08/03/2020
Today Charles Gasparino, NYP Between the federal government and the Federal Reserve, about $10 trillion has been pumped into the US economy to prevent a pandemic-fueled economic collapse. Judging by the stock market, you would think we've sidestepped a 2008-size disaster. |
Market Minder, Fisher Investments The dollar's last couple of months aren't all that extraordinary once you put them in context. |
Kenneth Romero, The Hill Congress needs to provide small-area, cost-of-living adjustments for this and all COVID-19 relief payments, personal income tax brackets, and cash or near-cash benefits to fairly account for disproportionate burdens on the urban poor and other city and high-cost area dwellers. It is the equitable thing to do. |
Jeff Sommer, The New York Times A new study finds that hot mutual funds generally don't keep outperforming from year to year, overturning an important finding from the 1990s. |
Mark Hulbert, MW Tesla would be the latest example of how inclusion in the S&P 500 weakens a company's stock performance |
John Tamny, Forbes The world is upside down, and nothing is at it once seemed. |
Jordan Weissmann, Slate Automatic stabilizers: learn them, live them, love them. |
Jeff Nelligan, The Daily Caller There's one tactic every political operative in the Swamp should practive if they want to get ahead â?" always volunteer. |
Christy Bieber, Motley Fool When you retire and are no longer getting a paycheck, you need to replace the income your employer used to provide you. As you set retirement goals, determining how much of your income you need to replace is key – especially as most people's spending changes in retirement. |
Michael Moskowitz, Washington Examiner If we want to support and expand manufacturing and high-tech jobs in the United States, policymakers must create the conditions that address declining foreign investment numbers. |
Chuck DeVore, Fox News One of President Trump's most important accomplishments in office has been the energy revolution that has led to sharply increased oil and natural gas production and job creation in the U.S. |
Steven Strauss, USA Today More Americans have been killed by the COVID-19 pandemic than in the Korean, Vietnam, Iraq and Afghanistan wars combined, and the carnage hasn’t ended. Corporate bankruptcies are increasing, the second quarter Gross Domestic Product just plunged a record 32.9% from the previous quarter, and resumption of normal activities is not on the immediate horizon for most people. So the recession will be with us until we have a vaccine and the pandemic ends — likely another year. What will the economy look like on the other side of... |
Brad McMillan, Commonwealth Financial Network |
Jerry Bowyer, Vident Financial |
Liz Ann Sonders, Charles Schwab The Fed left rates unchanged near-zero, as expected, while emphasizing that "the path of the economy will depend significantly on the course of the virus." |
Brad McMillan, Commonwealth Financial Network |
Brian Wesbury & Robert Stein, First Trust Advisors |
Jerry Bowyer, Vident Financial The data below from the Bureau of Labor Statistics show which sectors have the highest and lowest unemployment rates. As of this writing, overall unemployment is an uncomfortably high 11.2%, but that's for all sectors combined. When you break out the different sectors, you see that this can range from almost 40% in leisure and hospitality to about 10% and under for construction, manufacturing, education and health. |
Paul Krugman, The New York Times The right has made irresponsible behavior a key principle. |
Douglas A. McIntyre, 24/7 Wall St. The earnings of two of the most dominant tech companies in America showed that the middle class has money to spare, even when tens of millions of Americans are out of work. Big tech has not merely held on financially. It has flourished. |
Diane Coyle, Project Syndicate Though the tech monopolists may capture significant short-term gains from the accelerating shift online, the recent congressional antitrust hearing showed that they can no longer avoid the harsh glare of the political spotlight. |
Julie Segal, Institutional Investor PE firms are flush with cash and kicking off a buying spree as they take creative approaches to deal-making. |
John Rekenthaler, Morningstar Their future is becoming decidedly uncertain. |
Judd Legum, Popular Information The CEO and other insiders were buying shares while negotiating with the government. |
Bill McBride, Calculated Risk The US did a little better in Q2 but the EU may be the better bet for the rebound. |
Barry Ritholtz, The Big Picture You know the expression, "Off the charts?"I think many people do not truly understand exactly what that phrase means. |
Brett Arends, MarketWatch Bulletproof investing could be back in style |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Ben Carlson, A Wealth Of Common Sense Rates are at 200 year lows. Who would buy bonds here? |
Mark Rzepczynski, Disciplined Global Macro Gold is going up and it could be for any number of reasons. Or maybe someone knows something we don't. |
Howard Lindzon, Howard Lindzon This is a post about SPACs. |
Coleman Hughes, City Journal Over a lifetime of scholarship and public engagement, economist Thomas Sowell has illuminated controversial topics such as race, poverty, and culture. |
Michael Humeniuk, Quillette Life in the construction industry. |
Grant Suneson, 24/7 Wall Street As a result of the COVID-19 pandemic, many people have relocated out of large urban areas — either to try to avoid contracting the virus or because the resulting economic fallout cost them their job. While population statistics are not yet available for 2020, plummeting rental prices in many of America’s largest population centers indicate significant population losses. |
Veronique de Rugy, Reason The negative impact of the program is well documented. |
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