Sure, the size of the balance sheet is holding steady, but leaving riskier assets in the market will slow growth.
Donald L. Luskin
China the Currency Manipulator, and So What?
Tuesday, August 6, 2019
A toothless move, but it shows Trump no longer cares about scaring the stock market.
RMB Breaks 7: Is this “the Edge of Chaos”?
Monday, August 5, 2019
Trump will take a great deal now, not just a good one. China may be forced to offer it.
On the July Jobs Report
Friday, August 2, 2019
An ordinary July, except that it kicks off the eleventh year of the business cycle expansion.
On the New China Tariffs
Thursday, August 1, 2019
The risk isn’t the tariffs – it’s that they could push RMB through 7, and collapse oil prices.
On the July FOMC
Wednesday, July 31, 2019
One small step for the Fed. It should have been a giant leap. Then there was that gaffe...
FOMC Preview: 25 or 50?
Friday, July 19, 2019
Increase accommodation (don’t decrease tightening). Save the expansion. Blame Trump.
On the June Jobs Report
Friday, July 5, 2019
Reassuring, but too good to be entirely true. Nothing in it will put the Fed off its dovish course.
On the Trump/Xi Osaka Meeting
Saturday, June 29, 2019
The two preconditions for a deal are now met: pressure is higher and the sides are talking.
Quick Thoughts on the Road to Osaka
Thursday, June 27, 2019
Trump and Xi come in maximum threat postures, but hints of compromises and off-ramps.