The risk of a Lehman-like banking crisis for Europe is essentially off the table now.
Donald L. Luskin
On the December FOMC
Tuesday, December 13, 2011
A more optimistic Fed isn't likely to ease, but there are new sources of global liquidity.
On the ECB Monetary Policy Decisions
Thursday, December 8, 2011
The ECB met expectations, but dashed hopes. But spillovers may mean de facto Fed QE3.
On the November Jobs Report
Friday, December 2, 2011
It's an illusion. If the economy were sharply improving, unemployment would go up.
It Only Feels Like Blood in the Streets
Thursday, December 1, 2011
Stocks are still very cheap, with little risk of recession, and a bet that Europe will survive.
On the Super-Committee Failure
Tuesday, November 22, 2011
We're shocked... shocked! ...to find failure going on in this congress.
Europe Gets MAD
Tuesday, November 15, 2011
G-Pap opened Pandora's Box -- stocks are amazingly strong facing new risk of euro dissolution.
On the October Jobs Report
Friday, November 4, 2011
The numbers were good. No recession here. But the numbers were small. No growth, either.
On the November FOMC
Wednesday, November 2, 2011
A darker forecast now explains "operation twist" -- and the Fed stands ready to do more.
Not Crazy, Still Cheap
Monday, October 31, 2011
Stocks have soared as the equity risk premium has mean-reverted. Where to from here?