08/18/2020
Today James Altucher, New York Post In a self-published essay that went viral, author James Altucher explains why New York City can't come back from COVID-19. |
Annalee Newitz, New York Times The 20th century is full of examples of the false promise of suburban living. |
David Andelman, MSNBC COVID-19 spikes in South Africa and Melbourne offer America clues ahead of winter 2020. |
Donald Boudreaux, American Institute for Economic Research eading the late Hans Rosling’s 2018 book, Factfulness, during the summer of 2020 creates a sensation of surrealness that would have been absent had I read this volume in 2018 or 2019. On nearly every page of Factfulness Rosling busts the popular myth that we denizens of modernity face imminent calamities that will destroy us and the earth. Widespread fears – such as of overpopulation, of terrorism, and of the rich getting richer while the poor stagnate – are methodically revealed to be either completely unjustified or exorbitantly exaggerated. |
Matt Egan, CNN US stocks are on the cusp of a remarkable feat: setting new all-time highs during the middle of a pandemic. |
John Tamny, RealClearMarkets “This is the time to use the great fiscal power of the United States to….get through this with as little damage to the longer-run productive capacity of the economy as possible.” – Jerome Powell, in April of 2020 Let’s get it out of the way up front that credit conditions are tight at the moment. The sign of this truth is that interest rates are so low. Think about it, then think about it some more. |
Barbara Eisner Bayer, Motley Fool Warren Buffett, the investing legend, is turning 90 on Aug. 30. He's achieved his fame through his phenomenal success with his company, Berkshire Hathaway, and his outstanding generosity. Have any doubts? Then consider this: If you had invested $1,000 in Berkshire's Class A shares in 1964, it would have been up 2,744,062% by 2019 and worth about $21.6 million. Now THAT's success. |
Bill Campbell, RealClearMarkets Among many of his central bank peers, Bank of England Governor Andrew Bailey has championed the unprecedented balance-sheet expansion by the world’s central banks in their response to the COVID-19 pandemic. In particular, Mr. Bailey argues that the central banks have created the reserves needed to meet the market’s demand for high-quality liquid assets. His argument, however, glosses over an important element for a sustainable long-term recovery. Reserve expansion has benefited large firms and institutions but left small and medium enterprises (SMEs) behind. This business category... |
Charlie Nelson, MarketWatch There are both opportunities and challenges that savers should know |
Cory Doctorow, Slate Epic is risking a lot in this lawsuit, but it could win a huge payoff. |
Michael Cannivet, Forbes Whether Apple?s actions constitute monopolistic practices will be decided in the courts. However, it is clear Apple has several key ?advantages? over other companies. |
Stephen Moore & Alfredo Ortiz, RealClearMarkets President Trump recently delivered on our recommendation to suspend the payroll tax. His executive order defers payroll tax obligations for employees earning less than $104,000 (about 90 percent of all American workers). Combined with the employer payroll tax relief in the CARES Act, which passed by a strong bipartisan vote, the president's order will provide meaningful tax relief to nearly all working Americans. This tax cut will significantly boost the economy and accelerate its recovery. Now employers from Wall Street to Main Street must act to comply with this executive order... |
Bernard Sharfman, The FinReg Blog |
Jeffrey Buchbinder & Ryan Detrick, LPL Financial |
Richard Moody, Regions Bank |
Jerry Bowyer, Vident Financial |
Beth Akers, Manhattan Institute |
Rob Williams, Charles Schwab Avoiding simple mistakes can extend the life of your portfolio. |
Richard Moody, Regions Bank |
Judith Miller & Douglas Schoen, The Hill The downturn from the crisis harms some more than others. |
Jeanna Smialek & Alan Rappeport & Emily Cochrane, NYT Providing more aid to struggling governments has become one of the biggest issues tangling up the debate over another pandemic rescue package. |
Sara Ashley O'Brien, CNN When faced with tough legislation over the years, Lyft and especially Uber relied on a tried and tested playbook: threaten to suspend service in the area. The threat, which the companies would sometimes follow through on, appeared designed to rile up customers and drivers, and put more pressure on lawmakers. |
Eli Lehrer, Washington Examiner In a nation struggling with double-digit unemployment and economic contraction, jobs sit at the top of the policy agenda. Many of the 15 million or so positions lost to the pandemic will take time to come back. Some never will. |
Peter Dunn, USA Today Dear Pete, My son graduated from college in May and hasn’t been able to find a job. He’s living at home with me and has roughly $55,000 in student loans, which he’ll have to start making payments on in January. We’ve discussed having him go back to grad school in order to wait out the job market, so he can get a job worthy of his degree. Plus, if he does this he’ll be able to put his loans in deferment, thus relieving the need to pay on those loans for the time being. Do you think this is a good idea? |
Christy Bieber, Motley Fool Americans' retirement confidence has dropped compared with a year ago, no surprise considering the country is in a recession and the long-term economic impact of the coronavirus remains unknown. Almost everyone faces economic trouble over the course of their career, and you can't let these tough times affect your future as a retiree. Fortunately, you don't have to. |
Robert Wright, American Institute for Economic Research The Declaration of Independence sought not simply to free most of the mainland North American colonies from increasingly oppressive British rule, it sought to free Americans for all time from all oppressive governments. While much of the document details specific grievances against King George, the second paragraph clearly states “That whenever any Form of Government becomes destructive of these ends [protection of life, liberty, and the pursuit of happiness], it is the Right of the People to alter or to abolish it, and to institute new Government.” |
Allison Schrager, City Journal The Golden State should repeal its anti-freelancer law. |
Clare Duffy, CNN Business When former IBM cloud leader Arvind Krishna took over the company's top job earlier this year, the move sent a clear signal about where the company sees its future. |
John Rekenthaler, Morningstar The two assets have responded very differently to the coronavirus crisis. |
Jules Hull, Medium How technology and a dose of skepticism can provide protection. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
J.D. Tuccille, Reason.com A life of built-in social distancing looks better than ever. |
Andrea Riquier, MarketWatch $2 billion has been lost and it looks like a case of revenge. |
Matt Taibbi, Substack No one gets out of this thing sober |
Christine Idzelis, Institutional Investor Ordinary investors are missing out on significant gains as private equity pushes out IPOs, Syracuse University research finds. |
Ben Carlson, A Wealth Of Common Sense Emerging market indexes are changing to be more like the S&P 500 |
Elisabeth Buchwald, MarketWatch 'People who spent the majority of their stimulus checks account for some 15% of U.S. households, compared to a third of Americans who saved their stimulus checks and more than half used it to pay down debt.' |
James Altucher, LinkedIn Midtown should be called ghost town. |
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