Nice to see risk-back-on. We doubt Trump – with his new enabler Bill Dudley – will let it last.
Donald L. Luskin
On the August Jobs Report
Friday, September 6, 2019
A big miss, but strongly rising wages. It’s too tough a puzzle for the FOMC to solve.
On Powell at Jackson Hole, and Over the Edge with China
Friday, August 23, 2019
“Trade uncertainty” got bigger today. Powell doesn’t realize how tight that makes the Fed.
On Trump Playing the Hong Kong Card
Thursday, August 15, 2019
Hong Kong is an existential pressure point for China, and Trump is starting to push on it.
Never Let a Good Currency Crisis Go to Waste
Wednesday, August 14, 2019
The curve inverts, with RMB (and Hong Kong’s airport) at the edge of chaos.
Trump Is Right -- the Fed Is Still Tightening
Tuesday, August 13, 2019
Sure, the size of the balance sheet is holding steady, but leaving riskier assets in the market will slow growth.
Despite the Gloom, Still a Shale Boom
Tuesday, August 13, 2019
The US has captured all the oil demand growth of the last three years. Onward and upward.
China the Currency Manipulator, and So What?
Tuesday, August 6, 2019
A toothless move, but it shows Trump no longer cares about scaring the stock market.
RMB Breaks 7: Is this “the Edge of Chaos”?
Monday, August 5, 2019
Trump will take a great deal now, not just a good one. China may be forced to offer it.
On the July Jobs Report
Friday, August 2, 2019
An ordinary July, except that it kicks off the eleventh year of the business cycle expansion.