Surely the Fed must at least privately acknowledge the evidence that disinflation is over. Now -- will they act?
Disinflation: Public Face vs Private Reality
Monday, October 20, 2003
Monday, October 13, 2003
Stubborn inflation risks point to the dangers of the administration's currency gambit.
Back From the Inflationary Brink
Monday, October 6, 2003
Evidence of jobs recovery may save the Fed from an all-too-familiar policy error.
Treasuries: Face the Inevitable
Thursday, October 2, 2003
Accelerating growth and inflation risk mean that Treasuries are headed for a big fall.
IPOs Say Go
Tuesday, September 30, 2003
The talk remains gloomy -- but the encouraging action in IPOs and high-yield debt speaks louder than words.
Tuesday, September 23, 2003
Treasury's ill-advised shift to an "activist" dollar policy carries potentially ominous domestic and international implications.
Gold at $380
Wednesday, September 10, 2003
The Fed's confused belief that its role is to regulate the labor market is again putting monetary risk in play.
August Jobs Report -- What It Doesn't Mean
Friday, September 5, 2003
A grim-looking labor market doesn't directly threaten the expansion, but carries risks of its own.
Labor, Capital, Confusion
Tuesday, September 2, 2003
Productivity is not the enemy of job creation -- it is indispensable to it.
Japan's Reflation Clouded By Doubt
Tuesday, August 26, 2003
The conventional wisdom expects Japanese recovery -- but the dangerous dynamics of deflation may still be very much alive.