The consumer is alive and well -- everyone has been focusing on the wrong "new normal."
Donald L. Luskin
On the April FOMC
Wednesday, April 25, 2012
The FOMC darkens its language, lightens its forecast, and does nothing -- yet.
A Glass of Snapple, Half Full
Friday, April 20, 2012
Forward EPS at new highs, with no Apple. Stocks are getting to be a value play again.
Bad Friday for Jobs
Monday, April 9, 2012
At last a correction in stocks, and in the belief that the labor market has turned the corner.
Snapple, not Kool-Aid
Monday, April 2, 2012
Apple mattered to Q1 performance -- but it says nothing about valuation, or faster growth.
We Love Our New iPhone, But...
Thursday, March 22, 2012
...without Apple, S&P 500 forward earnings wouldn't be at new highs -- they'd be off 2.4%.
On the March FOMC
Tuesday, March 13, 2012
Bernanke emerges as a hawkish bulwark on the FOMC: if not for him, we'd have QE3 now.
On the February Jobs Report
Friday, March 9, 2012
What's improving in the jobs data is what didn't need to improve. The hard tasks remain.
What Could Possibly Go Worng?
Thursday, March 8, 2012
Crisis in Europe avoided. Now we look to the coming year-end tax/debt crisis in the US.
When Bernanke Talks, People Sell
Thursday, March 1, 2012
It would take an economic miracle to cause the Fed to tighten. Don't bet on it.