Oil and jobs mean higher levels of political and monetary risk -- but the economy is still robust and stocks are very cheap.
Donald L. Luskin
Oil, Jobs and Equities
Friday, August 6, 2004
On the No-Bounce Bounce
Tuesday, August 3, 2004
Just Chute Me
Thursday, July 29, 2004
Over-excited fantasies have elevated risk premiums at the bottom of the trading range.
Tech: A Trading Value Play
Tuesday, July 20, 2004
Back at the bottom of the trading range, the Technology Sector looks cheap in relative and absolute terms.
The Ghosts of 2000
Thursday, July 15, 2004
Intel's earnings report evokes the precipice before the fall -- but that was then and this is now.
The Republic of Hanging Chad
Wednesday, July 7, 2004
Markets twist in the wind while tax and monetary policy are up for grabs.
Friday, June 25, 2004
You can't fight the numbers: trusting the Fed has been an expensive mistake.
Coming to Terms with Inflation Reality
Monday, June 21, 2004
Most investors don't "get it" that inflation is alive short-term, and that disinflation is dead long-term.
Summer of our Discontent
Monday, June 7, 2004
Equities are hostage to resolution on inflation and the election.
More Thoughts on $40 Crude
Wednesday, May 26, 2004
This time it really is different: today's high oil prices don't have to mean a rerun of "That 70's Show."