Six months in the making, Draghi's pet ABS purchase program is an embarrassing flop.
Donald L. Luskin
Failure to Launch at the ECB
Wednesday, December 3, 2014
Buy More Stuff
Friday, November 21, 2014
Dear Mario: All is forgiven. Love, Bundesbank. PS: Big ABS purchases start today
Modeling the 2016 Presidential Election
Wednesday, November 12, 2014
You heard it here first -- GOP by 145 Electoral College votes, and congressional control too.
On the October Jobs Report
Friday, November 7, 2014
Unemployment down, labor force up -- that's "solid." And it makes the Fed effectively easier.
On the ECB November Policy Decision
Thursday, November 6, 2014
Preparations for new easing measures -- while Draghi eases concern about his authority.
On the 2014 Midterms
Wednesday, November 5, 2014
It's a "wave." Now we wait to see how the GOP will govern: for growth, or brinksmanship?
On the October BOJ Policy Meeting
Friday, October 31, 2014
If you can't fire the third arrow, at least first the first arrow a couple trillion more times.
On the October FOMC
Wednesday, October 29, 2014
Almost six years after it was born with a bang, QE dies with a whimper. We won't miss it.
Stop Stressing, Start Lending
Friday, October 24, 2014
Europe's banks have completed six years of massive deleveraging. Enough is enough.
The ECB's Real Agenda
Wednesday, October 22, 2014
Draghi's policies are aimed at supporting reform, not fighting phony emergencies.