Trump “wins” – still the highest tariffs in a century, but no rare earths shock.
Donald L. Luskin
On the October FOMC: Powell to Miran -- "Take a Step Back"
Wednesday, October 29, 2025
Powell dresses down the doves, but markets remain confident they will win.
Trade Deals Large and Small, Real and Unreal
Monday, October 27, 2025
Another not-reset with China. And reciprocal tariffs on nations that don’t tariff us at all.
Hot Take on the Resumed US/China Trade Crisis
Saturday, October 11, 2025
The problem isn’t China’s rare earths export controls. It’s Trump’s reaction.
Gold at $4,000-plus
Thursday, October 9, 2025
The typical explanations for gold's hyperbolic run-up don't cut it. What does? Anything?
On the September FOMC: It's Chaos I Tell You, It's Chaos!
Wednesday, September 17, 2025
Well, other than Miran's "dot plot" for a 2-7/8% funds rate at year end, it was pretty normal.
Trump Can Have Tariff Revenues or Re-Shoring, Not Both
Monday, September 15, 2025
FOMC Preview: A Cut and So What
Monday, September 15, 2025
Jobs data is only troubling enough to get the Fed to do what it said it would do all along.
On the August Jobs Report, and the June Contraction
Friday, September 5, 2025
There’s our September rate cut. And our recession signal -- or is it?
On Miran's Senate Banking Hearing: Triumph of the Weasel
Thursday, September 4, 2025
Not a single question about the dangerous "Users Guide." Confirmation assured.