Rising Treasury yields may be saying the Fed doesn't need so much foam on the runway.
Donald L. Luskin
On the June BOJ Policy Meeting
Tuesday, June 11, 2013
The BOJ wisely sticks to its strategy -- higher JGB yields mean that it's working.
On the May Jobs Report
Friday, June 7, 2013
By Bernanke's own metric, the labor market just got worse. How can the Fed taper now?
On April Income and Consumption
Friday, May 31, 2013
This can't go on. Consumption tracks 2012's sluggish trend, while disposable income falls.
Japan: At Long Last a Correction
Friday, May 31, 2013
The BOJ can't have both higher inflation and lower yields -- but that's making a buyable dip.
QE Steps Down Before Bernanke Does?
Thursday, May 23, 2013
His signal was unmistakable. But with deflation risk increasing, he can't follow through.
Equity Risk Premiumania!
Monday, May 20, 2013
The bull cases and bear cases based on the ERP are equally wrong.
The Abe Restoration
Friday, May 10, 2013
Abenomics isn't just policy -- it's part of a Japan's cultural and geopolitical awakening.
On the April Jobs Report
Friday, May 3, 2013
Revisions to March's disaster are welcome, but the labor market remains stagnant at best.
On the May FOMC
Wednesday, May 1, 2013
The Fed acts oblivious to a here-and-now deflation threat, and deteriorating data.