The banking crisis in Cyprus prompted an overdue financial reckoning that, with luck, will spell the end of "too big to fail."
Donald L. Luskin
Estimating the LSAP effect on the stock market
Saturday, March 23, 2013
We can estimate the value of stock purchases the Fed is enabling.
On the March FOMC
Wednesday, March 20, 2013
Steady as she goes in a weak expansion -- but maybe the first hint that LSAPs could end.
Is the Fed Moving the Stock Market?
Monday, March 11, 2013
The Fed isn't printing money, it's printing risk -- to the tune of $1 billion a day in US stocks.
On the February Jobs Report
Friday, March 8, 2013
A headline surprise hides slowing improvement in unemployment, and stays the Fed's hand.
The Crisis Score is Four for Four
Monday, March 4, 2013
Fiscal cliff, debt ceiling, sequesters and the continuing resolution -- done! But now what?
On Kuroda and Iwata at the BOJ
Monday, February 25, 2013
Abe picks doves and interventionists -- despite G-20 pressure, he has followed through.
The Incredible Shrinking Equity Risk Premium
Thursday, February 21, 2013
Stocks are vulnerable to correction because they're neither a value nor a growth proposition.
Do the Sequesters Matter?
Friday, February 8, 2013
Not so much. A "trillion in deficit reduction" is really only a $109 billion one-off spending cut.
On the January Jobs Report
Friday, February 1, 2013
Dramatic (but predictable) upward payroll revisions, and no effect on the Fed's Evans Rule.