Lower equity risk premia -- check! Faster global growth -- not yet, but coming in 2014.
Donald L. Luskin
2013: The Year of Living Not Dangerously
Tuesday, December 31, 2013
On the December FOMC
Wednesday, December 18, 2013
Bernanke hands Yellen a fait accomplis, and a spoonful of sugar to help the medicine go down.
Stanley Fischer: Game of Chairs
Thursday, December 12, 2013
Is this brilliant man supposed to play Dick Cheney to Janet Yellen's George W. Bush?
On the November Jobs Report
Friday, December 6, 2013
We just hit 7% unemployment -- where Bernanke had promised tapering would be all done.
Yellen and Screamin' at the Fed
Thursday, December 5, 2013
Bernanke may taper in January, to defer the day when the FOMC rejects Yellen's leadership.
Regime Change for Equities
Tuesday, November 26, 2013
The mean equity risk premium will shift lower -- which means that stocks are still cheap.
Japan Breaks Out -- Does It Matter?
Tuesday, November 19, 2013
Abe had the guts to back off from carbon targets -- but so far it's his only profile in courage.
So Welcome to the Yellen Years
Friday, November 15, 2013
Rigid, dogmatic, nervous, poorly prepped -- and willing to deny the facts to defend policy.
On the October Jobs Report
Friday, November 8, 2013
Another upside surprise, in a world that is suddenly less risky and more growth-friendly.
On the November ECB Policy Decision
Thursday, November 7, 2013
With QE ruled out, the ECB has pretty much fired all its bullets. The euro area is on its own.