07/21/2020
Today

Why Did We Panic Over Covid19?

Roger Koops, American Institute for Economic Research

r. Carl Sagan was one of the premier scientists when it came to trying to bridge the gap of hard science with general public understanding. In the process, his personal enthusiasm for the wonder of science became evident to all. He also understood that science could be hijacked and that the highest standards of evidence were required when fantastic claims were being made.

How to Reopen Without Killing Teachers and Parents

Shardha Jogee, New York Times

All classes should be online, but school buildings could still serve an important purpose for the kids who need them most.

Bring Reason to the Dollar Discussion: Confirm Judy Shelton

John Tamny, RCM

As always with money, it should be stressed up front how much better the monetary discussion would be if those who insert themselves into it actually understood money. Most don’t. Strange about this is that money is simple. It’s simple when it’s properly understood that no one exchanges “money” when they transact. In reality, trade is always and everywhere products for products. Thousands of years ago money was merely a creation of producers of real goods, services and labor who sought a way for producers with disparate wants to trade with one another....

Are You Rich? How the Rich Are Defined

Maryalene LaPonsie, U.S. News & World Report

HOW MUCH MONEY DO YOU need to be rich? According to respondents of a 2019 Modern Wealth Survey from Charles Schwab, once you have $2.3 million in personal net worth, you can call yourself wealthy. On the other hand, people responding to a 2019 survey from the market research website YouGov said you need to earn just $100,000 a year to be rich.

How to Save Yourself from Social Security Cuts

Paul Katzeff, Investor's Business Daily

Social Security benefits are on shaky ground and the coronavirus recession only makes things worse. Can you protect yourself from whatever cutbacks the Social Security Administration might be forced to make?

'Like Alice In Bondland': An Interview with Tad Rivelle

Christoph Gisiger, themarket

Tad Rivelle, Chief Investment Officer of the Californian bond giant TCW, doubts that the economy will recover as quickly as the rebound in risk assets suggests. He's scrutinizing the magic of monetary policy and warns of a painful restructuring process in many sectors of the corporate world.

The Worst Time Ever to Buy Growth Stocks?

Eric Nelson, Servo Wealth Management

Growth stocks have had an outstanding run over the last few years. But rapidly rising prices have led to record-high valuations compared to value stocks. We've seen this movie before, and it doesn't end well...

Striving to Read the Market's Post-Modern Mind

Seth Levine, The Integrating Investor

Retirees Should Consider Today's Most Unpopular Investment

Mark Hulbert, MW

What strategy is so out of favor that hardly any retiree even considers it?

Will Congress Throw the American Economy Off a Cliff?

Ryan Cooper, 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.

If Congress Errs, TWTR Is Just the Beginning

Kirk Arner & Harold Furchtgott-Roth, RCM

Recently, hackers launched what appears to have been a coordinated phishing attack targeting Twitter employees. Within hours, the hackers gained control of the accounts of 130 prominent users, including Elon Musk, former President Barack Obama, and presidential candidate Joe Biden. Save for apparent heightened security protocols reserved exclusively for him, President Trump’s account might have been compromised too. Given the president’s penchant for making policy and diplomatic pronouncements via personal tweet,...

It's Time for Both Sides to Focus On Exploding National Debt

Judd Gregg, The Hill

OPINION: The deficits being incurred in response to the pandemic pose a serious danger.

Why Potential Dem Sweep May Not Be A Market Worry

Various, LPL Financial

Market Blog Based on the latest polling data, there's growing consensus that former Vice President Joe Biden potentially may win the election and Democrats possibly may sweep Congress. Some might t?

Covid Will Be the Only Market Mover This Week

Richard Moody, Regions Bank

All Right Now: But a Long Way to Go to Recover

Liz Ann Sonders, Charles Schwab

Rate of change and inflection points in economic data drive stocks; but in these unique times, the level of said data needs to be considered, too.

Why Recovery Could Come More Quickly Than You Think

Jerry Bowyer, Vident

Why You Shouldn't Panic About Coronavirus 'Surges'

William Briggs, The Stream

COVID-19 cases did rise after lockdowns eased. A rise in cases sounds bad, but shouldn't panic us. There is no "spike" or "surge" in deaths.

