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TRENDMACRO LIVE!
On Yellen for Fed Vice Chair
Friday, March 12, 2010
Donald Luskin
Another smart Obama appointment emphasizing policy continuity. MORE>>

TRENDMACRO LIVE!
On the February Jobs Report
Friday, March 5, 2010
Donald Luskin
It makes recession-end "official," but leaves a slow road back to full employment ahead. MORE>>

MACROCOSM
The Case for Ambivalence, Volume Three
Thursday, March 4, 2010
Donald Luskin
Data continues to confirm that we're only in a recovery, not a real expansion. MORE>>

FED SHADOW
Some Tightening!
Wednesday, February 24, 2010
Donald Luskin
When the SFP is complete at $200 billion, excess reserves will top today's $1.137 trillion. MORE>>

MACROCOSM
Real Deflation
Tuesday, February 23, 2010
Donald Luskin
January's core deflation report is accurate -- and it sets up for more inflation down the road. MORE>>

TRENDMACRO LIVE!
On the Fed's Discount Rate Hike
Thursday, February 18, 2010
Donald Luskin
Why couldn't renormalizing the discount rate wait until the next FOMC meeting. MORE>>

MACROCOSM
Greek Farce
Tuesday, February 16, 2010
Donald Luskin
The EU's credit crisis has abated, at a deep cost to currency credibility worldwide. MORE>>

FED SHADOW
Ben Can, But Ben Probably Won't
Wednesday, February 10, 2010
Donald Luskin
The Fed has the tools to "exit," but using them correctly remains a challenge. MORE>>

MACROCOSM
PIIGS, Panic and Jobs
Friday, February 5, 2010
Donald Luskin
The stench of deflation rises from Europe, and the US jobs market shoots a little green. MORE>>

TRENDMACRO LIVE!
On Q4 2009 GDP
Friday, January 29, 2010
Donald Luskin
Waiting for that "new normal" -- a "new era" of frugality -- is getting mighty old. MORE>>

FED SHADOW
Advice and Dissent
Thursday, January 28, 2010
Donald Luskin
Hoenig's protest notwithstanding, jobs and politics have the Fed on hold all year. MORE>>

MACROCOSM
Redoubling Down
Monday, February 25, 2010
Donald Luskin
Bernanke promises redoubled ease. The White House promises redoubled "change." MORE>>

TRENDMACRO LIVE!
On Obama's Bank Regulation Proposal
Thursday, January 21, 2010
Donald Luskin
Banks become regulated public utilities, forcing the Fed to be looser than ever. MORE>>

POLITICAL PULSE
A Scott Heard 'Round the World?
Tuesday, January 19, 2010
Donald Luskin
A GOP Massachusetts win today would be another step down the bullish road toward political equilibrium. MORE>>

MARKET CALLS
Under-Seasoned
Friday, January 15, 2010
Donald Luskin
Expectations are so elevated, this earnings season almost has to be a disappointment. MORE>>

TRENDMACRO LIVE!
On the December Jobs Report
Friday, January 8, 2010
Donald Luskin
No V-shaped recovery, but some signs that dynamism is returning to the jobs market. MORE>>

FED SHADOW
New Year, Same Old Fed
Monday, January 4, 2010
Donald Luskin
The new wave of economic optimism isn�t moving the Fed toward serious tightening. MORE>>

INTELLECTUAL AMMUNITION
2009's Economic Chart of the Year
Monday, December 28, 2009
Donald Luskin
Obama loses his rock-star status, driving an historic comeback for stocks. MORE>>

INTELLECTUAL AMMUNITION
2010's Great Debate: Inflation or Deflation?
Tuesday, December 22, 2009
Donald Luskin
Both! Deflationary forces continue to bear down, so the Fed will inflate all the more. MORE>>

FED SHADOW
Sucker Trade: Inflation for Jobs
Thursday, December 17, 2009
Donald Luskin
Citing the lessons of the 1970s, the Fed seems ready to repeat its mistakes of the 1970s. MORE>>

MACROCOSM
The Case for Ambivalence, Volume Two
Monday, December 14, 2009
Donald Luskin
We stick with our call for a sluggish recovery -- there's no evidence for anything else. MORE>>

MACROCOSM
No Game-Changer
Tuesday, December 8, 2009
Donald Luskin
Markets and the Fed have quite correctly shrugged off last week's upside jobs surprise. MORE>>

TRENDMACRO LIVE!
On the November Jobs Report
Friday, December 4, 2009
Donald Luskin
Under the upside surprise in headline jobs, some tiny improvement in key labor trends. MORE>>

TRENDMACRO LIVE!
On the Dubai Debt Crisis
Friday, November 27, 2009
Donald Luskin
At last, an event catalyst for a long-overdue correction in stocks. MORE>>

FED SHADOW
Easing -- As in Appeasing
Monday, November 23, 2009
Donald Luskin
Gold soars as the Fed resists politicization by giving politicians the easy money they want. MORE>>

INTELLECTUAL AMMUNITION
Gold's Most Immemorial Year
Thursday, November 19, 2009
David Gitlitz
What 1979 can teach us about gold, inflation and the Fed. MORE>>

