The Fed is less worried about deflation -- but it's not worried enough about inflation.
Donald L. Luskin
No, Mr. Bond, I Expect You to Die
Friday, May 22, 2009
China's not dumping. It's Treasuries gearing up for "Black Wednesday" with the Fed.
Wolf in the Fold
Monday, May 18, 2009
Meet the "change" trading range -- a go-nowhere market just like the 1960s-1970s.
The Stress Tests' Hidden Mickey
Monday, May 4, 2009
An unappreciated feature rules out another "bag run" on banks.
It's an Old New Era
Friday, May 1, 2009
There's no Q1 retrenchment of consumption -- there's a shock to investment.
Stress Test Stress
Tuesday, April 21, 2009
The risk of a near-term "bag run," and a long-term drag on the whole banking sector.
All's Not Wells
Monday, April 13, 2009
Wells Fargo's pre-announcement is encouraging, but don't generalize it to all banks.
Charm Offensive
Monday, April 6, 2009
The Fed sees the inflation risk in its huge balance sheet -- but there's nothing it can do.
On IMF Gold Sales
Thursday, April 2, 2009
The IMF doesn't determine the gold price. The Fed's response function does.