Markets applaud PPPIP, but the Fed signals that enough is enough.
Donald L. Luskin
Ben Boldly Goes
Thursday, March 19, 2009
It's official: the Fed is fighting deflation by monetizing debt.
Number of the Beast
Wednesday, March 18, 2009
Nice rally. But how high is the upside when economic policy is at the edge of chaos?
Quantum of No Solace
Tuesday, March 10, 2009
The equity risk premium has gone up because the amount of risk has gone up.
Citi's Common Misconception
Monday, March 2, 2009
The troubled bank's exchange offer is pointless, costly and destabilizing.
Stocks Test the Lows, Gold Tests the Highs
Monday, February 23, 2009
Economic policy is in utter disarray -- all that's left is inflating our way out of this crisis.
Obama: "...today does mark the beginning of the end."
Friday, February 20, 2009
The more the government rescues the economy, the lower stocks go.
On the New Bank Bonus Restrictions
Sunday, February 15, 2009
Unintended consequences buried in the "stimulus" bill are a game-changer to the downside.
Two Strikes for Tim
Wednesday, February 11, 2009
Markets expected Geithner to be the man with the plan. Instead, it was amateur hour.
What is Gold Trying to Tell Us?
Tuesday, February 3, 2009
Mixed messages about deflation, inflation and the limits of fiscal stimulus.