Massive revisions make a beat out of what looks like a miss, while earnings revised lower.
Donald L. Luskin
On the September Jobs Report
Friday, October 5, 2018
On the September FOMC
Wednesday, September 26, 2018
Short-term the Fed is optimistic. Long-term, it fears secular stagnation lives on.
The Fault is in R-Star
Monday, September 17, 2018
The "lambda-g" parameter says three extra rate hikes. Powell is right to be very skeptical.
Mid-terms: Animal Spirits on the Ballot
Tuesday, September 11, 2018
A referendum on whether America is glad it got exactly what it wanted. Can we stand more?
On the August Jobs Report, and the Wage Conundrum
Friday, September 7, 2018
The jump in earnings growth is illusory. Nothing here to make the Fed more hawkish.
On Powell's Debut at Jackson Hole
Friday, August 24, 2018
A clarion call for humility, caution and skepticism from our non-economist Fed chair.
On the Cohen Plea Deal
Wednesday, August 22, 2018
It's the Clinton impeachment all over again: Trump is accused of lying about sex.
No Pardon for This Turkey
Tuesday, August 14, 2018
Turkey is a hostage in the US-China trade war. Trump has to show he's willing to shoot it.
On the July Jobs Report, and the Education Dividend
Friday, August 3, 2018
A beat that looks like a miss. Thanks to leaps in education, the labor force can continue to grow.
On the August FOMC
Wednesday, August 1, 2018
The strong economy has strengthened strongly. Did I mention it is really strong?