Unless his goal is to create confusion, he’s really not very good at this Fed chair thing.
Donald L. Luskin
On the January Jobs Report, and US Services PMI
Friday, February 3, 2023
A blockbuster – or a “yes, but…”?
On the February FOMC
Thursday, February 2, 2023
One word means one and done. It’s now not about the “pace” but the “extent” of hikes.
Surprises of 2023 Volume 4: Global Allocation, and the China Question
Tuesday, January 24, 2023
Europe is done. US bonds will beat stocks (both will do well). China is the last value frontier.
Surprises of 2023 Volume 2: Oil Demand, With or Without EVs
Wednesday, January 11, 2023
Demand will surprise on the upside, while supplies are kept artificially tight
On the December Jobs Report, and Services PMI
Friday, January 6, 2023
If you believe that bad news is good news, this was a good morning. Or was it?
Surprises of 2023 Volume 1: From Inflation to Deflation
Tuesday, January 3, 2023
Few expect inflation at-target by summer. No one expects outright deflation.
Recession? No Thanks, We’ve Already Had One
Friday, December 30, 2022
Our reflections on a complex and difficult 2022. We had our wins, we had our misses.
On the December FOMC
Wednesday, December 14, 2022
Markets aren’t buying the new higher dots. Despite appearances, the Fed got the memo.
On November CPI – Inflation Definitively Peaks
Tuesday, December 13, 2022
Will Powell accept the good news? It doesn’t matter. He’s already pledged to slow down.