There’s downside risk to Friday’s payrolls. But Delta won’t derail a productivity-led boom.
Donald L. Luskin
On the July FOMC
Wednesday, July 28, 2021
Was the use of the word "substantial" a little too insubstantial? Points to a split Committee.
Are Stocks and Bonds Actually Agreeing with Each Other?
Monday, July 26, 2021
Yes: Bond yields topped out when Biden abandoned Modern Monetary Theory.
No, We Still Don’t See $100 Oil
Tuesday, July 6, 2021
And no, it’s not “the end of OPEC.” It’s in Saudi’s interest to make it right with UAE.
On the June Jobs Report
Friday, July 2, 2021
A new wrinkle: workers are quitting to get the “new worker premium” elsewhere.
$100 Oil?
Monday, June 28, 2021
For the moment Saudi dictates prices, and they say “it’s my job” to stop a “super-cycle.”
On the June FOMC
Wednesday, June 16, 2021
Did the FOMC just say the economy will grow faster without massive new federal spending?
On the May Jobs Report
Friday, June 4, 2021
The good news for next month: many states are halting paying more not to work than to work.
Earnings Versus the Bubble
Wednesday, May 26, 2021
The rate of forward earnings upgrades has only been this high three times in history.
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.