06/11/2020
Today Spencer Bokat-Lindell, New York Times The nation is in crisis, but it's not the market's job to care. |
Market Minder, Fisher Investments It is normal for stocks and economic data to deviate as a new cycle begins. |
Grover Norquist, Examiner America must be strong, powerful, rich â?" and lead the world in technology and science. |
Walter Block, RCM Some fair weather friends of free trade have been rethinking their positions in the face of supposed Chinese economic weaponization of pharmaceuticals. They are now embracing managed trade, instead.... |
Laura He, CNN American executives in Hong Kong are nervous about the city's future as a center for global business. For the minority already considering a Plan B, though, Singapore might be the only realistic option. |
John Tamny, RCM A drive down Fairmount or Shaker Boulevard in Cleveland, OH is a revelation. Remarkable house after remarkable house from the early part of the 20th century. Hard as it may be for some to imagine,... |
Adam Brandon, Hill The nation is headed toward more success as business restarts. |
Alison Green, New York Your employer cannot legally penalize you for advocating for different working conditions. That might include milestones that must be met before reopening, safety precautions that are enforced, and continued telework for anyone high-risk. |
Gregory van Kipnis, American Institute for Economic Research With apologies to Friedrich Hayek, I find there is a fatal conceit amongst purveyors of epidemiological information that imply they know more than they can know when forecasting the outlook for a new infection. Of course, we have to do the best we can with limited information, but we should be humble in forecasting and reluctant to support politically inspired prescriptions of how society and the economy should be regulated in the face of uncertainty. We have to be very conservative because, more often than not, the first words out of a politician’s mouth is “what’s the... |
Harold Furchtgott-Roth & Kirk Arner, RCM Reacting to the perceived political bias of certain social media platforms, President Trump recently issued an executive order asking various federal agencies to review "Section... |
Eric Nelson, Servo Wealth Will the Covid stock market decline crush the hopes you have for a comfortable retirement? Keep reading to find out... |
Katie Brockman, Motley Fool The median amount that U.S. workers have saved for retirement is just $50,000, according to a recent report from the Transamerica Center for Retirement Studies. Even among baby boomers – the generation that is currently in the midst of retiring – the median worker only has about $144,000 socked away. For many, that amount of money likely will be depleted after just a few years in retirement. |
Russell Redenbaugh & James Juliano, Kairos Capital Management |
Martin Pring, Pring Turner Asset Management |
Carrie Schwab-Pomerantz, Charles Schwab How do you manage money in times of crisis? Carrie Schwab Pomerantz recently answered a range of questions from Redditors. Here are three more. |
Steve Englander, Standard Chartered |
Solomon Teller, Green Harvest |
Brian Wesbury & Robert Stein, First Trust Advisors |
Ron Lieber & Tara Siegel Bernard, New York Times Economic equality is crucial to racial equality. But at nearly every stage of their lives, black Americans have less than whites. |
Harry Holzer, The Hill We all hope for a rapid, sustained and evenly spread recovery in the months ahead, and we should all cheer for such news when we see it. At the same time, we cannot close our eyes to ongoing economic pain and uneven recovery. A sensible package of supports, that adapts to changes in need whenever and wherever they occur, is the right way forward. |
Veronique de Rugy, American Institute for Economic Research Economist Robert Higgs is well known for showing that government grows according to a ratchet effect: Government expands rapidly during a crisis and then recedes after the crisis is over, but it does not return to the pre-crisis level of involvement in our lives. But at this point, we need to expand the concept to include the fact that each time a crisis arises, the size of government’s response gets bigger and bigger, thus making ever more unlikely a return to pre-crisis size. |
Brett Arends, MarketWatch But if you?re 45 to 64, a new study says there?s some good news on the horizon |
Alex Muresianu, Arc Digital Pandemic Economics: A framework for understanding economic policy right now. How does coronavirus affect tax rates, stimulus, aggregate supply and demand? |
Michelle Toh, CNN HSBC is learning just how tough it is to please both China and the West. |
Phillip Magness, American Institute for Economic Research The problem of causal inference presents one of the great challenges of empirical analysis. While it is relatively easy to find patterns in data that appear to move over time in response to overlapping events, it is much harder to show that those events specifically caused the data to move as expected. Think about how presidents often cite positive economic data such as GDP growth or the stock market as vindication of their own economic policies. Prior to early March 2020 this was a favorite tweeting topic of Donald Trump, although his predecessors almost all made similar claims.... |
Seth Cohen, Forbes On Tuesday, America?s top infectious disease expert warned that the pandemic is still in its infancy. Is anyone listening? |
Mark Hulbert, MW Favor stocks over bonds as long as current buying trends continue |
Julia Horowitz, CNN Two pieces of news have put the disconnect between markets and the real economy into stark relief. |
Phil Goldberg, The Hill It is time for Congress to put America's safety and recovery ahead of predatory lawsuits. |
Ben Casselman, New York Times The pandemic has complicated the usual methods and models for compiling employment data. But uncertainty has been offset by transparency. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Tom Gara, Buzzfeed After a terrifying spring spent in lockdown and a summer of protests in the streets, things are going to get a lot worse in the fall. |
Macromon, Global Macro Monitor Bears can’t win the long-game, the probabilities are stacked against them as stocks (DJIA) have generated positive returns for almost 70 percent of the last 100 years |
Nick Maggiulli, Of Dollars & Data On the many levels of class and privilege within the United States. |
Amy Whyte, Institutional Investor Institutional investors reported a burst of optimism about the economy in II's weekly Fear Index. |
Kemal Dervis, Project Syndicate While some degree of deglobalization may be desirable today, this process also carries grave risks, from skyrocketing production costs to geopolitical conflict. The only way to mitigate those risks is through enhanced multilateral cooperation. |
Susan Dziubinski, Morningstar These stocks are all extremely overvalued by our standards--and carry a good deal of uncertainty, too. |
Joseph Calhoun, RealClearMarkets Have we entered a new bull market? Was the 35% pullback in the S&P 500 in March the fastest bear market in history? Or is this just a continuation of the bull market that started in 2009,... |
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