The ECB has pointlessly made Europe's debt burdens heavier, especially for the PIIGS.
Donald L. Luskin
Will the World End when QE2 Does?
Monday, April 4, 2011
No -- because it won't be the "end" of QE, only its completion.
On the March Jobs Report
Friday, April 1, 2011
A solid, if not spectacular, jobs report. The economy is firmly in second gear.
Oil Prices Won't Kill the Recovery
Tuesday, March 29, 2011
The 30% price spike to date isn't big enough to be a major shock, and the economy is less vulnerable today than it was in the expansion's late stages in 2008.
If Portugal Fell...
Thursday, March 24, 2011
...in the forest and no one was there to hear it, would it still make a noise?
On the March FOMC
Tuesday, March 15, 2011
The Fed continues to successfully remove itself as a source of uncertainty.
Meltdown in Japan
Tuesday, March 15, 2011
Once the bad news is out, Japanese stocks will stabilize -- and the US correction will be short and shallow.
The Fed is from Venus, The ECB is from Mars
Wednesday, March 9, 2011
Europe is a basket case, and the US is growing. The ECB is raising rates, the Fed isn't.
On the February Jobs Report
Friday, March 4, 2011
Paradox -- the unemployment rate falls, yet Fed tightening expectations recede.
An Oil Shock Tipping Point?
Thursday, March 3, 2011
You'd think we'd already be there, but stocks and gold are clearly saying we're not.