Worst squeeze ever. But even today’s demand can’t be supplied at twice these prices.
Donald L. Luskin
Make America Open Again
Friday, April 17, 2020
The public is starting to fear poverty more than the virus. Politicians will have to listen.
On the March Jobs Report, and Being In Recession (Whatever that Means)
Friday, April 3, 2020
This is an utterly unique “shock” recession. If it is brief, the recovery will be strong and swift.
How Low Can Oil Go?
Monday, March 30, 2020
Oil is caught in a storage and finance squeeze, but the world can’t be supplied at $20.
On the Fed’s Massive Intervention
Monday, March 23, 2020
It blunts the systemic edge of the crisis, but it takes the pressure off the Senate.
Worst Coronavirus Idea: A Ban on Share Buybacks
Monday, March 23, 2020
They’re good for ordinary investors and for economic growth.
Are You Feeling Stimulated Yet?
Wednesday, March 18, 2020
Is it an experiment in Modern Monetary Theory? Or an experiment in inflation?
Powell Flails Again: Wuhan Flu Over the Cuckoo’s Nest
Sunday, March 15, 2020
The Fed acts like it has all the answers, but Powell can’t remember the questions.
Is the Oil Shock Over Already?
Tuesday, March 10, 2020
Yesterday’s collapse got Saudi and Russia trash-talking – but that means they’re talking.
Just What We Didn’t Need: An Oil Price War
Sunday, March 8, 2020
Saudi and Russia have a falling out. This is the systemic threat we’ve been warning about.