It's plain to see in the data. The recovery isn't jobless, it's expansion-less.
Donald L. Luskin
Focus Report: The Train Wreck in Hours Worked
Wednesday, June 2, 2010
There can be no classic "V-shaped recovery" when this time is so horribly different for labor.
The Panic Abates -- But Now What?
Thursday, May 27, 2010
Euro-panic isn't the end of the world. But the world we face isn't the one we expected.
So Much For The "V"
Friday, May 21, 2010
An "expansionless recovery" in a world of "no exit" from government stimulus.
Gold at New Global Highs
Thursday, May 13, 2010
Europe is patient-zero, but the breakout in gold is a flight from currencies worldwide.
Europe Gets le TARP
Monday, May 10, 2010
A painful lurch toward European federalism, but it's not clear it will restore confidence.
On the April Jobs Report
Friday, May 7, 2010
The duality continues: growing employment and growing unemployment at the same time.
Gold is the Strongest Currency
Thursday, May 6, 2010
Thanks to Greece it's at all-time highs in euros -- but why is it surging in dollar terms, too?
On Q1 2010 GDP
Friday, April 30, 2010
A weak quarter: no "new normal," but no "V-shaped recovery" either.
On the April FOMC
Wednesday, April 28, 2010
The Fed had nothing to say, so it said nothing. So it's no exit as far as the eye can see.