David Gitlitz doesn't agree that equity valuations got too high in the late 1990s -- but he and Luskin both think they're too high now.
Debating the Valuation Conundrum
Monday, May 13, 2002
Tuesday, May 7, 2002
The dollar is in a positive transition from excessive scarcity to a strong -- but non-deflationary -- position.
Where's the Risk?
Tuesday, April 23, 2002
For all the chatter about expansion, how come the markets won't bet on it?
Oil, the Middle East, and IBM
Thursday, April 11, 2002
Oil's just an excuse -- the truth is that the investment necessary to sustain recovery just isn't happening.
Time for a Reality Check
Friday, April 5, 2002
We know booms. Recovery, you are no boom.
BoJ Watch: The Incomprehensible Mr. Hayami
Thursday, March 28, 2002
The BoJ's chief provides a grim reminder of the tremendous institutional obstacles to anti-deflationary policies.
The Fever Breaks
Tuesday, March 26, 2002
Today may have been an inflection point -- the market saw the media celebration over consumer confidence, but listened to Bob McTeer.
Monday, March 18, 2002
Wall Street may have already made up its mind, but Greenspan's careful signals mean a shift into neutral tomorrow is no better than a 50/50 proposition.
Friday, March 15, 2002
A recovery may be just beginning. Now let's hope the Fed doesn't fight inflation that's not there -- again!
BoJ Watch: The Yen Paradox
Friday, March 8, 2002
How come the yen is surging just when the BoJ promises to reflate?