Modest positives rule the near term, but inevitable negatives are just over the horizon.
Donald L. Luskin
Update to Our US Equity Forecast
Wednesday, August 23, 2006
Why the bullish short term can only be so good, and why the bearish long term might only be so bad.
If Only It Were This Easy
Friday, August 18, 2006
We're delighted to see stocks up and gold down -- but don't break out the champagne just yet.
Bernanke's Quagmire
Monday, August 7, 2006
The Fed will cause a real recession by trying to prevent an illusory one.
Judgment Day
Thursday, August 3, 2006
Tuesday's FOMC meeting will be pivotal for markets and the economy.
Depending on Undependable Data
Friday, July 28, 2006
Today's GDP report may take away the Fed's "wrong reason" to do the "right thing."
Inflection Point Deflected
Tuesday, July 11, 2006
Equities need the Fed to find the courage and credibility to deal with inflation risk.
The Out-of-Consensus Consensus
Monday, June 26, 2006
Slowdown fears grip Wall Street -- yet analysts' forward earnings are accelerating.
The May 10 Inflection Point
Monday, June 12, 2006
It was the high water mark of inflation expectations and carry trades -- but it's a mistake to think it's going to roll the economy over.