INTELLECTUAL AMMUNITION
TrendMacro's Best Long Term Charts
Thursday, November 12, 2009
Donald Luskin
Deep historical context on today's unique market and economic conditions. MORE>>

MACROCOSM
Small Change
Monday, November 9, 2009
David Gitlitz
The economy can't grow without the small business sector -- and it's hardly recovering. MORE>>

TRENDMACRO LIVE!
On the October Jobs Report
Friday, November 6, 2009
Donald Luskin
The recovery is more jobless than ever, and the Fed is pushed further to indefinite ease. MORE>>

TRENDMACRO LIVE!
On GOP Wins in New Jersey and Virginia
Wednesday, November 4, 2009
Donald Luskin
This move back toward political balance underscores the durability of the March bottom. MORE>>

MACROCOSM
Triple Play? No Way!
Wednesday, November 3, 2009
Donald Luskin
Stocks see an impossible earnings triple -- but gold sees inevitable inflation. MORE>>

TRENDMACRO LIVE!
On Q3 GDP
Thursday, October 29, 2009
Donald Luskin
Still no "new era" of consumer retrenchment -- but no investment renaissance, either. MORE>>

FED SHADOW
Promise Keepers
Tuesday, October 27, 2009
Donald Luskin
Next week the FOMC will repeat its assurance to keep rates low for "an extended period." MORE>>

MACROCOSM
Whose Dollar Is It, Anyway?
Friday, October 23, 2009
David Gitlitz
The world fumes while Geithner says it's Bernanke's problem and Bernanke says its Congress's problem. MORE>>

MACROCOSM
Geithner and the Dollar: That's Not My Job
Thursday, October 15, 2009
Donald Luskin
For Treasury, it's not a problem at all -- and even if it is, it's the Fed's. MORE>>

MACROCOSM
Nothing Ventured
Friday, October 16, 2009
David Gitlitz
With VC funding and IPOs still depressed, the growth engine is likely to sputter. MORE>>

MACROCOSM
Gold at All-Time Highs
Wednesday, October 7, 2009
Donald Luskin
Believe it: the crisis of deflation has been turned into the problem of inflation. MORE>>

MACROCOSM
Can the Emerging Markets Keep It Up?
Wednesday, September 30, 2009
David Gitlitz
To control inflation, they may have to choose between high rates and rising currencies. MORE>>

FED SHADOW
Warsh's Warning
Monday, September 28, 2009
Donald Luskin
Okay, so the Fed won't be easy forever. Just almost forever. MORE>>

MACROCOSM
Carrying On
Wednesday, September 23, 2009
David Gitlitz
It's ironic -- the carry trade that makes Treasuries look great now is what will make them big losers. MORE>>

MACROCOSM
Gold Above $1000: What Took So Long?
Wednesday, September 16, 2009
Donald Luskin
The Fed had to fix its bond boo-boo first, but now it's free to inflate -- and it will. MORE>>

FED SHADOW
The Maestro's Golden Years
Friday, September 11, 2009
David Gitlitz
Greenspan belatedly returns to the gold standard, but the Bernanke Fed isn't following. MORE>>

TRENDMACRO LIVE!
On the July Jobs Report
Friday, September 4, 2009
Donald Luskin
Job losses continue to slow, but unemployment is more of a "roach motel" than ever. MORE>>

MACROCOSM
Muted Celebration
Thursday, September 3, 2009
David Gitlitz
The data is already showing a sub-par recovery from recession. MORE>>

MARKET CALLS
Monster Rally
Monday, August 31, 2009
Donald Luskin
Stocks will have to obey Stein's Law: "If something cannot go on forever, it will stop." MORE>>

FED SHADOW
Bernanke's Second Act
Wednesday, August 26, 2009
David Gitlitz
For good or for ill, the Fed's ultra-easy policy stance has a new lease on life. MORE>>

FED SHADOW
Fed Still On The T-Bond Sidelines
Monday, August 24, 2009
Donald Luskin
Kohn's Jackson Hole remarks don't mean more long-term bond buys are coming. MORE>>

MARKET CALLS
Great� Now What?
Friday, August 21, 2009
Donald Luskin
A round-up of our strategic views now that the global economy has hit bottom. MORE>>

MACROCOSM
Signs of Life in the CMBS Rubble
Thursday, August 20, 2009
David Gitlitz
TALF arbitrage should end a vicious cycle of frozen markets and falling property values. MORE>>

TRENDMACRO LIVE!
On the August FOMC
Wednesday, August 12, 2009
Donald Luskin
Not buying more Treasury bonds is hardly news, and hardly an exit strategy. MORE>>

MACROCOSM
A Greener Kind of Shoot
Friday, August 7, 2009
Donald Luskin
A sign that the economy isn't just falling more slowly, but actually starting to grow. MORE>>

MACROCOSM
Q2 Marked the Bottom
Friday, July 31, 2009
David Gitlitz
Seemingly unthinkable so recently, the economy managed to pull back from the abyss. MORE>>

MACROCOSM
Still Waiting for that "New Era"
Friday, July 31, 2009
Donald Luskin
Revised GDP data deepens doubt about seemingly inevitable consumer retrenchment. MORE>>

POLITICAL PULSE
America's Next Top Fed Model
Monday, July 27, 2009
Donald Luskin
Markets rightly expect Bernanke to stay, and Summers would be a destabilizing surprise. MORE>>

