Lots of noise from revisions, and no coronavirus effects yet. But it was a solid beat.
Donald L. Luskin
Is Coronavirus a Chinese Bio-Weapon?
Monday, February 3, 2020
Definitely. Possibly. Uh, you can’t rule it out. Well, not really. OK, it’s a US bio-weapon.
On the January FOMC
Wednesday, January 29, 2020
We don’t get it. Spending is slower, inflation is decelerating. Yet the Fed hiked rates today.
The Fed Pretends to Listen
Wednesday, January 29, 2020
Central bankers insist on promoting inflation. What we’ve got here is failure to communicate.
Another Damn Export from China
Monday, January 27, 2020
Just when China avoided a recession, it may have to cause one to prevent a pandemic.
Trump’s “Beautiful Monster”
Thursday, January 16, 2020
More than just a phase. The deal is designed to create enough of a boom to re-elect Trump.
On the December Jobs Report, and the Triumph of Trickle Down
Friday, January 10, 2020
A small miss after two big beats. “Fed Listens” has committed the Fed to “hands off” policy.
After Soleimani, What If Peace Breaks Out All Over?
Monday, January 6, 2020
#WWIII is one thing – but taking out Middle East oil capacity is a way to support prices.
2020 Outlook: After a Near-Miss Recession, It’s the Election
Thursday, January 2, 2020
It’s a real risk. Even the moderate Democrats want a tax hike that will crush earnings.
On the December FOMC
Wednesday, December 11, 2019
“Uncertainties” are gone. The Fed is on hold until it sees unwelcome inflation pressures.