Markets have already done the tightening -- and Yellen likes keeping us all guessing.
Donald L. Luskin
On the August Jobs Report
Friday, September 4, 2015
These numbers won't drive "liftoff." With no new ammo for hawks, the doves and chickens win.
On Fischer at Jackson Hole
Monday, August 31, 2015
Less than three weeks to go, saying nothing, Fischer ratifies the consensus for no "liftoff."
Correction, Recession, or Crisis?
Monday, August 24, 2015
A long-overdue correction, and probably a mild recession. But a crisis? We doubt that.
Is This the Oil Shock Tipping Point?
Thursday, August 20, 2015
Maybe, but stocks, the dollar, gold, TIPS, and Fed expectations don't seem to think so.
On the RMB Devaluation
Tuesday, August 11, 2015
It’s not that China needs to weaken the RMB. It’s that the dollar is just too strong.
On the RMB Devaluation
Tuesday, August 11, 2015
It's not that China needs to weaken the RMB. It's that the dollar is just too strong.
On the July Jobs Report
Friday, August 7, 2015
Something for nobody. We don't see how this is the "further improvement" Yellen seeks.
On the July FOMC
Wednesday, July 29, 2015
Funny how Yellen keeps saying "sometime this year." But the FOMC statement never does.
Another "Reverse Oil Shock"?
Tuesday, July 28, 2015
Recession risk is back, but with some key differences versus the same threat in Q1.