A new wrinkle: workers are quitting to get the “new worker premium” elsewhere.
Donald L. Luskin
$100 Oil?
Monday, June 28, 2021
For the moment Saudi dictates prices, and they say “it’s my job” to stop a “super-cycle.”
On the June FOMC
Wednesday, June 16, 2021
Did the FOMC just say the economy will grow faster without massive new federal spending?
On the May Jobs Report
Friday, June 4, 2021
The good news for next month: many states are halting paying more not to work than to work.
Earnings Versus the Bubble
Wednesday, May 26, 2021
The rate of forward earnings upgrades has only been this high three times in history.
On the April Jobs Report
Friday, May 7, 2021
Last year we were “running out of workers.” Now we are running out of willing workers.
Can Oil Survive Iran After All?
Friday, April 30, 2021
An improbable rapprochement between Iran and Saudi could absorb a flood of new supply.
On Q1 GDP: Missed It By That Much!
Thursday, April 29, 2021
Less than 1% off the pre-pandemic output peak with only 95% of the workforce. Boom!
On the April FOMC
Wednesday, April 28, 2021
Tapering not a conversation, and a seemingly silly question about the homeless isn’t silly at all.
Regime Change for the Equity Risk Premium?
Monday, April 19, 2021
Post-Covid productivity and the Fed drops the Phillips Curve. More growth, fewer recessions.