Luckily, Powell is in charge of monetary policy, not public health policy.
Donald L. Luskin
When Is Mr. Market Going to Start Worrying About President Biden?
Monday, July 27, 2020
Bidenomics would knock 12% off S&P 500 earnings and give the Fed a new third mandate.
A Second Wave of Lockdowns?
Tuesday, July 14, 2020
Blue California caves to the panic. But virus spread is worst in stoic Red states.
On the June Jobs Report, and Our 2020 Election Model
Thursday, July 2, 2020
Best jobs report ever. But Trump needs another 8 million payrolls by election day.
Fear Factor versus So-What Factor
Monday, June 29, 2020
Ignore words, see facts. Cases are rising, deaths not. Little scope for new lockdowns.
“Spike!” “Surge!” “Precipice!” (Please Check One)
Tuesday, June 16, 2020
The media and the experts who overhyped the first wave are hallucinating a second one.
On the June FOMC
Wednesday, June 10, 2020
A big nothing. And nothing new from the Fed is the right thing to keep confidence strong.
Do Equities Have a Valuation Problem?
Tuesday, June 9, 2020
The risk premium is near post-GFC lows – but estimate upgrades haven’t even begun.
On the May Jobs Report, and Our 2020 Election Model
Friday, June 5, 2020
The V-shaped recovery is showing even in this lagging data. Not enough for Trump, though.
China Strikes Back
Monday, June 1, 2020
Trump’s Hong Kong response was refreshingly weak, and China will make it even weaker.