11/25/2020 Today
Arthur Laffer, American Consequences There is little that I can say or write about the current wonderful state of affairs of the U.S. that Debbie Downers can’t rebut. If you are hell-bent on making the negative case, there’s no changing your mind. But if you’re open to facts and logic, there’s one hell of a good case to be made for being grateful for all we do have and to be optimistic about the future. And as an 80-year-old economist, I firmly believe that the glass is half full… |
Chris Isidore, CNN Dow 30,000 is a milestone nearly 125 years in the making. |
Market Minder, Fisher Eurozone and UK Purchasing Managers' Indexes show some noteworthy differences from Lockdown 1.0. |
Christoph Gisiger, themarket Larry McDonald, founder of the investment research service The Bear Traps Report, is betting on a global synchronized boom in the economy. He predicts rising inflation and a strong bull market in the commodity sector, particularly in energy stocks. |
Hank Tucker, Forbes Impactive Capital borrows from the Oracle of Omaha's buy-and-hold value bookâ?"but overlays a large amount of sustainability and inclusion. |
Donald Marron, City Journal Uncle Sam needs a better way to budget for federal lending. |
Bruce Yandle, Examiner Word that President-elect Joe Biden will nominate Janet Yellen to be his secretary of the treasury should be taken as good news, both here and around the world. Having served as chairwoman, vice-chairwoman, and as a governor with the Federal Reserve Board, the head of the Council of Economic Advisers, and the president of the Federal Reserve Bank of San Francisco, and having taught economics at top universities over several decades, Janet Yellen is a known quantity â?" and a highly regarded one at that. |
Donald Boudreaux, AIER I wonder how Tyler would reconcile this point with his rejection of the relevance of the fact that Covid-19 is overwhelmingly a disease that is fatal to old people – especially very old and infirm people. I don’t doubt that some attempted reconciliation is possible, but I do doubt that I would find such an attempt to be persuasive. (Not that Tyler, or anyone else, should care whether or not I would find it persuasive.) |
Sherman Joyce, RCM If there’s something we’ve learned over these past few tumultuous weeks, it’s that Americans don’t agree on much. Whether it be over a presidential candidate, a coronavirus vaccine, or the security of our elections, the United States is deeply divided. These days, finding common ground is a herculean task. Yet, there is one particular issue that garners vast bipartisan consensus. When it comes to solving the problems caused by the government-mandated COVID-19 shutdowns, Americans agree that lawsuits aren’t the answer. To date, trial lawyers have filed... |
Steve Trost, 1889 Institute Free people can handle the coronavirus. |
Marc Joffe, Hill Before Congress passes additional stimulus spending, members should research and examine the current fiscal data. |
Zachary Karabell, Time It's increasingly likely that there will be no additional stimulus in 2020. But the Federal Reserve can and should act to help the economy. |
Carrie Schwab-Pomerantz, Charles Schwab Is your holiday budget tighter this year? That doesn't mean your gifts can't be just as meaningfulâ?"maybe even more so, says Carrie-Schwab Pomerantz. |
Brian Wesbury & Robert Stein, First Trust Advisors |
Richard Moody, Regions Bank |
Rob Williams, Charles Schwab Five resolutions to reshape your finances in the year ahead. |
Ryan Detrick, LPL Financial Research Economic Blog Leading economic indicators are confirming what high-frequency data has been telling us for weeks: The rate of the domestic economic recovery, while still positive, is slowing. |
Liz Ann Sonders, Charles Schwab Recent positive COVID-19 vaccine may represent a light at the end of the tunnel; but the resurgent virus means we're still in the darkest part of the tunnel. |
Brian Riedl, Manhattan Institute The latest long-term budget estimates from the Congressional Budget Office (CBO) show unsustainable growth of government debt (Chart 1). This debtâ?"which was 40% of the economy before the 2008 recessionâ?"will surpass 100% this year, on its way to 195% of the economy in 30 years.[1] And this... |
Matt Egan, CNN Janet Yellen checks all the boxes in President-elect Joe Biden's quest to find a Treasury secretary who won't spook Wall Street, alienate progressives or forget about Main Street's plight. |
Christy Bieber, Motley Fool Social Security benefits are an important source of retirement income, but they can't be your sole source. That's because they aren't designed to replace enough of your pre-retirement income to maintain your standard of living. |
Mark Hulbert, MarketWatch U.S. stocks rise in three out of every four years, especially the first year of a presidential term. |
Chuck DeVore, The Examiner The Fraser Institute is out with its new yearly assessment of Economic Freedom in North America. Fraser, based in British Columbia, Canada, ranks both nations and states internationally and in North America for their economic freedom, measuring factors such as tax rates, government spending, and labor laws. |
Michael Gibson, City Journal A new book argues that Silicon Valley was built on sand. |
Art Carden, American Institute for Economic Research The late 1970s and early 1980s were a turbulent time on the music scene. “Punk rock” came into vogue. Disco was breathing its last. A band of teenage girls called The Runaways went through several lineups and had a minor hit with “Cherry Bomb.” They never really got that far in the United States or Europe, but they opened for several prominent bands. They also made it big in Japan. Several Runaways became stars after the band broke up. Lita Ford went on to solo success. Original member Micki Steele joined the Bangles. The group’s biggest eventual star... |
Steven Kamin, Hill We don't know how economic policy management under the Biden administration will fare. But early signs are promising, |
Editorial, New York Post Lawmakers in New York and New Jersey just won't be happy until they drive Wall Street firms clear out of the area, taking their jobs â?" and tax revenue â?" with them. |
Daniel Griswold, The Hill Beyond trade, a more globalized U.S. economy is more likely to develop new products and vaccines to fight the virus. |
Brad Polumbo, Washington Examiner Pressure from top Democrats and left-wing pundits is mounting on a presumptive Biden administration to make "canceling" student debt a priority (aka, make taxpayers pay it off). The problems with this policy are endless, from its regressive benefits that skew toward the wealthiest citizens to its creation of a moral hazard problem that would encourage future students to make poor decisions. |
Micha Gartz, American Institute for Economic Research “It’s Now Up to Governors to Slow the Spread,” says a Wall Street Journal article — written by board members of pharmaceutical companies Pfizer and Illumina, Johnson and Johnson and Cigna. It encourages states and governors to band together and implement restrictions “focus[ed] on known sources of spread, such as bars and nightclubs.” |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Ben Hunt, Epsilon Theory The AMA is a tax exempt hedge fund and licensing corporation. |
Stephen S. Roach, Project Syndicate As financial markets celebrate the coming vaccine-led boom, the confluence of epidemiological and political aftershocks has pushed us back into a quagmire of heightened economic vulnerability. In Dickensian terms, to reach a "spring of hope," we first must endure a "winter of despair." |
David Wills, Quillette A new documentary covers the rise of Freak Power, a grassroots political movement founded by gonzo journalist Hunter S. Thompson. |
Art Carden, AIER Joan Jett was rejected by 23 record labels and finally just did it herself. |
Tyler Cowen, Marginal Revolution We can all admit now that it isn’t a bubble, right? Of course you still might think the current price is too high, as returns are a (near) random walk. |
Ironman, Political Calculations Thanksgiving is the quintessential American holiday, and for many American households, turkey is the centerpiece of their Thanksgiving dinner. |
Jonathan Ellen, City Journal Vaccine news offers optimism. | |
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