03/10/2020
Today Editorial, NYT The economic impact of the coronavirus requires a stronger federal response. Congress needs to be careful about the timing. |
Richard Rahn, Washington Times Some have argued that the trade disruption caused by the coronavirus puts the U.S. economy in grave danger. These fears are overstated. Exports are about 11.7 percent of U.S. GDP, and imports are equal to about 14.5 percent of GDP, and much of this trade (goods and services) is likely to be little affected by the virus. |
Ross Clark, Spectator Is this really about a virus? Oil has plunged 30 percent, the S&P Index seven percent. What is happening on the markets today has less the feel of a rational reaction to world events than one of the periodic panics which grips world markets — with coronavirus a mere excuse for a sell-off which was perhaps coming anyway. The deadliest words for world markets are not ‘coronavirus’ and ‘Covid-19’ but ‘decade-long bull market’. |
Heather Long & Jeff Stein, Washington Post |
Jeffrey Tucker, American Institute for Economic Research Imagine if you are the organizer of a major arts and tech event that attracts a quarter-million attendees. One week out from the conference, the mayor cancels your event. Your event is not named specifically, just that all events involving more than 2,500 people are officially banned. He does this using emergency powers, justified in the name of containing a virus. |
Jason Trennert, RealClearMarkets With the 10-year Treasury yield breaking 1% last week and more than $14 trillion of negative-yielding sovereign debt worldwide, it seems almost axiomatic that the least held view among market... |
Market Minder, Fisher Investments Days like Monday call for calm consideration, in our view. |
Christoph Gisiger, themarket Howard Marks, Co-Chairman of Oaktree Capital, cautions that we don't know what the real economic impact of the coronavirus outbreak will be. The legendary value investor points out how important it is to be humble and explains why stocks look like a much better bet than long-term Treasury bonds. |
Chris Burns, Fox Business Investors with a long time horizon should keep a sense of perspective amidst the chaos. |
Eric Nelson, Servo Wealth Stock returns have been extreme in recent weeks. Should you be concerned? Quite the opposite; the only reason stock returns have been high is because of bouts of extreme but temporary loss. Short-term pain is what allows for the gains. |
Stephen Moore & John Tamny, RCM "You know, we eat guys like you for lunch every day of the week." Those were the words of AT&T Chairman John deButts nearly fifty years ago. He directed them to MCI Chairman Bill... |
Christy Bieber, Motley Fool |
Cooper Howard, Schwab Decisions made during the island's restructuring process could have an impact on credit protections for some types of municipal bonds. |
Kathy Jones, Schwab Historically, there has been no better hedge against an equity market decline than long-term Treasury bonds. |
Richard Moody, Regions Bank |
Kay Hymowitz, Manhattan Institute |
Collin Martin, Charles Schwab Despite lower prices and higher relative yields, there's room for prices of high-yield bonds, preferred securities and bank loans to fall further. |
Carrie Schwab-Pomerantz, Charles Schwab Replacing 70-80 percent of annual income in retirement is a good starting point but general guidelines only go so far, says Carrie Schwab-Pomerantz. |
Paul R. La Monica, CNNMoney Stocks plunged Monday and the market has unnerved investors during the past two weeks with its gut-wrenching ups and downs. But if you're a long-term investor, what should you do with a 401(k), IRA or 529 savings plan for your kids' college tuition? |
Tara Siegel Bernard, New York Times Americans in their mid-60s could live nearly three more decades, research shows, so a healthy dose of stock in your portfolio is actually prudent now. |
Jonathon Trugman, New York Post Americans need a little less pressure right now, and any help from Treasury would probably be very well received. |
David Bier & Ryan Bourne, The Examiner Democratic presidential candidate Bernie Sanders is the leading example. The socialist senator promises to rescind the public charge rule created by Trump. He says it is appalling that our immigration system would "discriminate on the basis of income." The land of the free, he quite rightly believes, should "welcome all." |
Rupert Darwall, Hill Investors more obsessed with climate than investor returns, who bully corporations into adopting net-zero business strategies, are doing more than destroying shareholder value. |
Allison Schrager, Economics21 |
Lakshman Achuthan, CNN Our research shows that the US economy came into this epidemic in more resilient cyclical shape than the Fed -- and most economists -- realize. This rate cut could do more harm than good. |
Sharon Begley, Stat Experts see two scenarios: 2019-nCoV becomes like the four little-known coronaviruses already endemic in people, or it becomes like the seasonal flu. |
Maya MacGuineas, The Atlantic The biggest, best-known companies in the digital economy are getting their users hooked on their products—and undermining the pillars of America’s market economy. |
Meghan Bell, Passage I never saw exceptional “hard work” or “intelligence” among the members of the class I was born into. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Morgan Housel, Collaborative Fund It looks bad today. It may look bad tomorrow. But hang in there. We'll get through this. |
Ben Carlson, A Wealth Of Common Sense No one survives this kind of volatility without a plan, even one that is sub-optimal. |
Bill McBride, Calculated Risk First time since 2006. |
Seth Hettena, The New Republic The father of the founder of the conspiratorial site filed a criminal complaint against me in Bulgaria. Then things got weird. |
Joachim Klement, Klement on Investing Saudi Arabia announced today that it would ramp up oil production significantly, sending oil prices down by more than 20% - the biggest daily drop since 1991. This move comes after Russia decided not to participate in the OPEC production cuts to stabilise prices after the significant decline in recent weeks. |
Tom Cassauwers, Ozy As it battles to recover from the last economic crisis, this southwest European nation is turning to the space industry for salvation. |
Michael Harris, Price Action Lab The moves in crude oil and bonds last Friday were 4 and 6 sigman events respectively. |
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