest edition of the federal Information Collection Budget of the United States Government illustrates, red tape is still a big deal. |
Paul Davidson, USA Today The raucous debate between President Trump and former vice president Joe Biden turned into a game of alphabet Tuesday when moderator Chris Wallace asked the two candidates whether the U.S. economy is in a V-shaped or K-shaped recovery from the coronavirus recession? Trump said it was a V while Biden said looked like a K. The exchange raised a more basic question: What is a V- or K-shaped recovery anyway? |
Joakim Book, American Institute for Economic Research Statistics can be used for good, and they can be used for bad. But used they must be, for us to have a shot at understanding our world. It is easy to feel that today we live in a world drowned by numbers. Convincing-sounding statistics are hurled at us from all directions at once – from friends and family, from the media, from your boss and your accountant. As a species, we seem to measure almost everything we can. |
Justin Peters, Slate "Four houses fully booked for monthsâ?"every single one of them canceled. ? I banked everything on this." |
Mark Hulbert, MarketWatch Expected 10-year return suffers when U.S. stock ownership is above-average â?" like now |
Donald Boudreaux, American Institute for Economic Research Art Carden is correct: Kristian Niemietz’s 2019 book, Socialism: The Failed Idea That Never Diesis superb. Yet it’s also deeply depressing. Of course Niemietz’s recounting of the immiseration and often murderous tyranny unleashed by socialism is dismaying. But to anyone who is reasonably informed, the fact that socialism has an unbroken record of calamity and authoritarianism isn’t news. The most depressing feature of Niemeitz’s volume, at least for me, is its cataloging of human gullibility. |
Dana Brownlee, Forbes How you spend your morning can dramatically impact the productivity of your entire day. If you're looking for a productivity boost, consider adding one of these four healthy morning habits. |
Kerry Hannon, MarketWatch Being a caregiver is financially and emotionally draining. But you can plan for it |
Brian Galle, USA Today Why do we care about President Donald Trump's tax returns? Is it just because they offer us another episode of reality TV, a window into the lives of the rich and famous? I would argue there are at least three things we learned from the president's returns that should concern us as voters, not just as voyeurs. First, we learned that it is possible he has not been honest with the IRS, and may even face potential criminal liability for his dishonesty. Presidents demand sacrifices from citizens and from public servants. Some of us are asked only to pay taxes; others are asked to... |
Bob Maistros, Issues & Insights Shocking charges made against The Donald based on thinly sourced or withheld information? Where have we heard that one before? |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Susan Dziubinski, Morningstar Here's a peek at the most undervalued constituents of the Morningstar Wide Moat Focus Index--as well as names that have been added and cut. |
Dion Rabouin, Axios Even after reaching all-time high average prices and sales numbers not seen since the height of the 2000s boom, the housing market still has lots of room to run. |
Matt Egan, CNN Business Wall Street is hedged against election volatility. If it doesn't happen the market might face a melt up. |
Joakim Book, American Institute for Economic Research Why does Sweden work so well? |
Alicia McElhaney, Institutional Investor How the Social Capital CEO sees SPACs, retail investing, and politics in the years to come. |
Scott Sumner, The Money Illusion There's plenty of reasons for pessimism. |
James Picerno, The Capital Spectator It’s a tall order but housing’s enjoying a V recovery and history suggests that this key slice of the economy plays a critical role in the business cycle. Is this a macro silver bullet for 2020 and beyond? |
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