Liftoff deferred again: a jobs miss, downward revisions, falling participation, no wage growth.
Donald L. Luskin
On the Greferendum Surprise
Monday, June 29, 2015
Unknown unknowns. But most likely outcome: pro-euro "Yes" vote and back to negotiations.
Greece at the Cliff: Thermopylae Edition
Friday, June 26, 2015
We still think Greece will fold, at the last moment or a little after. But what if it doesn't?
The Oil Crash: One Year from the Peak
Thursday, June 25, 2015
Falling crude prices almost caused a recession. Stabilizing prices are igniting expansion.
On the June FOMC
Wednesday, June 17, 2015
All the dot-plots move down one rate-hike, as the Fed becomes "an object at rest."
On the May Jobs Report
Friday, June 5, 2015
A big beat, but not far below the surface many reasons for the FOMC to do nothing in June.
The Short of a Lifeline
Thursday, June 4, 2015
The back-up in euro area yields is a good thing -- it's all about QE and improving inflation.
The Shale Boom Shifts Into Higher Gear
Monday, June 1, 2015
Oil production is becoming a modern manufacturing process, with frackers using the ‘just-in-time’ approach.
Ms. Yellen, We Don't Quite Agree
Thursday, May 21, 2015
Stocks aren't cheap, but they aren't scary rich. Rising earnings can offset a yield back-up.
Unyielding
Wednesday, May 13, 2015
Rising yields mean we just avoided history's first recession caused by low oil prices.