03/14/2020
Today Christopher Schelling, Institutional Investor Up the escalator, down the elevator. |
Max Abelson, BusinessWeek A lot of Wall Street's best and brightest thought this was no big deal. Until it was. |
Raghuram Rajan, Project Syndicate The COVID-19 crisis has exposed the underlying weaknesses in national economies, health systems, and even political ideologies. If there is any silver lining, it is that long-vilified experts and professionals have an opportunity to regain the public's trust. |
Iain Murray, National Review Government's sprawling nature has made it less responsive and effective in facing these genuine crises. |
Eric Boehm, Reason.com Having failed to be fiscally responsible when it would have been relatively easier, our elected officials will now likely hike spending even further. |
Travis Miller, Morningstar The sector is 7% undervalued based on Morningstar's fair value estimates. |
Paul R. La Monica, CNN Bond yields are at record lows. That's great news if you want to borrow money right now but it's terrible for anyone trying to save by putting cash in the bank or buying US Treasury bonds. |
Scott Sumner, The Hill The Fed cannot cure a common cold, but it may be able to prevent the cold from developing into bronchitis or pneumonia. |
Greg Mankiw, Greg Mankiw There are times to worry about growing government debt. This isn't one of them. |
Ben Carlson, A Wealth Of Common Sense How many months or years does it take to earn your money back in the stock market? |
Matt Stoller, Pro Market n 2018 the Health Industry Distributor's Association opposed Trumps' tariffs on China with the argument that dependence on China was good because it increased efficiency. |
William Cohan, The Hive It's not 2008 but it is plenty bad out there in bond land. |
Brad McMillan, Commonwealth Financial Network |
Allison Schrager, City Journal As investors flock to bonds to avoid risk, pension plans face shrinking returns. |
William Poole, Merk Investments |
Francesca Ortegren, Clever |
Brian Wesbury & Robert Stein, First Trust Advisors |
Various, InMyArea.com Just under 20 million residents of the United States are veterans of America's armed forces, and while ... |
Cooper Howard, Schwab Decisions made during the island's restructuring process could have an impact on credit protections for some types of municipal bonds. |
Christine Idzelis, Institutional Investor Jeremy Grantham's army is "excited about equity." |
Neil Irwin, The New York Times A sinking feeling reminiscent of the global financial crisis, when all kinds of obscure markets went haywire. |
John Rekenthaler, Morningstar Going where no Treasury notes have gone before. |
Matthew Yglesias, Vox All unhappy economies are unhappy in their own way. That doesn't change the solution. |
Dennis Kelleher, MarketWatch Medical needs come first, followed by money to support people who've lost their jobs |
Andrew Hirschfeld, Ozy Amazon, JPMorgan, Berkshire Hathaway, Walmart and others are promising an affordable health care option that's a third alternative to what Democratic moderates and progressives are offering. |
Morgan Housel, Collaborative Fund You can't blame your week ago self for not knowing how things would change. |
Brahma Chellaney, Project Syndicate The COVID-19 pandemic should be a wake-up call for a world that has accepted China's lengthening shadow over global supply chains for far too long. Only by reducing China's global economic influence â?" beginning in the pharmaceutical sector â?" can the world be kept safe from the country's political pathologies. |
Steven Greenhut, Reason.com No one will ever head to Walmart for a kidney transplant, but retail companies and profit-based clinics certainly can offer high-quality, lower-level servicesâ?"and impose market discipline in a sector that sorely needs it. |
David Ahn & Robert Dugger, Project Syndicate As was true during World War II, the US Federal Reserve needs to buy Treasury debt on a sustained basis to prevent crippling interest-rate spikes. This "new normal" is a clear warning that the US must address new generation-spanning challenges such as excessive government debt with a wartime sense of urgency. |
Brian Riedl, National Review Not very. |
Susan Dziubinski, Morningstar These names are all significantly undervalued by our standards after the market rout. |
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 No bottom in stocks or the economy until the test kits are ubiquitous. We believe markets want an aggressive plan and action to treat the disease rather than focusing on the symptoms. Then markets will take care of themselves and find their appropriate levels. |
Ben Hunt, Epsilon Theory No one mobilizes for a war like the US. |
Nick Maggiulli, Of Dollars & Data On self-quarantining, safe havens, and enjoying life after the panic. |
Alicia McElhaney, Institutional Investor Shorting the NASDAQ and getting into gold are just a few of the strategies short sellers are using. |
Peter Kafka, Re/code It's a scenario that seemed implausible a day ago. Now it looks like one we could see for big sports events around the world. |
Jeff Carter, Points and Figures We're in full on panic mode in the US. |
David Merkel, The Aleph Blog The coronavirus, no matter how ugly it gets, is transitory. |
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