As we expected, an ABS purchase scheme -- along with a surprise rate cut (the last one).
Donald L. Luskin
On the ECB August Policy Decision
Thursday, September 4, 2014
Attack of the 15 Basis Point Deflation Monster
Tuesday, September 2, 2014
A dubious deflation emergency in Europe isn't justification for such low US Treasury yields.
Whatever It Takes Comes to Jackson Hole
Monday, August 25, 2014
Off-script again -- Draghi drops a QE bombshell at the Fed's conference.
On Yellen at Jackson Hole
Friday, August 22, 2014
Unemployment is cyclical. No, it's structural. Wait -- it's both!
So Close to Recovery, So Close to Doom
Thursday, August 7, 2014
QE is coming to the euro area as bank lending recovers, and trade war with Russia loom.
On the July Jobs Report
Friday, August 1, 2014
Markets are in a tantrum about the end of QE and ZIRP -- this jobs report won't slow the Fed.
On the July FOMC
Wednesday, July 30, 2014
Yellen's first hawkish dissent. But under her "optimal control," it couldn't matter less.
Whatever It Takes Turns Two
Friday, July 25, 2014
The greatest central bank intervention that was never made -- it ended the end of the world.
Friday, July 18, 2014
Putin likes looking evil, but not stupid. The tragedy will likely cool things down in Ukraine.
The Low Hanging Fruits of Our Labor
Tuesday, July 15, 2014
Short-term unemployment has all but vanished -- long-term is on the way down now, too.