Oil is cheaper, we buy more. But pain in the energy sector leaks into the overall economy.
Donald L. Luskin
On the January FOMC
Wednesday, January 28, 2015
It's an upgrade. It's unanimous. Despite "international conditions," lift-off is still on for June.
On SYRIZA's Greek Election Win
Monday, January 26, 2015
Draghi had to end a crisis in 2012 after SYRIZA lost. This time it won, but Draghi acted first.
On the January ECB Policy Meeting
Thursday, January 22, 2015
With national central banks buying their countries' own debt, the Germans can't screw it up.
Oilmageddon: The Sequel
Thursday, January 15, 2015
Cheap oil is the new consensus. Supply and demand responses will surprise on the upside.
On the December Jobs Report
Friday, January 9, 2015
The best December in this business cycle -- but not 1999. The Fed can be "patient" until June.
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.