Liftoff deferred again: a jobs miss, downward revisions, falling participation, no wage growth.
Donald L. Luskin
On the June Jobs Report
Thursday, July 2, 2015
On the Greferendum Surprise
Monday, June 29, 2015
Unknown unknowns. But most likely outcome: pro-euro "Yes" vote and back to negotiations.
Greece at the Cliff: Thermopylae Edition
Friday, June 26, 2015
We still think Greece will fold, at the last moment or a little after. But what if it doesn't?
The Oil Crash: One Year from the Peak
Thursday, June 25, 2015
Falling crude prices almost caused a recession. Stabilizing prices are igniting expansion.
On the June FOMC
Wednesday, June 17, 2015
All the dot-plots move down one rate-hike, as the Fed becomes "an object at rest."
On the May Jobs Report
Friday, June 5, 2015
A big beat, but not far below the surface many reasons for the FOMC to do nothing in June.
The Short of a Lifeline
Thursday, June 4, 2015
The back-up in euro area yields is a good thing -- it's all about QE and improving inflation.
The Shale Boom Shifts Into Higher Gear
Monday, June 1, 2015
Oil production is becoming a modern manufacturing process, with frackers using the ‘just-in-time’ approach.
Ms. Yellen, We Don't Quite Agree
Thursday, May 21, 2015
Stocks aren't cheap, but they aren't scary rich. Rising earnings can offset a yield back-up.
Wednesday, May 13, 2015
Rising yields mean we just avoided history's first recession caused by low oil prices.