Q2 Was Tough On Those Who Panicked At End of Q1

Jerry Bowyer, Vident Financial

Fearful? Consider Dollar-Cost Averaging

Carrie Schwab-Pomerantz, Charles Schwab

Procrastination is not a good way to deal with market volatility, says Carrie Schwab-Pomerantz. Try dollar-cost averaging instead.

How To Invest For & With Your Kids

Lou Carlozo & Paulina Likos, U.S. News & World Report

MANY PARENTS ARE anxious about providing for their children into adulthood but they can start to share this duty by gradually incorporating their kids into money management decisions.

With Price Controls, A 'MFN' Proposal Puts America Last

Adam Brandon, RCM

Last year, some supposedly conservative lawmakers - namely those within the Department of Health and Human Services (HHS) - shocked their admirers by endorsing price controls on prescription drugs. This proposal, known as the international price index (IPI), would tie the prices of Medicare drugs in the U.S. to prices in a select set of foreign nations. Many of those foreign nations already apply their own price controls. Some in the free market sphere of influence rightly wrote off such proposals as a non-starter. Some, however, like Sens. Josh Hawley (R-Mo.) and Rick Scott (R-Fla.) tried to...

APPL Just Saved $14B In Tax. Can the Tax System Be Saved?

Ruth Mason, The Hill

To make business safe for American companies abroad, and to secure its own tax revenue, the United States must cooperate to reform international tax.

How Misleading PPP Coverage Could Cost Us Jobs

Travis Nix, Washington Examiner

More people could be out of work soon because of misleading reports about America's most successful economic relief program.

Judy Shelton's Imperiled Nomination to Federal Reserve

Ralph Benko, Newsmax

Trump Nominee Judy Shelton's Imperiled Nomination to the Fed

Trial Lawyers Are Looking to Profit Off C19 In NY

Post Editorial Board, New York Post

New York trial lawyers, and the lawmakers who drool for their donations, see a fresh chance to cash in big on the coronavirus crisis with two horrific pro-lawsuit bills slithering through the Legislature that would wallop taxpayers, businesses and consumers.

Covid-19 Made Coins Disappear

Nicholas Anthony, Foundation for Economic Education

Paul Romer's Simplistic C19 Plan

James Hanley, American Institute for Economic Research

Paul Romer’s plan for reopening America (his title, not mine) is a call for vastly increased testing, so we can find and isolate people infected with the novel coronavirus, in order that we can expand economic reopening and make the economy as functional as possible until such time as a vaccine is approved.

The Greatest Danger Investors Face

Ben Carlson, A Wealth Of Common Sense

Benjamin Graham on the most dangerous place to be as an investor.

The Hidden Risk In Your S&P 500 Index Fund

Brett Arends, MarketWatch

You're taking a bet you may not fully realize

How Schools Beat Earlier Plagues And We Can Too

Ginia Bellafante, New York Times

A century ago, children in New York City attended classes during a pandemic. It seemed to work.

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

Who's Being Over Served By Wall Street Today?

Ben Hunt, Epsilon Theory

The investors facing a hangover are small family offices, plied with endless offerings of fee-heavy SPVs and SPACs by multi-billion dollar asset managers.

The Economy & Markets Are In Deep Trouble

Douglas A. McIntyre, 24/7 Wall St.

The equity markets will start to fall as parts of the economy shut down again and it becomes clear that as many as 15 million lost jobs cannot be replaced.

Market Sentiment Is....Confused

Jason Goepfert, SentimenTrader

Two common sentiment indicators are in complete conflict

Caution: Much More Social Media Ahead

Om Malik, OM

Over the past few months, as we have been struggling to cope with the pandemic lockdown, we have turned to social media in large numbers.

China Has Blown An Historic Opportunity

Arvind Subramanian, Project Syndicate

In the wake of the COVID-19 pandemic, China could have become the development bank, central bank, and medical supplier to the world. By choosing unprovoked aggression over enlightened generosity, President Xi Jinping's regime has squandered that historic opportunity and possibly also revealed its true character.

Investment Banks Are Back, Baby!

William Cohan, Vanity Fair

Trading and underwriting are up at Goldman and Morgan Stanley, while memories of the 2008 financial collapse fade. “This is not a normal recession,” says Jamie Dimon.

10 Investment Implications of a Weak Dollar

Bryce Coward, Knowledge Leaders Capital

With the US dollar index recently having completed a so called "death cross", we thought it would be a good opportunity to review the investment implications of a potential trend change in the USD.
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