Dots all folks. The market mustn’t think there will be rate cuts (though inflation is collapsing).
Donald L. Luskin
On the May Jobs Report
Friday, June 2, 2023
It’s easy to square big payroll gains with big employment losses. And it’s bullish.
Inflation Has Peaked -- Get Ready for Deflation
Wednesday, May 24, 2023
Price increases would have eased without the Fed’s tightening, which we will soon see was overkill.
Two Months After SVB, So Far So Good
Friday, May 19, 2023
No systemic contagion, and the feared hard-freeze in credit activity hasn’t happened.
The 14th Amendment Enters the Debt Limit Negotiations
Monday, May 8, 2023
The nuclear option has been brandished, and it’s classic deterrence theory against the GOP.
On the April Jobs Report
Friday, May 5, 2023
The lowest unemployment rate in almost 70 years. Powell: “it wasn't supposed to be possible.”
On Ukrainian Drones Hitting the Kremlin: Real? Pretext?
Wednesday, May 3, 2023
Just stay alert. This could be a pretext for game-changing Russian escalation.
On the May FOMC
Wednesday, May 3, 2023
Powell affirms this was the last hike. First cut when inflation falls (which it already has).
FOMC Preview: Inflation (and First Republic) Collapse
Monday, May 1, 2023
Goods inflation is already below the Fed’s target, and another big bank has failed.
The Fed is Silicon Valley Bank
Monday, April 17, 2023
The Fed has trashed its own income statement and balance sheet. It has to stop. Now.