The best December in this business cycle -- but not 1999. The Fed can be "patient" until June.
Donald L. Luskin
The Deflation Hoax
Thursday, January 8, 2015
A 10-year yield below 2% doesn't imply a blow to growth, nor monetary deflation.
2015: Oil Change for the Global Economy, US Edition
Wednesday, December 31, 2014
We won the oil lottery in 2014. In 2015, we cash in the ticket. We expect a good year.
2015: Oil Change for the Global Economy, Non-US Edition
Wednesday, December 31, 2014
Break up the BRICs -- BR losers, IC winners. Abe gets a do-over, and the EA gets QE.
Here Come Greek Elections -- and QE from the ECB
Tuesday, December 30, 2014
This Greek crisis is not a euro crisis. And sovereign bond purchases will make sure of it.
On the December FOMC
Wednesday, December 17, 2014
From "considerable time" to "patient." It doesn't matter -- lift-off is still on for mid-year.
Oilmageddon
Tuesday, December 16, 2014
After the falling knife, a new equilibrium -- below the crippling oil prices of the last decade.
Yes, It's Another Greece Crisis
Wednesday, December 10, 2014
But the world has moved on, and even in the worst case the euro currency is secure.
On the November Jobs Report
Friday, December 5, 2014
In the sixth year of the cycle, and despite freezing weather, the best November yet.
Failure to Launch at the ECB
Wednesday, December 3, 2014
Six months in the making, Draghi's pet ABS purchase program is an embarrassing flop.