The pro-growth policy outlook has only improved with Christie's artful crisis management.
Donald L. Luskin
On the December Jobs Report
Friday, January 10, 2014
Too surprising and too out-of-pattern. It will be revised away, and won't deflect tapering.
On the ECB January Policy Decision
Thursday, January 9, 2014
Euro area inflation is far below the ECB's target -- but why take any risk to fix it?
2013: The Year of Living Not Dangerously
Tuesday, December 31, 2013
Lower equity risk premia -- check! Faster global growth -- not yet, but coming in 2014.
On the December FOMC
Wednesday, December 18, 2013
Bernanke hands Yellen a fait accomplis, and a spoonful of sugar to help the medicine go down.
Stanley Fischer: Game of Chairs
Thursday, December 12, 2013
Is this brilliant man supposed to play Dick Cheney to Janet Yellen's George W. Bush?
On the November Jobs Report
Friday, December 6, 2013
We just hit 7% unemployment -- where Bernanke had promised tapering would be all done.
Yellen and Screamin' at the Fed
Thursday, December 5, 2013
Bernanke may taper in January, to defer the day when the FOMC rejects Yellen's leadership.
Regime Change for Equities
Tuesday, November 26, 2013
The mean equity risk premium will shift lower -- which means that stocks are still cheap.
Japan Breaks Out -- Does It Matter?
Tuesday, November 19, 2013
Abe had the guts to back off from carbon targets -- but so far it's his only profile in courage.