FED SHADOW
The Fed's Bond Boo-Boo
Friday, July 24, 2009
Donald Luskin
The FOMC knows its $300 billion bond buy was a mistake -- it won't be buying more. MORE>>

MACROCOSM
Surprise, Surprise
Thursday, July 23, 2009
Donald Luskin
Earnings surprises, and a surprise crack-up of Obamacare, carry stocks to new highs. MORE>>

FED SHADOW
Check the Exit
Wednesday, July 22, 2009
David Gitlitz
Bernanke's vision for ending the Fed's hyper-accommodation is all tools and no timing. MORE>>

POLITICAL PULSE
Health Care Deform
Thursday, July 16, 2009
Donald Luskin
A proposed surtax may be the kind of self-correcting policy over-reach we saw in March. MORE>>

FED SHADOW
A Run on the Fed?
Friday, July 10, 2009
David Gitlitz
The Fed is losing the short-term financing for its long-term liabilities. MORE>>

MACROCOSM
A Deflationary Correction
Thursday, July 9, 2009
Donald Luskin
The Fed may be off deflation watch, but markets evidently are not. MORE>>

MACROCOSM
The Square Root of Recovery
Thursday, July 2, 2009
Donald Luskin
Today's jobs report raises issues about the shape of recovery and the risk of deflation. MORE>>

MACROCOSM
Can Inflation Plays Do Without Deflation?
Thursday, June 25, 2009
Donald Luskin
Yesterday's FOMC takes some of the edge off, but the inflation theme is alive and well. MORE>>

FED SHADOW
Steady -- And Easy -- As She Goes
Thursday, June 25, 2009
David Gitlitz
The Fed's abandonment of its deflation worries changes almost nothing. MORE>>

FED SHADOW
Too Soon to Stray
Tuesday, June 23, 2009
Donald Luskin
Markets should be relieved tomorrow when the Fed stays the course. MORE>>

MACROCOSM
Regulation Road
Thursday, June 18, 2009
Donald Luskin
For now Obama's regulatory proposals are just proposals -- but they're another step away from economic dynamism. MORE>>

MACROCOSM
Strong Enough, Thank You
Monday, June 15, 2009
David Gitlitz
Emerging markets currencies are re-linking to the dollar -- and that way lies inflation. MORE>>

INTELLECTUAL AMMUNITION
The Case for Ambivalence
Friday, June 12, 2009
Donald Luskin
Where do we go from here, now that we're not going to zero? MORE>>

TRENDMACRO LIVE!
On the May Jobs Report
Friday, June 5, 2009
David Gitlitz
Slowing job losses don't mean the Fed will get on the job of inflation fighting. MORE>>

FED SHADOW
They Laughed When I Sat Down to Monetize
Thursday, June 4, 2009
Donald Luskin
The Fed is less worried about deflation -- but it's not worried enough about inflation. MORE>>

FED SHADOW
Thrown A Curve
Monday, June 1, 2009
David Gitlitz
A record 2-10 Treasury spread shouts "inflation," but the Fed can't hear it. MORE>>

MACROCOSM
Green Overshoots
Friday, May 29, 2009
Donald Luskin
How much more recovery can the economy take? MORE>>

MACROCOSM
No, Mr. Bond, I Expect You to Die
Friday, May 22, 2009
Donald Luskin
China's not dumping. It's Treasuries gearing up for "Black Wednesday" with the Fed. MORE>>

MACROCOSM
Wolf in the Fold
Monday, May 18, 2009
Donald Luskin
Meet the "change" trading range -- a go-nowhere market just like the 1960s-1970s. MORE>>

MACROCOSM
Constructive Currency Signals
Monday, May 18, 2009
David Gitlitz
As in 2003-2004, emerging market forex indicates there are more than enough dollars. MORE>>

MACROCOSM
Stress Test for T-Bonds
Friday, May 8, 2009
David Gitlitz
How high will the 10-year yield go before Bernanke slaps it down? MORE>>

FED SHADOW
Fed Says, Give Us Some Slack
Wednesday, May 6, 2009
David Gitlitz
Bernanke thinks the economy has turned the corner -- all the worse for inflation risk. MORE>>

MACROCOSM
The Stress Tests' Hidden Mickey
Monday, May 4, 2009
Donald Luskin
An unappreciated feature rules out another "bag run" on banks. MORE>>

INTELLECTUAL AMMUNITION
It's an Old New Era
Friday, May 1, 2009
Donald Luskin
There's no Q1 retrenchment of consumption -- there's a shock to investment. MORE>>

FED SHADOW
The Fed, Blinded by the Obvious
Thursday, April 30, 2009
David Gitlitz
Of course the economy has improved slightly -- but the Fed remains bent on inflation. MORE>>

MACROCOSM
Sorting Out the Spreads
Monday, April 27, 2009
David Gitlitz
High yield spreads say the worst is over, but they're not yet fully predicting recovery. MORE>>

MACROCOSM
Stress Test Stress
Tuesday, April 21, 2009
Donald Luskin
The risk of a near-term "bag run," and a long-term drag on the whole banking sector. MORE>>

MACROCOSM
International Funny Money Fund
Friday, April 17, 2009
David Gitlitz
SDRs are inflationary helicopter money, and IMF aid does more harm than good. MORE>>

