As corporate earnings attempt to recover in 2002, they face a huge locked-in obstacle from lower pension returns -- no matter how well the market performs.
Donald L. Luskin
Options Legislation would Bring On a Tech Industry Depression
Tuesday, March 26, 2002
Kicking Silicon Valley when it’s down with a huge tax increase is a dangerous idea.
The NASDAQ's Wyle E. Coyote Recovery
Thursday, March 21, 2002
There's lots of happy-talk about recovery. But we still say the NASDAQ is fighting the tides of value, risk and history.
Beware of Senators Bearing Tax Hikes
Friday, March 15, 2002
Don't kid yourself that S.1940 is about earnings transparency. It's all about hidden taxes.
Intel: Dead in the Water
Friday, March 8, 2002
The economy is supposed to be recovering. So why isn't Intel?
A Gnash Equilibrium?
Monday, March 4, 2002
Stocks have been in a violent trading range -- valuation risks still cap the upside, and eternally springing hopes for a "V" recovery provide the floor.
Greenspan's Q&A: Hot Spots and High Points
Thursday, February 28, 2002
If you didn't catch the Q&A following Greenspan's congressional testimony, here are the lecture notes, annotated and linked.
Penron II: More Pension Tension
Wednesday, February 27, 2002
Enron's new pension scam will throw light on ugly pension realities across the board.
Enronic Cleansing: Be Warned
Friday, February 22, 2002
The New York Post stories about Cisco are a template for attacking every technology company in America.
Penron? Truth and Hype about "The Pension Bomb"
Tuesday, February 19, 2002
The impact of pension problems on earnings and balance sheets is bad enough without imagining it's another Enron.