09/04/2020
Today

Thoughts on Why An Explosive Stock Market's Cratering

Brian Sozzi, Yahoo Finance

It may be the right time to take profits in this ultra-hot stock market, experts tell Yahoo Finance.

Why Any Conclusions As of Now Would Be Excessive

William Watts, MarketWatch

Tech and other high-flying stock market sectors got hammered Thursday, but the move was so overdue it?s hard to declare it the start of a prolonged...

It's Premature to Make Too Much Out of Yesterday

Market Minder, Fisher Investments

Reacting to Thursday's volatility and value leadership seems quite hasty to us.

It's Sound Econ to Raise Taxes, Boost Govt Hiring

Kitty Richards & Joseph Stiglitz, NYT

It's not only the right thing to do, it's good economics.

Recovering Economy Will Get Better If Trump Is Re-Elected

Nick Stehle, Examiner

Our economy is roaring back to life. Over 1.7 million business applications have been filed, and some 1 million seek to open a business that will hire workers.

Does Insurance Cover Rioting and Looting? Wrong Question

Brad Polumbo, FEE

Civil Unrest Is Undermining the Economic Recovery Too

Christos Makridis, The Hill

While we need to vigorously continue the search for a vaccine and pursue policies that allow for a permanent reopening of the economy, we also need to obtain safety and security in our cities once again.

The C-19 Disaster

Antony Davies & James Harrigan, American Institute for Economic Research

It has been five months since the American people were told they would be under house arrest for three weeks to “flatten the curve.” Under the guise of protecting us from Covid-19, America’s politicians completed one of the greatest nonviolent power grabs in US history, pushing the lockdowns well beyond the initial three-week prediction, thereby taking control of 330 million lives.

The Payroll Tax Holiday Threatens Social Security's Future

Sheila Weinberg, RCM

In early August, President Trump signed an executive order that would give millions of workers a small pay increase through the end of the year. The increase would be approximately $62 for the average worker earning a little more than $1,000 a week. Each worker could end up getting more than one week’s worth of pay by New Year’s Eve. The paycheck increase is made possible by temporarily deferring an employee’s Social Security taxes. If Congress doesn’t permanently defer these payroll taxes, however, then each worker would have to pay the money back. The deferral began...

The Year Is Almost Over: What To Do With Your 401(k)

Maurie Backman, Motley Fool

These are trying times we're living through, and many people want nothing more than to see 2020 come to an end. If you have a 401(k) plan, the moves you make in the next few months could have a profound impact on your retirement. Here are three critical strategies to adopt as we navigate the tail end of this volatile year.

Do Fed Moves Have Electoral College Implications?

James Pethokoukis, The Week

Official site of The Week Magazine, offering commentary and analysis of the day's breaking news and current events as well as arts, entertainment, people and gossip, and political cartoons.

Murphy's Law Is Fed's Law, and Everything Is Wrong

Jeffrey Snider, RealClearMarkets

As it turns out, there actually was a Murphy. His now ubiquitous American idiom, Murphy’s Law, is well-known to everyone: whatever can go wrong, will go wrong. The reason it has proliferated and penetrated to every corner of our modern society is the embedded truth sprinkled with just a kiss of post-modern ironic fatalism. As a result, it doesn’t quite mean what the original version did. I think you, as I, will prefer the first one.

Stock Market "Inequality" Hides A Big Change

Jeffrey Kleintop, Charles Schwab

The recent imbalances in the stock market can lead to vulnerability; rebalancing portfolios may be valuable to help balance exposure to U.S. capitalization-weighted benchmarks relative to international stocks.

Las't Week's Terrible - And Stale - GDP Report

Jerry Bowyer, Vident Financial

Mental Health, Substance Use, and Suicide Amid C-19 Pandemic

Various, CDC

This report describes mental health challenges faced by communities during the COVID-19 pandemic.

Taking City's Temperature: What New Yorkers Say

Michael Hendrix, Manhattan Institute

The Manhattan Institute partnered with Echelon Insights to conduct a July 2020 survey of New York City adult residents in order to better understand their feelings about issues facing the city, views on city government, and attitudes toward potential policy solutions. The results show a city...

A Stock Market Look at September

Brad McMillan, Commonwealth Financial Network

Why Aren't More Women Investing?