MACROCOSM
All's Not Wells
Monday, April 13, 2009
Donald Luskin
Wells Fargo's pre-announcement is encouraging, but don't generalize it to all banks. MORE>>

FED SHADOW
Charm Offensive
Monday, April 6, 2009
Donald Luskin
The Fed sees the inflation risk in its huge balance sheet -- but there's nothing it can do. MORE>>

TRENDMACRO LIVE!
On IMF Gold Sales
Thursday, April 2, 2009
Donald Luskin
The IMF doesn't determine the gold price. The Fed's response function does. MORE>>

MACROCOSM
Transmission Not Broken
Tuesday, March 31, 2009
David Gitlitz
Inflation can take hold even in a sluggish and credit-impaired economy. MORE>>

FED SHADOW
Taking It Up A Notch
Friday, March 27, 2009
David Gitlitz
TALF 2.0 makes the Fed's balance sheet both bigger and stickier. MORE>>

MACROCOSM
Geithner Gets a Do-Over
Tuesday, March 24, 2009
Donald Luskin
Markets applaud PPPIP, but the Fed signals that enough is enough. MORE>>

FED SHADOW
Ben Boldly Goes
Thursday, March 19, 2009
Donald Luskin
It's official: the Fed is fighting deflation by monetizing debt. MORE>>

MACROCOSM
Number of the Beast
Wednesday, March 18, 2009
Donald Luskin
Nice rally. But how high is the upside when economic policy is at the edge of chaos? MORE>>

MACROCOSM
China Calling
Tuesday, March 17, 2009
David Gitlitz
Changing Chinese demand for Treasuries impacts both the bond market and inflation. MORE>>

MACROCOSM
Quantum of No Solace
Tuesday, March 10, 2009
Donald Luskin
The equity risk premium has gone up because the amount of risk has gone up. MORE>>

MACROCOSM
TALF -- The Fed Gets One Right
Friday, March 6, 2009
David Gitlitz
The Fed is making the securitization market an offer it can't refuse. MORE>>

MACROCOSM
Citi's Common Misconception
Monday, March 2, 2009
Donald Luskin
The troubled bank's exchange offer is pointless, costly and destabilizing. MORE>>

MACROCOSM
We Can Build on This -- But How High?
Friday, February 27, 2009
David Gitlitz
They won't let the world end. But today's anti-growth politics limit the upside. MORE>>

MACROCOSM
Stocks Test the Lows, Gold Tests the Highs
Monday, February 23, 2009
Donald Luskin
Economic policy is in utter disarray -- all that's left is inflating our way out of this crisis. MORE>>

MACROCOSM
Obama: "�today does mark the beginning of the end."
Friday, February 20, 2009
Donald Luskin
The more the government rescues the economy, the lower stocks go. MORE>>

FED SHADOW
Treasury Won't Bail Out the Fed
Tuesday, February 17, 2009
David Gitlitz
Their obscure partnership won't keep the Fed from having to inflate our way out of crisis. MORE>>

TRENDMACRO LIVE!
On the New Bank Bonus Restrictions
Sunday, February 15, 2009
Donald Luskin
Unintended consequences buried in the "stimulus" bill are a game-changer to the downside. MORE>>

MACROCOSM
Two Strikes for Tim
Wednesday, February 11, 2009
Donald Luskin
Markets expected Geithner to be the man with the plan. Instead, it was amateur hour. MORE>>

MACROCOSM
The Dollar: The Tallest Pygmy
Thursday, February 5, 2009
David Gitlitz
If the dollar is so strong, why is gold even stronger? MORE>>

MACROCOSM
What is Gold Trying to Tell Us?
Tuesday, February 3, 2009
Donald Luskin
Mixed messages about deflation, inflation and the limits of fiscal stimulus. MORE>>

MACROCOSM
Unknown Unknowns
Friday, January 30, 2009
Donald Luskin
Stocks are trying to bottom, but it all depends on the new administration's bank policies. MORE>>

MACROCOSM
Got You Covered
Friday, January 23, 2009
David Gitlitz
The worst trouble-spot in the US credit infrastructure is finally being addressed. MORE>>

MACROCOSM
Rescue Remix
Tuesday, January 20, 2009
Donald Luskin
We're testing the lows as, once again, government rethinks its approach to bank rescues. MORE>>

MACROCOSM
Treasuries: Too Late to Buy, But Too Early to Sell
Friday, January 16, 2009
David Gitlitz
The Fed's going to hold the whole curve down for quite a while... but then, look out. MORE>>

MACROCOSM
Passengers Survive, But Plane Sinks
Friday, January 16, 2009
Donald Luskin
Saving the banking system won't make big banks into interesting businesses. MORE>>

MACROCOSM
Testing the Safety Net
Wednesday, January 14, 2009
Donald Luskin
Another bank crisis is brewing, there's no Treasury secretary, and Congress and Obama spar over TARP. MORE>>

MACROCOSM
Peeking Out of the Bunker
Monday, January 12, 2009
David Gitlitz
Lagging macro news is horrible, and may be for a while -- but risk-tolerance is coming back. MORE>>

