No sign of recession here. With the Fed promising to slow down, good news is good news.
Donald L. Luskin
On Powell at Brookings
Wednesday, November 30, 2022
The chair made two small but important (and dovish) concessions to reality.
“Zero Covid” Protests? Zero Importance.
Tuesday, November 29, 2022
Mostly a media confection, the protests shouldn’t suppress stocks or oil prices.
How Trump’s Red Wave Got Aborted
Monday, November 14, 2022
The quantitative proof is in. Trump and the SCOTUS Roe decision decided the mid-terms.
Our Hot Take on the Mid-Terms
Wednesday, November 9, 2022
Assuming Laxalt wins Nevada, it’s a 50-50 Senate. Again it’s all down to Georgia and Trump.
On the November FOMC
Wednesday, November 2, 2022
Acknowledging lags is important, but it’s no pivot. It’s a gift of time for inflation to fall further.
Equity Risk Premium: Regime Change Accomplished
Tuesday, October 25, 2022
It doesn’t mean stocks are expensive: just that there was an historic bear market in bonds.
Or How I Learned To Love September CPI
Thursday, October 13, 2022
By most measures, the reality remains that inflation has peaked. The Fed likely doesn’t care.
On the September Jobs Report: Dear God, What Does Powell Want?
Friday, October 7, 2022
The weakest payrolls this year, and 1.8 million openings gone. Is the labor market still tight?
It’s Starting to Feel a Lot Like Brexit
Wednesday, September 28, 2022
Another phony politicized media narrative, when stocks and bonds are deeply undervalued.