Wednesday, November 10, 2004
Friday, November 5, 2004
Bush struts his stuff, and the market applauds.
On Third Quarter GDP
Friday, October 29, 2004
Tuesday, October 26, 2004
It looks like the Fed may have found a new reason to stay too easy for too long.
Friday, October 15, 2004
The bad news is that oil is at $55. The good news is that the Fed isn't panicking.
Friday, October 8, 2004
Markets are assessing the dangerous interaction of a Kerry win and a Fed mistake.
Bonds: Sell 'Em While They're Hot
Friday, October 1, 2004
A mere data revision triggered a bond market rout -- and there are more revisions ahead.
Thursday, September 23, 2004
At 4%, bonds are priced on fantasies that growth is slowing and that the Fed is fighting inflation.
Monday, September 20, 2004
At these yields, the bond market needs the FOMC to be a lot gloomier than it's likely to be.
A Girlie Man Economy?
Thursday, September 9, 2004
Hardly. Politicized pessimism notwithstanding, animal spirits are very much alive and well.