MACROCOSM
New Year, Same Old Recession
Friday, January 9, 2009
Donald Luskin
Let's review the baseline: how we got here, where we are, where we are going. MORE>>

MACROCOSM
Signs of Life
Tuesday, December 30, 2008
David Gitlitz
With the Fed maximally easy now, risk tolerance gradually returns to credit markets. MORE>>

MACROCOSM
Is This a "New Era" Recession?
Monday, December 29, 2008
Donald Luskin
We don't see the case for a secular collapse in consumption. MORE>>

MACROCOSM
Deflation and Inflation: A Delicate Balance
Friday, December 19, 2008
David Gitlitz
Deflation-fighting is the Fed's Job One now -- unfortunately its best weapon is inflation. MORE>>

FED SHADOW
"Some Time" A Great Notion
Wednesday, December 17, 2008
Donald Luskin
A zero rate and a humongous Fed balance sheet -- good for now, but not forever. MORE>>

FED SHADOW
1/2% Funds: History-Making, But Irrelevant
Monday, December 15, 2008
David Gitlitz
Tomorrow's likely record low funds rate has little to do with how the Fed now operates. MORE>>

MACROCOSM
Why Isn't Gold at $1500?
Wednesday, December 10, 2008
Donald Luskin
The Fed's managing an unstable balance of titanic inflationary forces against the risk of deflation. MORE>>

MACROCOSM
Brace for Another TARP Debate
Wednesday, December 3, 2008
Donald Luskin
The rescues are working, and Obama moves to the center -- but the Big Three are going to re-open the wounds to market confidence. MORE>>

MACROCOSM
Feeding Frenzy in Treasuries
Tuesday, December 2, 2008
David Gitlitz
Safe haven or mo-mo trade, at this point it offers little potential upside and much risk. MORE>>

MACROCOSM
Another Rescue, A New Rescue Ranger
Monday, November 24, 2008
Donald Luskin
Citi gets TARPed again, and Treasury gets policy continuity for the TARPs still to come. MORE>>

MACROCOSM
It's a Recession -- Not the End of the World
Friday, November 21, 2008
David Gitlitz
Non-investment grade bonds are pricing for default rates that aren't going to happen. MORE>>

MACROCOSM
At Least They're Cheap
Thursday, November 20, 2008
Donald Luskin
Even financials are now deeply undervalued, for the first time in this bear market. MORE>>

MACROCOSM
Deflation Takes Center Stage
Wednesday, November 19, 2008
Donald Luskin
Core CPI prints negative, and the Fed openly uses the "D" word. MORE>>

MACROCOSM
Vicious Cycle Visions
Monday, November 10, 2008
David Gitlitz
This recession will end like they all do -- when risk premia coax capital back to work. MORE>>

POLITICAL PULSE
It Ain't My Job
Monday, November 10, 2008
Donald Luskin
Good news for markets -- Obama's meeting of economic icons produced exactly nothing. MORE>>

POLITICAL PULSE
Now What?
Thursday, November 6, 2008
Donald Luskin
The election is over -- but the battle for the Senate and the Treasury is still being fought. MORE>>

MACROCOSM
Emerging Relief
Tuesday, November 4, 2008
David Gitlitz
The worst is over for the emerging markets, but the road to recovery will be rocky. MORE>>

MACROCOSM
Bearack Obama
Friday, October 31, 2008
Donald Luskin
He could usher in a capital-unfriendly "Left decade," but in the near-term Obama's election could be a plus for stocks. MORE>>

FED SHADOW
1% and So What?
Wednesday, October 29, 2008
David Gitlitz
The funds rate has been trading below 1% for weeks, and the Fed has moved beyond rate-targeting anyway. MORE>>

MACROCOSM
The Fear Trade
Tuesday, October 24, 2008
David Gitlitz
Fear got us into recession, and fear is going to keep us from getting out of it. MORE>>

MACROCOSM
How Bad An Earnings Hit?
Thursday, October 23, 2008
Donald Luskin
Forward earnings are falling -- but stocks have already fallen far more. MORE>>

FED SHADOW
Regime Change at the Fed
Tuesday, October 14, 2008
David Gitlitz
Interest on reserves could either accelerate or prevent inflation -- it depends on how the Fed handles this powerful new tool. MORE>>

MACROCOSM
At Last: A Bail-out That's a Bail-out
Tuesday, October 14, 2008
Donald Luskin
After six months of destroying financial sector equity, Treasury gets it almost right. MORE>>

MACROCOSM
The Right to Arm Bears
Thursday, October 9, 2008
Donald Luskin
A recipe for speculative attack: even greater Treasury powers, and no short-selling ban. MORE>>

TRENDMACRO LIVE!
On the Global Rate Cuts
Wednesday, October 8, 2008
Donald Luskin
Irrelevant and inflationary. Markets need real money now, not "soon." MORE>>

MACROCOSM
Henry Paulson: The Donald Rumsfeld of Bail-Outs
Monday, October 6, 2008
Donald Luskin
After two weeks of congressional shock and awe, Treasury has no plan. MORE>>

MACROCOSM
I Knew Japan -- You Are No Japan
Thursday, October 2, 2008
David Gitlitz
With the Fed ultra-easy, there's no way the US is going down Japan's deflationary road. MORE>>

