A big nothing. And nothing new from the Fed is the right thing to keep confidence strong.
Donald L. Luskin
Do Equities Have a Valuation Problem?
Tuesday, June 9, 2020
The risk premium is near post-GFC lows – but estimate upgrades haven’t even begun.
On the May Jobs Report, and Our 2020 Election Model
Friday, June 5, 2020
The V-shaped recovery is showing even in this lagging data. Not enough for Trump, though.
China Strikes Back
Monday, June 1, 2020
Trump’s Hong Kong response was refreshingly weak, and China will make it even weaker.
How Worried Should We Be About Hong Kong?
Thursday, May 28, 2020
Neither the US nor China will risk a vicious cycle of tit-for-tat in the post-pandemic world.
On the April Jobs Report, and Our 2020 Election Model
Friday, May 8, 2020
The payroll shock turns the model’s bet from Trump to Biden. Or is it just broken?
After the Crisis, the Work Begins
Monday, May 4, 2020
Equities haven’t already discounted a V-shaped recovery – but more upside depends on it.
On the April FOMC
Wednesday, April 29, 2020
Powell had nothing to say – but what he said anyway was as helpful as it could be.
On the WTI Crash
Monday, April 20, 2020
Worst squeeze ever. But even today’s demand can’t be supplied at twice these prices.
Make America Open Again
Friday, April 17, 2020
The public is starting to fear poverty more than the virus. Politicians will have to listen.