Will the Fed fall into the inflationary trap of using monetary policy to deal with non-monetary problems.
Jobs, Uncertainty and the Fed
Monday, March 10, 2003
Tuesday, March 4, 2003
Iraq risk has been kind to Treasuries -- but what happens after that risk is resolved?
Lifting the Fog of War
Wednesday, February 19, 2003
Markets are not comforted by deferring the decision to go to war -- markets want resolution, and that's probably not far away.
The Brightening Capex Outlook
Tuesday, February 11, 2003
The recession's signature malady -- depressed capital investment -- is quietly beginning to turn around.
The Too-Big Easy?
Friday, January 31, 2003
There's no inflationary impulse in the Fed's accommodative stance -- yet. But it's time to start watching.
Thursday, January 23, 2003
A market addicted to bad news is overlooking some fundamental positives.
The Curse of Rubinomics
Wednesday, January 15, 2003
The dead hand of Clinton-era economic fallacies puts Bush's tax package at risk.
Born-Again Growth Advocacy
Wednesday, January 8, 2003
Bush's stodgy tax plan is blossoming into an important pro-growth initiative.
Gameplan for the New Year
Monday, January 6, 2003
A macro view of the major US asset classes, and a new Model Position in bonds.
Bush's Tax Cuts: Curb Your Enthusiasm
Thursday, January 2, 2003
Hopes for pro-growth tax policy initiatives are worse than dead -- they've never even been born.