MACROCOSM
Quick Thoughts on the New Black Monday
Tuesday, September 30, 2008
Donald Luskin
The historic stock drop was more politically manufactured hysteria than reality. MORE>>

MACROCOSM
Peeking Under the TARP
Monday, September 29, 2008
Donald Luskin
Now a bill, but still no details. First take: it could have been worse, and it might work. MORE>>

MACROCOSM
Bail-Out Brinksmanship
Friday, September 26, 2008
Donald Luskin
Will credit markets get their bail-out? Will they even want the bail-out they might get? MORE>>

MACROCOSM
Fear Itself, Volume 2
Tuesday, September 23, 2008
David Gitlitz
Even the most aggressive rescue plan isn't likely to avert recession at this point. MORE>>

MACROCOSM
It's Not the RTC -- It's a $700 Billion LBO
Monday, September 22, 2008
Donald Luskin
Treasury's bail-out is broader than the market now sees, and so will be the regulations. MORE>>

MACROCOSM
If You're Short, Abort
Friday, September 19, 2008
Donald Luskin
With the SEC's ban on short-selling, two wrongs could make a right. MORE>>

MACROCOSM
AIG: Rescue or Bag Run?
Wednesday, September 17, 2008
Donald Luskin
Government rescues are making the most important firms "too big to not fail." MORE>>

FED SHADOW
How Tough is Ben's Tough Love?
Tuesday, September 16, 2008
David Gitlitz
The Fed has eschewed bailouts. Can the FOMC resist a pointless rate-cut today? MORE>>

MACROCOSM
Tough Love for Lehman
Sunday, September 14, 2008
Donald Luskin
The Fed takes a big chance in order to break the cycle of "immoral hazard." MORE>>

MACROCOSM
Your Speculative Attacks Dollars At Work
Thursday, September 11, 2008
Donald Luskin
"Nationalization risk" replaces credit risk in the financial sector. MORE>>

MACROCOSM
Fannie/Freddie Fallout
Monday, September 8, 2008
Donald Luskin and David Gitlitz
The takeover heals near-term crises, but raises serious long-term questions. MORE>>

MACROCOSM
GSE Rescue: First Impressions
Sunday, September 7, 2008
Donald Luskin
The Treasury's move will help stabilize housing and credit markets, and take pressure off the Fed. MORE>>

MACROCOSM
Perception, Election, Reality and Risk
Friday, September 5, 2008
David Gitlitz and Donald Luskin
Bleak sentiment is way overblown -- but some real risks are getting closer and closer. MORE>>

MACROCOSM
The Dollar: We're Not Buying It
Tuesday, August 26, 2008
Donald Luskin
The Fed's easy posture simply doesn't support a sustained dollar rally. MORE>>

MACROCOSM
Deflation? Surely You're Joking
Thursday, August 21, 2008
David Gitlitz
Inflation pressures are still intense, despite falling commodities and slower growth. MORE>>

MACROCOSM
Gold: Is Enough Enough?
Wednesday, August 13, 2008
Donald Luskin
The drop in the "inflation plays" is overdone in light of worsening inflation risks. MORE>>

MACROCOSM
Dollar/Euro, Fed/ECB, Gold/Oil: Keeping It All Straight
Monday, August 11, 2008
David Gitlitz
Apparent dollar strength is likely a trading aberration, not a sustainable trend. MORE>>

MACROCOSM
No Get Out of Inflation Free Card
Wednesday, August 6, 2008
Donald Luskin
Inflation-sensitive markets have been distracted by oil -- soon they'll turn to the Fed. MORE>>

MACROCOSM
What Did They Do To Deserve This?
Tuesday, August 5, 2008
David Gitlitz
First we exported our inflation to the emerging markets. Now are we hoping to import their rate-hikes? MORE>>


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AHEAD OF THE CURVE
Was the Big Rally a Grand Illusion?
Friday, March 5, 2010
The market's gains since last March were built on inflation. MORE>>

AHEAD OF THE CURVE
Some Ominous Economic Signs
Friday, February 26, 2010
By some measures, the U.S. economy is slipping again. MORE>>

AHEAD OF THE CURVE
Thinking of Investing Abroad? Think Again
Monday, February 22, 2010
Don't send all of your money to other countries. MORE>>

AHEAD OF THE CURVE
Send a Thank You Card to Tim Geithner
Friday, February 12, 2010
One year ago this week he saved the world by doing nothing. MORE>>

THE WALL STREET JOURNAL
Republicans and the Populist Temptation
Tuesday, February 9, 2010
The reaction to Scott Brown's victory has been a lurch toward antibusiness rhetoric. The stock market doesn't like it. MORE>>

AHEAD OF THE CURVE
Panic, Debt and Unemployment
Friday, February 5, 2010
How a confluence of events pushed stocks down. MORE>>

AHEAD OF THE CURVE
Four More Years of Ben
Friday, January 29, 2010
Bernanke's reappointment is good for the country, but might not help stocks. MORE>>

AHEAD OF THE CURVE
A Republican Won, So Why the Selloff?
Friday, January 22, 2010
Stocks usually like divided government, but now there's a curveball. MORE>>

AHEAD OF THE CURVE
Turn Global Warming On Its Head
Friday, January 15, 2010
A savvy investor could make money if the Earth is actually cooling. MORE>>

