Trade, monetary and tax policy risks all abated last week: good news for stocks.
Donald L. Luskin
Quick Takes
Thursday, June 23, 2005
Oil, inflation plays, Social Security, global warming and China.
The King of Carry Trades
Tuesday, June 14, 2005
The carry trade with the best mark-to-value and the most valuable optionality is the one that no one is doing.
Efficient Equals Wrong
Friday, June 10, 2005
We aren't buying the stories the "efficient" bond market is telling, and either is Greenspan.
Listen Up
Thursday, June 2, 2005
Stocks are telling us that inflation risk is moderating, rates are rising, and that growth will be steady.
Ducked Bullets
Friday, May 20, 2005
Risks to equities are improving, and so are prices -- yet stocks are as cheap as ever.
Valuation Brinksmanship
Thursday, May 12, 2005
Stocks have pulled back from a value abyss -- shades of March, 2003.
Department of Corrections
Wednesday, May 4, 2005
The FOMC corrected its statement yesterday -- but when will the Fed correct the bond market.