Stocks are hinting that falling inflation is going to win the death-race with recession.
Donald L. Luskin
On Powell at Jackson Hole
Friday, August 26, 2022
Powell is willfully blind to the fact that inflation has peaked, and has no idea why.
On the July Jobs Report
Friday, August 5, 2022
Big payrolls, but the real show is declining openings – off more than 1 million in three months.
Build Back Manchin
Monday, August 1, 2022
New taxes cost 2.5% of S&P 500 earnings – mere noise compared to BBB at almost 10%.
On the July FOMC
Wednesday, July 27, 2022
At least it wasn’t 100 bp, and there were plenty of hints about a decelerating hiking path.
Walmart and the Fed
Tuesday, July 26, 2022
No stimulus checks, so consumers now have to make hard choices. So does the FOMC.
Why Inflation Is on the Way Down
Monday, July 25, 2022
The Fed should ask Milton Friedman. When growth of the money supply slows, so does the increase in prices.
Ukraine: A Pawn in Putin’s Energy Survival Strategy
Monday, July 11, 2022
The West’s green utopia is an existential threat to fossil fuels. Countermove: get prices up.
On the June Jobs Report
Friday, July 8, 2022
How can the Fed believe the labor market is tight when payrolls keep growing like this?
Will Powell Take Yes for an Answer?
Thursday, June 30, 2022
We know now we’ve seen peak inflation. Have we seen peak Powell?