AHEAD OF THE CURVE
The Economy's Improving, but Stocks Might Not
Friday, January 8, 2010
Profits may grow, but the market's value already reflects that. MORE>>

THE WALL STREET JOURNAL
Why Taxing Stock Trades Is a Really Bad Idea
Wednesday, January 6, 2010
Everyday investors shouldn't be punished for a subprime fiasco fueled by Fannie Mae and Freddie Mac. MORE>>

AHEAD OF THE CURVE
The Best and Worst Investments of 2009
Thursday, December 31, 2009
The best and worst investments of 2009. MORE>>

AHEAD OF THE CURVE
The Market Speaks: Change Isn't Good
Thursday, December 24, 2009
Here's to the Obama plans that went nowhere. MORE>>

AHEAD OF THE CURVE
Taking a Look at Bernanke's "Plan"
Friday, December 18, 2009
The Fed chairman's moves leave investors with only one choice. MORE>>

ACTIVE TRADER
The Unseen Danger of Leveraged ETFs
Thursday, December 17, 2009
How these rapidly selling products can crush you over time. MORE>>

AHEAD OF THE CURVE
Gold's Bump in the Road
Friday, December 11, 2009
Just because gold has been down recently doesn't mean its rally has ended. MORE>>

AHEAD OF THE CURVE
The Consensus Is...No Consensus
Friday, December 4, 2009
There's no agreement on where this economy is headed. MORE>>

AHEAD OF THE CURVE
Bank Stocks' Recent Woes Could Be Contagious
Friday, November 27, 2009
Increased regulation is hurting financials, and threatens the bull market. MORE>>

AHEAD OF THE CURVE
The Rally Was Nice While It Lasted...
Friday, November 20, 2009
Hope you enjoyed that stock surge. It's going to end soon. MORE>>

AHEAD OF THE CURVE
Gold Keeps Shining
Friday, November 13, 2009
My long-standing "best idea" investment continues to be the best-performing asset in the world. MORE>>

AHEAD OF THE CURVE
$300,000 of Gold, in the Palm of My Hand
Friday, November 6, 2009
A trip to the Federal Reserve reaffirms my belief in owning gold. MORE>>

AHEAD OF THE CURVE
What We Learned From the GDP Number
Friday, October 30, 2009
Despite what some believe, the consumer remains undisputed king. MORE>>

AHEAD OF THE CURVE
Bank Regulation Won't End at Exec Pay
Friday, October 23, 2009
Leverage limits could put the public interest at odds with investors. MORE>>

NATIONAL REVIEW ONLINE
Weak Dollar, Oblivious Treasury?
Tuesday, October 20 2009
Conservatives can take comfort in the fact that the Treasury Department �s approach to the dollar is both realistic
and sensible. MORE>>

AHEAD OF THE CURVE
The Dollar's Fall: Deal With It
Friday, October 16, 2009
There are many forces pushing the dollar down, but investors can cope. MORE>>

AHEAD OF THE CURVE
A Great Start to Earnings Season, but...
Friday, October 9, 2009
Alcoa started promising, but the market is still too rich. MORE>>

AHEAD OF THE CURVE
Stocks Are Down? It's About Time!
Friday, October 2, 2009
A stock pullback is inevitable, but it's not necessarily bad. MORE>>

AHEAD OF THE CURVE
Thank Goodness We Can Borrow Again
Friday, September 25, 2009
A healthy credit market means the economy can mend itself. MORE>>

REASON MAGAZINE
Inflation Returns
October, 2009
The Fed fears unemployment more than rising prices. MORE>>

AHEAD OF THE CURVE
Just Remember, Everything Is Possible
Friday, September 18, 2009
Gold at $2,000 and 1970s-style inflation? It's not impossible. MORE>>

AHEAD OF THE CURVE
Inflation's Early Indicator? Gold
Friday, September 11, 2009
Alan Greenspan is watching gold. So should you. MORE>>

NATIONAL REVIEW ONLINE
Monetary Muddle
Thursday, September 10, 2009
If the Fed errs on the side of ease, significantly higher inflation will be inevitable. MORE>>

AHEAD OF THE CURVE
The Crisis Investing Scorecard
Friday, September 4. 2009
Donald Luskin identifies some investing lessons learned during the last year. MORE>>

AHEAD OF THE CURVE
Lessons From the Rally: Don't Be Greedy
Friday, August 28. 2009
Now that the market is up 50% in six months, here's what to do. MORE>>

THE WALL STREET JOURNAL
In Defense of "Flash" Trading
Thursday, August 27, 2009
It's no different from selling your house without a real estate listing. MORE>>

AHEAD OF THE CURVE
Whole Foods-Style Health Care
Friday, August 21. 2009
How the supermarket's plan trumps Obama's ideas. MORE>>

AHEAD OF THE CURVE
The Must-Read Thriller of the Summer
Friday, August 14. 2009
A new book reveals the Fed's moves during the financial crisis. MORE>>

AHEAD OF THE CURVE
This Bull Needs a Breather
Friday, August 7, 2009
The stock market's rally has been impressive, but don't expect it to go much higher soon. MORE>>

AHEAD OF THE CURVE
How Health-Care "Reform" Could Kill the Market's Rally
Friday, July 31, 2009
The current proposals will only lead to higher taxes and debt. MORE>>

