The Ukraine uproar may make both Trump and Xi want to defer a deal till after the elections.
Donald L. Luskin
On the September FOMC
Wednesday, September 18, 2019
The worst of the “heightened uncertainties” is that the Fed is more at sea than ever.
Don’t Panic Over the Saudi Attack and the Oil Supply
Wednesday, September 18, 2019
OPEC would have had to cut output anyway, given the dramatic increase in American production.
The Oil Glut Even Drones Couldn’t Fix
Monday, September 16, 2019
Not how we expected Saudi production to be curbed to accommodate a Permian surge.
China’s Currency Crisis is Over... Yuan to Bet?
Wednesday, September 11, 2019
Nice to see risk-back-on. We doubt Trump – with his new enabler Bill Dudley – will let it last.
On the August Jobs Report
Friday, September 6, 2019
A big miss, but strongly rising wages. It’s too tough a puzzle for the FOMC to solve.
On Powell at Jackson Hole, and Over the Edge with China
Friday, August 23, 2019
“Trade uncertainty” got bigger today. Powell doesn’t realize how tight that makes the Fed.
On Trump Playing the Hong Kong Card
Thursday, August 15, 2019
Hong Kong is an existential pressure point for China, and Trump is starting to push on it.
Never Let a Good Currency Crisis Go to Waste
Wednesday, August 14, 2019
The curve inverts, with RMB (and Hong Kong’s airport) at the edge of chaos.
Despite the Gloom, Still a Shale Boom
Tuesday, August 13, 2019
The US has captured all the oil demand growth of the last three years. Onward and upward.