The immigration disruption to labor seems to be over. The AI disruption is slowly beginning.
Donald L. Luskin
Predictions for 2026 (And a Very Hot Take on Venezuela)
Monday, January 5, 2026
How to play the sixth year of the post-pandemic productivity supercycle.
On the October/November Jobs Report
Tuesday, December 16, 2025
October’s payroll contraction is a big one – but it doesn’t mean we’re in recession.
2026 Oil Outlook
Thursday, December 11, 2025
Sentiment is about as washed out as it gets. Wall Street sees a crash, we see a bottom.
On the December FOMC
Wednesday, December 10, 2025
The rate cut regime is on pause. But is quantitative easing starting up again?
On the Delayed September Jobs Report
Thursday, November 20, 2025
Nice headline number, but underneath is a tricky combo supply shock and demand shock.
Did We Just See Peak Tariffs?
Monday, November 17, 2025
With “affordability” all the rage, Trump may welcome SCOTUS killing his tariffs for him.
Build It and They Will Come (If You Can Power It)
Friday, November 14, 2025
Natural gas will lead the way among diverse solutions. It may already be priced in.
How to Make Tariffs Inflationary -- and How Not To
Tuesday, November 11, 2025
“Dividends” would be as inflationary as Covid stimulus. Refunds would restart disinflation.
On the SCOTUS Tariff Oral Arguments
Wednesday, November 5, 2025
The three liberals are in the bag to strike down the tariffs. Kavanaugh and Alito are at risk.