Don’t let the grandiose be the enemy of the good. Stocks are now up year-to-date.
Donald L. Luskin
On the May FOMC
Wednesday, May 7, 2025
The Fed put has already been deployed, and upgraded uncertainty means it can be again.
On the April Jobs Report, and Liberation from “Liberation Day”
Friday, May 2, 2025
No tariff recession today, but early evidence that border policy can dent jobs growth.
Jay Powell: Alien Enemy
Monday, April 21, 2025
Trump would have to massacre the whole Board and replace Powell with Stephen Miran.
Is There a New US Risk Premium?
Monday, April 14, 2025
Yields jumped and the dollar fell after Trump’s new CEA chief spoke of “burden sharing.”
Will the Trump Tariffs Be Inflationary?
Wednesday, April 9, 2025
It’s tricky. They will feel inflationary, and CPI will confirm it. But the Fed’s PCE won’t.
On March Jobs, a Powell Put, and a Recession Call
Friday, April 4, 2025
There’s no hard evidence of it, but it’s tough not to call for a recession from the tariff shock.
Are We Feeling Liberated Yet?
Wednesday, April 2, 2025
Maybe we should be – liberated from uncertainty about Trump’s tariff terror, at least.
Deregulate, Sanction and Tariff, Baby, Deregulate, Sanction and Tariff!
Wednesday, March 26, 2025
Trump unleashes fossil fuel production at home, and crushes it in Iran and Venezuela.
On the March FOMC: Dots in the Headlights
Wednesday, March 19, 2025
The Powell Put is in place – and with the end of QT, it’s already being deployed.