Don't forget that there's a currency play here too -- but you have to go to a little extra trouble to make it.
Donald L. Luskin
On the Road to Equilibrium
Monday, February 4, 2002
The markets are still out of whack, but the worst excesses of misvaluation have been repaired.
Enron, Krugman, and the Public Intellectuals
Monday, January 28, 2002
Paul Krugman and other pundits got splashed with Enron's mud last week. Should anyone care?
Biotech Comes Down With Enronitis
Thursday, January 24, 2002
The ImClone imPlosion has made a risky sector look even riskier. But that's not all that ails biotech.
Sobering Up
Tuesday, January 22, 2002
That New Year's party was fun. But now the markets and the economy are facing a deflationary reality that doesn't have a super-V in it.
Greenspan's Message, and Why It Clocked Stocks
Monday, January 14, 2002
In both text and subtext, Greenspan's message was bad news for equities.
Don't Blame the Long Bond!
Monday, January 7, 2002
The huge gap between bond yields and the "earnings yield" of stocks is all across the curve.
A Little Problem of Reality
Friday, January 4, 2002
The stock market is off with a bang for the new year. Can the real world possibly keep up?
The 1990s Boom-and-Bust: Learning the Wrong Lessons
Monday, December 31, 2001
How can we hope to restore the prosperity of the 1990s when no one understands why it ended?
Don't Believe Everything You Read Over and Over Again
Monday, December 24, 2001
There's a myth out there about the stock market signaling robust recovery. But believing it doesn't make it true.