It feeds the tapering beast. But the labor market hasn't improved, and deflation threatens.
Donald L. Luskin
US Fixed Income Strategy: The Fed Irrelevancy Hypothesis
Tuesday, July 2, 2013
QE has no effect on yields. They've been rising for a year because systemic risk is lower.
Taper Your Tapering Expectations
Thursday, June 27, 2013
Threats in credit markets, and weak data, make it unlikely the Fed will taper as planned.
On the June FOMC
Wednesday, June 19, 2013
One dissent over inflation risk. Another over deflation risk. And by the way, no tapering.
To Taper or Not to Taper?
Monday, June 17, 2013
Rising Treasury yields may be saying the Fed doesn't need so much foam on the runway.
On the June BOJ Policy Meeting
Tuesday, June 11, 2013
The BOJ wisely sticks to its strategy -- higher JGB yields mean that it's working.
On the May Jobs Report
Friday, June 7, 2013
By Bernanke's own metric, the labor market just got worse. How can the Fed taper now?
On April Income and Consumption
Friday, May 31, 2013
This can't go on. Consumption tracks 2012's sluggish trend, while disposable income falls.
Japan: At Long Last a Correction
Friday, May 31, 2013
The BOJ can't have both higher inflation and lower yields -- but that's making a buyable dip.
QE Steps Down Before Bernanke Does?
Thursday, May 23, 2013
His signal was unmistakable. But with deflation risk increasing, he can't follow through.