...without Apple, S&P 500 forward earnings wouldn't be at new highs -- they'd be off 2.4%.
Donald L. Luskin
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.
Oil Melts Up, Too
Friday, February 24, 2012
Just like last year, stocks march higher despite a potential geopolitical oil shock.
Europe's Supply-Side Revolution
Friday, February 17, 2012
Following Germany's lead, euro-zone nations are pursuing pro-growth reforms that Reagan and Thatcher would admire.
Can Stocks Keep Melting Up?
Friday, February 10, 2012
If risk aversion retreats as much as it did a year ago, stocks would be 34% higher.
On the January Jobs Report
Friday, February 3, 2012
A big surprise -- merely average jobs growth! But where are the FOMC's "significant risks"?
On Q4 2011 GDP
Friday, January 27, 2012
Four years after the last business cycle peak, real output has grown less than 1%.