THE WALL STREET JOURNAL
Can the Fed Identify Bubbles Before They Happen?
Wednesday, July 29, 2009
The New York Fed�s president says it can. If only it were that easy. MORE>>

NATIONAL REVIEW ONLINE
The Beginning of the End?
Tuesday, July 28, 2009
Are we through the worst of this economic downturn? MORE>>

AHEAD OF THE CURVE
Stocks Rally on Death of Health-Care Reform
Friday, July 24, 2009
Earnings season proves why higher taxes are bad for investors. MORE>>

AHEAD OF THE CURVE
This Health-Care Reform Might Tax Us to Death
Friday, July 17, 2009
The current health-care reform plan will be financially onerous to everyone. MORE>>

AHEAD OF THE CURVE
The Obama Administration's Six-Month Checkup
Friday, July 10, 2009
Obama ended the banking crisis, but let's hope he doesn't try to do more. MORE>>

AHEAD OF THE CURVE
Deciphering the Fed's Cryptic Messages
Friday, June 26, 2009
The Fed seems less worried about deflation, which is good for stocks. MORE>>

AHEAD OF THE CURVE
Where Do We Go From Here?
Friday, June 12, 2009
We're past the worst-case scenario, but the future's uncertain. MORE>>

AHEAD OF THE CURVE
Good News Has Arrived for Investors
Friday, June 5, 2009
Analyst profit estimates are up, and that's a good sign for the market. MORE>>

AHEAD OF THE CURVE
Attention, Economic Optimists: Not So Fast
Friday, May 29, 2009
The economy is starting to revive, but several obstacles could keep it from getting much better. MORE>>

AHEAD OF THE CURVE
The Mysteries of the Treasury Market Revealed!
Friday, May 22, 2009
Why China won't dump our bonds. MORE>>

AHEAD OF THE CURVE
Acclaimed Economist Says Recession Is Over
Friday, May 15, 2009
Peak unemployment claims show the recession may be over. MORE>>

AHEAD OF THE CURVE
Crisis Averted, Investors Are Wondering What's Next
Friday, May 8, 2009
We'll be living with the consequences of government intervention for years. MORE>>

AHEAD OF THE CURVE
Investors Are Scared, and That's the Good News
Friday, May 1, 2009
The main issue with our economy is the reluctant investor. But that can be fixed. MORE>>

NATIONAL REVIEW ONLINE
TARP Looking More Criminal by the Minute
Friday, April 24, 2009
The issue of TARP corruption may now extend from corporate CEOs and federal regulators to New York�s attorney general. MORE>>

HARD ASSET INVESTOR
The Upside-Down Bell Curve
Friday, April 24, 2009
HardAssetsInvestor.com caught up with Don to get his take on the outlook for gold and inflation. MORE>>

AHEAD OF THE CURVE
In the Face of Inflation, Gold's Luster Still Shines
Friday, April 24, 2009
The Federal Reserve's balance sheet bodes well for gold prices. MORE>>

AHEAD OF THE CURVE
Stocks Have Bottomed, but Don't Get Too Excited
Friday, April 17, 2009
The upside for stocks is limited so long as Washington keeps pushing its "fixes." MORE>>

NATIONAL REVIEW ONLINE
Next Steps
Monday, January 26, 2009
What, if anything, we should be doing to buttress the financial system. MORE>>

NATIONAL REVIEW ONLINE
Regrets?
Monday, December 22, 2008
TARP, reconsidered. MORE>>

NATIONAL REVIEW
Death by Rescue
Monday, November 17, 2008
How botched bailouts doomed companies that didn't need to fail. MORE>>

KRUGMAN TRUTH SQUAD
Krugman�s Posthumous Nobel
Tuesday, October 14, 2008
This year�s prize in economics goes to an economist who died a decade ago. MORE>>

THE WALL STREET JOURNAL
We Won't Suffer a Japanese Deflation
Wednesday, October 8, 2008
The risk here and now is inflation. MORE>>

NATIONAL REVIEW ONLINE
Of Interventions and Conservative Principles
Tuesday, September 22, 2008
Is the $700 billion authority necessary? Will it work? Is it morally justifiable? MORE>>

THE WASHINGTON POST
Quit Doling Out That Bad-Economy Line
Sunday, September 14, 2008
A nation of exaggerators: Things today just aren't that bad. MORE>>

THE WALL STREET JOURNAL
Divided Government Is Best for the Market
Friday, September 12, 2008
The evidence on presidents, economic growth and stocks. MORE>>

THE WALL STREET JOURNAL
Obama's Social Security Fine Print
Wednesday, June 25, 2008
How more taxes now will mean more taxes later. MORE>>

THE WALL STREET JOURNAL
Commodity-Price Scapegoats
Tuesday, June 3, 2008
Investment funds are not hoarding gas. MORE>>

THE WALL STREET JOURNAL
The Greenspan Myth
Thursday, September 13, 2007
The last thing Ben Bernanke should be worrying about is what his predecessor would have done. MORE>>

THE WALL STREET JOURNAL
Cap-Gains Logic
Friday, August 10, 2007
The revenue maximizing tax rate is almost surely zero. MORE>>

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