08/14/2020
Today Lewis Uhler & Peter Ferrara, Hill When Biden was vice president, America suffered the worst recovery from a recession since the Great Depression. |
Paul Krugman, New York Times Racial inequality wasn't an accident. It was an ugly political choice. |
Stephen Moore, USA Today Donald Trump did an enormous favor for middle-class America last week. Thanks to his executive action to suspend payroll taxes, every wage and salaried worker in America with an annual income of less than $100,000 — including those who earn the minimum wage — will soon see a 6.2% raise in their paycheck from now until the end of the year. |
George Gilder, American Institute for Economic Research “Tamny is giving us a heroic book just in time to lead this movement. We have been suffering not from a medical crisis but from a political and economic and institutional crisis. We have undergone a vast breakdown of moral, educational, intellectual and journalistic standards.” |
John Tamny, Forbes There's no such thing as a "bubble," simply because markets, by their very name, are defined by buyers and sellers. A book inspired by the question of "bubble" was doomed by the question. |
Market Minder, Fisher Investments With the S&P 500 hitting a new all-time high including dividends and global stocks not far behind, what should investors make of markets' fast recovery? |
Margaret Vitrano , MarketWatch The rebound will be much more gradual than the V-shaped pattern investors are betting on |
Lisa Nelson, Washington Examiner When times are tough, decisions get that much tougher. And a mistake right now might mean we are put down a path from which we cannot recover. Those are the stakes at play when we talk about the possibility of a fourth federal COVID bill. We should pause and think about real solutions instead of repeating past mistakes. So long as a fourth federal COVID bill looms over us, financial peril looms as well. |
Jeffrey Snider, RCM It was an especially tense exchange. The Fed Chairman was trying to withstand withering criticism from an openly hostile and substantial segment of Congress. It was the hot summer of July 2012, after two QE’s and a Twist some of the politicians, anyway, wanted some answers. They weren’t getting any. Jeb Hensarling was the most direct. He began by dryly recalling that 2008 wasn’t just yesterday, already four years in the past by then. Where was the recovery that had been promised? “MR. HENSARLING. I think it is an inescapable conclusion that we have seen the greatest... |
David Bahnsen, National Review When Fed officials make policy pronouncements on non-financial matters on which they have no expertise or authority, everyone loses. |
Shaun McAlmont, RealClearMarkets As Americans everywhere continue to grapple with the economic effects of COVID-19, federal officials are weighing whether to provide a second round of stimulus checks and extend the suspension of student loan interests and payments for another year. These short-term solutions are critical for so many newly unemployed Americans. They allow individuals to put what money they do have toward day-to-day essentials – food, shelter, healthcare – and protect the things that matter most in life; the safety, health, and wellness of their loved ones. But they don’t go far enough. The... |
Paul Katzeff, Investor's Business Are you saving for retirement? If you are, then you can't avoid wondering whether your retirement planning has your savings on track for you to live comfortably when you finally call it a career. |
Rob Williams, Charles Schwab Avoiding simple mistakes can extend the life of your portfolio. |
Richard Moody, Regions Bank |
Carrie Schwab-Pomerantz, Charles Schwab During periods of market volatility, we need strategic asset allocation and diversification more than ever. Find out more from Carrie Schwab-Pomerantz. |
Cooper Howard, Charles Schwab Taxable municipal bonds can offer higher yields without excessive additional credit risk. |
Brad McMillan, Commonwealth Financial Network |
Jerry Bowyer, Vident Financial The IMF just updated its economic projections for this year and the year after. The bad news is that this year, economic output is expected to plunge almost 5%. The good news is that output next year is expected to spike at a faster rate than this year's plunge, at almost 5.5%. |
Kathy Jones, Charles Schwab The U.S. dollar has been showing signs of weakening, a trend that may underscore the importance of global diversification. |
James Montier, GMO Never before have I seen a market so highly valued in the face of overwhelming uncertainty. |
Ed Yardeni, Dr. Ed's Blog We always seem to be living in unprecedented times, according to conventional wisdom, mostly because we don’t spend enough time studying history. There’s certainly a precedent for our current times in the past, one that was truly unprecedented back then. |
Veronique de Rugy, Reason.com More spending means more debt and more future taxes. |
Ezra Klein, Vox What Ezra Klein and another liberal think Keynes would do is exactly what liberals wanted to do before the onset of COVID. What Keynes would actually want to do is beside the point. |
Laura Tyson & Lenny Mendonca, Project Syndicate Before COVID-19 shut down entire sectors of the US economy, the US workforce was becoming increasingly polarized along educational, racial, and geographic lines. Now, those trends have been accelerating, underscoring the need for a smart, worker-focused policy response. |
Sara O'Brien, CNN President Trump's executive order last week banning TikTok if it doesn't find a buyer by next month potentially threatened to upend a vibrant social network and the broader social media marketplace. |
Drew Dickson, Albert Bridge Capital On first principles, there is one way to generate excess stock market returns over the long term, and it isn't to "own winners at any price." |
Ashley Nunes, FT Alphaville Ride hailing's collapsing house of cards. |
Mohamed El-Erian, Project Syndicate A sharp decline in the relative value of the dollar this year has been met with cheers from those hoping for a short-term boost to the US economy, and with hand-wringing by those worried about the currency's global standing. But while both views reflect underlying truths, neither tells the whole story. |
Erin Griffith, The New York Times The doomsday warnings about tech start-ups failing in the pandemic have not yielded the shakeout that many expected a few months ago. |
Nick Maggiulli, Of Dollars & Data The definitive guide to Ray Dalio's All Weather Portfolio. |
Shawn Langlois, MarketWatch A sell signal is flashing on Buffett"s favorite indicator |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Alex Cranz, Gizmodo The billionaires are fighting. |
Elizabeth Nolan Brown, Reason.com Even as Americans rely on tech more than ever, our early-pandemic truce with the industry is officially over. |
Safal Niveshak, Safal Niveshak Lots of things people pay attention to don't matter at all. |
Justin Mikulka, Naked Capitalism The boom has now gone bust and there’s no funding to clean up the damage, leaving the public to pick up the tab. |
Ben Hunt, Epsilon Theory It is the age of capital markets as a carny show. |
Ben Carlson, A Wealth Of Common Sense Regression to the mean has to be one of the philosophical underpinnings of any decent investment strategy. |
Jules H. van Binsbergen, Knowledge@Wharton That's not how this is supposed to work. |
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