US stocks still can't compete with Japan or the euro area on value or growth.
Donald L. Luskin
On the March Jobs Report
Friday, April 5, 2013
Risk-relief, a housing recovery and an energy boom aren't overcoming higher taxes.
On the April BOJ Policy Meeting
Thursday, April 4, 2013
A proud central bank sacrifices its independence for the sake of reflation and growth.
New Highs, Same Old Cloudy Skies
Monday, April 1, 2013
Slow earnings growth, energy and housing tailwinds, and a head-fake consumption spurt.
Regime Change Comes to Euro Policy
Thursday, March 28, 2013
The banking crisis in Cyprus prompted an overdue financial reckoning that, with luck, will spell the end of "too big to fail."
Estimating the LSAP effect on the stock market
Saturday, March 23, 2013
We can estimate the value of stock purchases the Fed is enabling.
On the March FOMC
Wednesday, March 20, 2013
Steady as she goes in a weak expansion -- but maybe the first hint that LSAPs could end.
Is the Fed Moving the Stock Market?
Monday, March 11, 2013
The Fed isn't printing money, it's printing risk -- to the tune of $1 billion a day in US stocks.
On the February Jobs Report
Friday, March 8, 2013
A headline surprise hides slowing improvement in unemployment, and stays the Fed's hand.
The Crisis Score is Four for Four
Monday, March 4, 2013
Fiscal cliff, debt ceiling, sequesters and the continuing resolution -- done! But now what?