Carrie Schwab-Pomerantz, Charles Schwab

Women have come a long way in terms of equality, but are we investing enough for financial security? Not according to Carrie Schwab-Pomerantz.

Recent Durable Goods Order Brought By Letter V

Jerry Bowyer, Vident Financial

How The Pandemic Is Creating A Suburban Bidding War

Jessica Aguirre, VF

It may seem counterintuitive that a pandemic-fueled recession could lead to a bullish housing market. But a combination of trends has resulted in a buying frenzy.

The Cubicle Drones Are Revolting

Mary Harrington, UnHerd

Does the Government fear an economic rebalancing away from the capital?

Virus Puts US Debt On Track To Exceed WWII

Jim Tankersley, The New York Times

Federal debt, as a share of the economy, hit 98 percent in the 2020 fiscal year. Many economists are pushing lawmakers to add even more to it.

Winners and Losers of the Pandemic Economy

Michael Spence, Project Syndicate

While it is true that bullish equity markets are out of step with the historic contraction in the real economy, to say that they are disconnected from it misses the point. In fact, the lofty valuations of companies with high intangible capital per employee make perfect sense in today's economy.

The Game Of Tesla

Ben Hunt, Epsilon Theory

There’s an old saying in poker: don’t just play the cards, play the players.

Stocks Have Nothing On Sports Trading Cards

Jeff Tracy, Axios

Sports trading cards are enjoying something of a renaissance, fetching greater value than ever before and engendering excitement on a level not seen since their last golden age in the 1990s.

Why Saudi Aramco Is Re-Thinking Its Global Ambitions

Julia Horowitz, CNN

The coronavirus pandemic is upending the energy industry and pushing its top players to make big changes. That includes Saudi Aramco, the world's largest and most profitable oil producer.

How Much Money is Enough?

Ben Carlson, A Wealth Of Common Sense

The McDonald brothers sold out to Ray Kroc for a small fortune. And that was enough for them.

Would Basic Income Be Better Than Unemployment Benefits?

Max Ghenis, The Hill

By building on the success and infrastructure of the Recovery Rebates, direct payments to all Americans would relieve economic stresses efficiently, equitably, and, as our analysis shows, effectively

There Are No Econ Gains from Looting

Brad Polumbo, Foundation for Economic Education

Most listeners tune into NPR to catch up on the news on their commute home in the afternoon. But, increasingly, the state-run media outlet’s audience is instead being treated to far-left political arguments—sympathetically aired and left unchallenged. On August 27, the public radio station aired an interview with the author of the book In Defense of Looting, Vicky Osterweil, on the popular Code Switch podcast and published it on NPR.org. Journalist Natalie Escobar opened the ostensibly objective interview by dismissively citing...

David Rubenstein On Leadership Lessons from Bezos, Gates

Deniz Cam, Forbes

The Carlyle Group co-founder's new book, How To Lead, features candid conversations with CEOs, entrepreneurs and athletes.

Time to Let the Curtain Rise On Michigan Movie Theaters

Mitch Albom, USA Today

Now that our governor is finished with her shark week, perhaps she can bite into a small but persistent inequity in our COVID-19 shutdowns that, frankly, has gone on too long. Movie theaters.

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

Daddy....What's A Bubble?

Howard Lindzon, Howard Lindzon

Enjoy this momemnt in time.

No, Index Investors Did Not Panic

Barry Ritholtz, The Big Picture

Passive investors stayed the course during the coronavirus panic.

Dividends By The Numbers August 2020

Ironman, Political Calculations

The U.S. stock market saw continuing improvements for dividend paying firms in August 2020.

Why Did The Liberal Left Embrace Lockdowns?

Jenin Younes, AIER

Anyone who dares to suggest that we have overreacted to the threat of coronavirus, and in doing so, have caused more harm than the disease itself, is accused of being a grandma-killer, a fascist, and worse.

A Payroll Tax Holiday Is No Free Lunch

Veronique de Rugy, Reason.com

Forgiving payroll taxes is a bad way of stimulating the economy and would leave Social Security benefits underfunded.

The Phillips Curve Isn't Dead But It's Starting To Smell

Claire Jones, FTA

If low unemployment no longer leads to inflation, then what does?

Our Ultimate Stock-Pickers' Top 10 Buys and Sells

Eric Compton, Morningstar

Funds focus purchases in basic materials and consumer sectors.
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