Long Treasuries aren't budging as "liftoff" nears: it's going to be "one-or-two and reversed."
Donald L. Luskin
Thank God for Yellen's Conundrum
Thursday, December 10, 2015
On the November Jobs Report
Friday, December 4, 2015
With the ECB's move, enough to justify a "liftoff" mistake. But it could be "one and reversed."
One Small Step -- In the Wrong Direction
Monday, November 23, 2015
The Fed seems committed to a deflationary policy error. Hopefully it will be a small one.
On the Paris Terror Attacks
Monday, November 16, 2015
Animal spirits in the aftermath offset the "terror tax." If only it had driven oil prices higher.
On the October Jobs Report
Friday, November 6, 2015
A big contradiction to our recession call. Liftoff now seems certain -- but likely still a mistake.
On the October FOMC
Wednesday, October 28, 2015
A pack of lies to save the pride of an ailing Yellen. Fortunately, nobody believes her.
The Rally in the Recession
Tuesday, October 20, 2015
A disastrous earnings season, but oil has stabilized and the Fed is in revolt against Yellen.
How to End a Correction with a Recession
Friday, October 9, 2015
If oil has bottomed, and bad data keeps the Fed on hold, then it's a 7-year streak for stocks.
On the September Jobs Report
Friday, October 2, 2015
A big blow to the labor market, and an even bigger blow to what's left of the Fed's credibility.
I Really Didn't Say Everything I Said
Thursday, September 24, 2015
It's risk-off since Yellen flubbed last week's FOMC. Now QE4 may come before "liftoff."