The rate of forward earnings upgrades has only been this high three times in history.
Donald L. Luskin
On the April Jobs Report
Friday, May 7, 2021
Last year we were “running out of workers.” Now we are running out of willing workers.
Can Oil Survive Iran After All?
Friday, April 30, 2021
An improbable rapprochement between Iran and Saudi could absorb a flood of new supply.
On Q1 GDP: Missed It By That Much!
Thursday, April 29, 2021
Less than 1% off the pre-pandemic output peak with only 95% of the workforce. Boom!
On the April FOMC
Wednesday, April 28, 2021
Tapering not a conversation, and a seemingly silly question about the homeless isn’t silly at all.
Regime Change for the Equity Risk Premium?
Monday, April 19, 2021
Post-Covid productivity and the Fed drops the Phillips Curve. More growth, fewer recessions.
Now That We Are In a Boom, Can We Please Declare the Recession Over?
Monday, April 5, 2021
Don’t worry that the NBER hasn’t called the end of the recession. Worry when they do!
Corporate Covid ‘Windfalls’ Are a Myth
Thursday, April 1, 2021
Some big companies rose to the occasion during the pandemic and did well. But there were losers too.
On the March Jobs Report
Thursday, April 1, 2021
It’s so simple: reopen the economy. Looking ahead, the latest stimulus may hurt jobs growth.
On the Coming Corporate Tax Hikes
Wednesday, March 31, 2021
Funding infrastructure with corporate tax hikes isn’t stimulus – it’s just a hit to earnings.