Lousy hard data. Great soft data. Actually, under the surface, there was great hard data too.
Donald L. Luskin
Time for Taper Tantrum Two?
Thursday, April 6, 2017
Get over it. After the 2008 panic, QE never did much anyway. We won’t miss it.
Does AHCA Kill Tax Reform?
Monday, March 27, 2017
This fiasco teaches the GOP to keep it simple, stupid. That means no border adjustment.
The Demographics Myth
Monday, March 20, 2017
The greying of America doesn't explain "secular stagnation," and won't restrain recovery.
On the March FOMC
Wednesday, March 15, 2017
A dovish dissent from Kashkari, preening for Yellen’s job. The longer-run “dots” don’t move.
On the February Jobs Report
Friday, March 10, 2017
A beat versus consensus, but a miss versus the Trump tweet-number.
Yellen’s March to Neutrality
Monday, March 6, 2017
She mentioned the “neutral interest rate” 18 times. That makes it official. It’s a policy rule.
A Trump Correction at Last?
Friday, March 3, 2017
Two warning signs we’ve been waiting for materialized all at once. Then, a third one.
Joint Session Overshadows FOMC Session
Wednesday, March 1, 2017
March goes "live," and risk-tolerant markets don’t care. The "natural interest rate" is rising.
It’s a Good Time to be a Fracker
Friday, February 24, 2017
Costs and regulations coming down, production going up – and oil is still headed for $65.