06/25/2020
Today Lakshman Achutan & Anirvan Banerji, CNN With the economy officially in the deepest recession in living memory, the stock market's ongoing rally can seem baffling. Yet, the market upturn makes perfect sense if you understand the historical relationship between stock price cycles and business cycles. |
Mark Decambre, MarketWatch Flare ups of COVID-19 cases in the U.S. are delivering a fresh gut check to Wall Street?s bullish demeanor, since its unprecedented rebound from a... |
Market Minder, Fisher Unprecedented joblessness is an after-effect of economic damage, not a prelude for more. |
Steven Malanga, City Journal Development projects are converting America's faded retail structures into livable space. |
Lily Batchelder, New York Times How to tax inheritances more fairly. |
Rich Karlgaard, Forbes ServiceNow is the world's hottest enterprise software company. In this Q&A, learn why CEO Bill McDermott thinks NOW will be the defining enterprise software company of the 21st century. And how losing an eye, and nearly his life in 2015 has given him a clearer vision. |
Sophie Madeline Dess, The New Republic What life as a part-time receptionist taught me about the pre-pandemic elite |
George Landrith, RCM After months of sheltering in place, Americans are finally returning to their favorite restaurants, stores, and barbershops. As of June 1, all 50 states have started to reopen.We may not know what... |
Catherine Brock, MF Are you banking on Social Security to care for you in your senior years? Here's the cold, hard truth: While Social Security does promise retirement income, it very likely won't be enough to support the lifestyle you want. The program simply wasn't designed that way. Social Security is, and always has been, a supplementary source of income that usually covers 30% to 50% of your lifestyle needs. |
J.P. Koning, American Institute for Economic Research |
Veronique de Rugy, TAS The Payroll Protection Program, or the PPP, is the crown jewel of the Coronavirus Aid, Relief and Economic Security Act's... |
Thomas Showalter, The Hill Recently passed relief packages lack the scale and vision needed to help the more than 44 million Americans who have filed unemployment claims. |
Jeff Troutner, Equius Partners |
Howard Husock, Manhattan Institute How did a change in Chinese policy make recycling in the U.S. no longer financially feasible? A new report examines the cost-benefit analysis of recycling. |
Jerry Bowyer, Vident Financial |
Jerry Bowyer, Vident Financial |
Allison Schrager, Manhattan Institute |
Wayne Crews, Competitive Enterprise Institute I remembered wondering in 2017 whether the federal government would be larger or smaller after four years of Trump. The debt has now topped $25 trillion and the deficit alone will top $4 trillion, a figure that, incredibly, is higher than all federal outlays as recently as 2015. In the meantime, President Trump can and should use a meataxe on regulation unilaterally. |
Nicole Gelinas, NYP NYC's government and real-estate industry have a common purpose: to keep real-estate prices high. City Hall wants tax dollars. The industry needs high prices to avoid defaulting on debt. But what Gotham needs right now may be the opposite: lower prices. |
Paul Brandus, MarketWatch Don't get forced into a corner |
Kirsty Peev, U.S. News THIS YEAR STARTED ON A positive note for most investors; 2019 provided stellar returns for almost all asset classes and at the start of the year, it appeared those gains would continue. But we all know what happened next. An extremely fast and deep bear market, widespread business closures and record unemployment damaged the economy. |
David Gelles, The New York Times Many claim their employees are hyper efficient while working from home. But there are social and emotional costs to ambition in isolation. |
Danielle Wiener-Bronner, CNN Restaurants are reducing their menus to streamline their operations amid the coronavirus pandemic. |
Matt Weidinger, Washington Examiner A major battle is brewing in Congress over whether to extend the $600 federal bonus added to weekly unemployment checks. The bonus, created in March to "make whole" the workers laid off due to the coronavirus lockdowns, expires at the end of July, but efforts to extend it are already turning into a battle to expand unemployment benefits well into the future, long after the pandemic has ended. |
Michael Munger, American Institute for Economic Research In recessions, people ask: “Where did the wealth go?” For example, it was estimated that between 2006 and 2009 “homeowners’ equity has fallen by over 50 percent, or about six trillion dollars.” Well, that’s a lot of wealth. Where did it go? The common, but naive, answer is “Rich people took it; in fact, that’s how they got rich in the first place!” Given that most of the wealth was lost by “rich people,” who disproportionately own stock or the other assets whose values fell, that seems unlikely. This view takes wealth as fixed,... |
Naotaka Matsukata, The Hill The U.S. must lead the way to an orderly global distribution of the COVID-19 vaccine. |
Ralph Benko, Newsmax The Democratic Party platform is doubling down on democratic socialism while the Republicans stick to mere slogans. |
Brad Polumbo, Foundation for Economic Education President Trump’s political future has been closely intertwined with the economy’s success since his first day in the White House. Now that the COVID-19 pandemic and ensuing government-mandated societal shutdown have sent the economy spiraling into a recession, the president’s hopes of reelection this November largely depend on convincing voters that only he can oversee a strong recovery. |
Beth Akers, Economics21 When the Covid pandemic hit, it hit hard and fast. To their credit, Congress responded as quickly as almost anyone could have imagined, with generous spending designed to put the nation’s economy on ice as the pandemic heated up. The goal was to mitigate the devastation caused by the abrupt halt in supply caused by closures. But some of those initial efforts had an expiration date and it’s coming soon. Many of the provisions created to aid Americans and businesses at the time of the onset of the crisis will expire at the end of July. While the widespread closures initially... |
Steve Caldeira & Jay Timmons, The Hill While many were asked to stay at home, most manufacturers remained open, carefully implementing new protocols to keep workers and communities safe. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Rusty Guinn, Epsilon Theory Everything is permissible, but not everything is beneficial. |
Leanna Orr, Institutional Investor Volatility trades which have caused major losses at hedge and pension funds alike are the toxic subprime mortgages of the Covid Crash. |
Greg Rosalsky, NPR A blockbuster new study digs into the economics of the pandemic. |
Nouriel Roubini, Project Syndicate The historic protests sweeping America were long overdue, not just as a response to racism and police violence, but also as a revolt against entrenched plutocracy. With a growing number of Americans falling into unemployment and economic insecurity, while major corporations take bailouts and slash labor costs, something had to give. |
John Rekenthaler, Morningstar An offer that most investors should refuse. |
Ben Carlson, A Wealth Of Common Sense A look back at how often the US sees high inflation. |
Amy Whyte, Institutional Investor The long-term effects of the pandemic are not reflected in current stock prices, according to the II Fear Index. |
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