Stocks are priced neither for the best nor the worst policy outcomes.
Donald L. Luskin
A Whiff of Windfall Profits Taxes
Thursday, November 17, 2005
Extending the 2003 tax cuts is now complicated by an accounting penalty on big oil.
Beyond Disappointment
Friday, November 11, 2005
Why do stocks hang tough while the Republican pro-growth consensus continues to unravel?
A Setback for Extending the 2003 Tax Cuts
Wednesday, November 9, 2005
Grassley's retreat to only one-year extension may be part of a broader retreat for pro-growth policy.
Quick Takes
Thursday, November 3, 2005
Energy and consumer themes, Bush one year after, looking to 2006, and extending the 2003 tax cuts.
Quag Miers for the Fed
Monday, October 24, 2005
Handicapping how a dysfunctional White House will select the next Greenspan.
Attack of the Kohn-heads
Wednesday, October 12, 2005
The emergence of deficit-hawks on the FOMC presents a new prospect for monetary policy risk.
What's Spooked Stocks?
Friday, October 7, 2005
Already nervous stocks have been discounting deepening political risks.
Played Out
Wednesday, October 5, 2005
The pro-energy and anti-consumer consensus is ripe for reversal.
Monetary Step Forward, Fiscal Step Backward
Thursday, September 29, 2005
Grassley puts tax cuts at risk, while Greenspan gives himself one more vote.