TRENDMACRO LIVE! On the January Jobs Report Friday, February 3, 2012 Donald Luskin A big surprise -- merely average jobs growth! But where are the FOMC's "significant risks"? MORE>> TRENDMACRO LIVE! On Q4 2011 GDP Friday, January 27, 2012 Donald Luskin Four years after the last business cycle peak, real output has grown less than 1%. MORE>> TRENDMACRO LIVE! On the January FOMC Wednesday, January 25, 2012 Donald Luskin Today's real news: the Fed implicitly confesses it will not pay attention to inflation anymore. MORE>> MACROCOSM Risk Reappraisal Friday, January 20, 2012 Donald Luskin Stocks rise as earnings disappoint, while investors rethink how risky the world really isn't. MORE>> MACROCOSM S&P Reprise Reprieve Tuesday, January 17, 2012 Lorcan Roche Kelly Europe's downgrade was an already discounted non-event -- but all the old issues remain. MORE>> TRENDMACRO LIVE! On the January ECB Rate Decision Wednesday, January 12, 2012 Lorcan Roche Kelly The ECB has done enough for the moment -- and maybe enough for the banks. MORE>> MACROCOSM Cash for Gold! Wednesday, January 11, 2012 Donald Luskin Gold should rally as the market realizes the ECB has embarked on major QE. MORE>> MACROCOSM Le Collateral Friday, January 6, 2012 Lorcan Roche Kelly Altruism or desperation? French banks just listed 8,067 new instruments with the ECB. MORE>> TRENDMACRO LIVE! On the December Jobs Report Friday, January 6, 2012 Donald Luskin This supposedly big upside surprise in jobs was neither big nor surprising. MORE>> MACROCOSM 2011: A Lost Year Thursday, December 29, 2011 Donald Luskin So much risk -- yet nothing happened. Sadly, the key risks of 2011 are still in place for 2012. MORE>> MACROCOSM Europe's Wall of Liquidity Wednesday, December 21, 2011 Lorcan Roche Kelly and Donald Luskin The risk of a Lehman-like banking crisis for Europe is essentially off the table now. MORE>> TRENDMACRO LIVE! On the December FOMC Tuesday, December 13, 2011 Donald Luskin A more optimistic Fed isn't likely to ease, but there are new sources of global liquidity.MORE>> MACROCOSM E Pluribus 26 Monday, December 12, 2011 Lorcan Roche Kelly It could only happen in Europe -- a summit that strengthens integration loses the UK. MORE>> TRENDMACRO LIVE! On the ECB Monetary Policy Decisions Thursday, December 8, 2011 Lorcan Roche Kelly and Donald Luskin The ECB met expectations, but dashed hopes. But spillovers may mean de facto Fed QE3. MORE>> TRENDMACRO LIVE! On the November Jobs Report Friday, December 2, 2011 Donald Luskin It's an illusion. If the economy were sharply improving, unemployment would go up. MORE>> MACROCOSM It Only Feels Like Blood in the Streets Thursday, December 1, 2011 Donald Luskin Stocks are still very cheap, with little risk of recession, and a bet that Europe will survive. MORE>> MACROCOSM Saved by an Acronym Wednesday, November 30, 2011 Lorcan Roche Kelly Europe's alphabet soup is getting cold. But there's a new recipe cooking. MORE>> MACROCOSM Europe's New Lenders of Last Resort Tuesday, November 29, 2011 Lorcan Roche Kelly Three more national central banks now engage in Emergency Liquidity Assistance. MORE>> MACROCOSM QE Nein Wednesday, November 23, 2011 Lorcan Roche Kelly Europe's long-term vision needs a short-term ECB lifeline -- but prejudice and politics block it. MORE>> TRENDMACRO LIVE! On the Super-Committee Failure Tuesday, November 22, 2011 Donald Luskin We're shocked... shocked! ...to find failure going on in this congress. MORE>> THOUGHT CONTAGIONS Europe Gets MAD Tuesday, November 15, 2011 Donald Luskin G-Pap opened Pandora's Box -- stocks are amazingly strong facing new risk of euro dissolution. MORE>> MACROCOSM Rome Makes Athens Look Good Thursday, November 10, 2011 Lorcan Roche Kelly Greece moves along the road to political stability, and Italy grudgingly steps onto it. MORE>> TRENDMACRO LIVE! On the October Jobs Report Friday, November 4, 2011 Donald Luskin The numbers were good. No recession here. But the numbers were small. No growth, either. MORE>> TRENDMACRO LIVE! On the November ECB Rate Decision Thursday, November 3, 2011 Lorcan Roche Kelly Draghi starts to unwind Trichet's errors, and keeps Europe's debt safety net in place. MORE>> MACROCOSM Papandemonium! Thursday, November 3, 2011 Lorcan Roche Kelly The Euro area calls Papandreou's referendum bluff. There are limits to debtor's leverage. MORE>> TRENDMACRO LIVE! On the November FOMC Wednesday, November 2, 2011 Donald Luskin A darker forecast now explains "operation twist" -- and the Fed stands ready to do more. MORE>> TRENDMACRO LIVE! On the Greek Referendum Surprise, Volume 2 Wednesday, November 2, 2011 Lorcan Roche Kelly Markets will flail until Europe passes the biggest test yet of its muddle through crisis strategy. MORE>> TRENDMACRO LIVE! On the Greek Referendum Surprise Tuesday, November 1, 2011 Lorcan Roche Kelly Deja vu for world markets -- Greece ups the ante of panic once again. MORE>> MACROCOSM Not Crazy, Still Cheap Monday, October 31, 2011 Donald Luskin Stocks have soared as the equity risk premium has mean-reverted. Where to from here? MORE>> TRENDMACRO LIVE! On the Europe Summit Thursday, October 27, 2011 Lorcan Roche Kelly A 50% Greek default -- and the only contagion is a celebration in global stock markets. MORE>> TRENDMACRO LIVE! On Q3 2011 GDP Thursday, October 27, 2011 Donald Luskin How can 2.5% growth be at consensus, when the consensus expects a recession? MORE>> MACROCOSM Agree to Agree... on Wednesday Monday, October 24, 2011 Lorcan Roche Kelly Europe fired blanks at the weekend's summit. One more chance for a real shootout. MORE>> MACROCOSM It's This Simple Thursday, October 20, 2011 Donald Luskin Either Europe blows up, or not. When it doesn't, we'll learn how much damage we've taken. MORE>> MACROCOSM Six Days to What? Monday, October 17, 2011 Lorcan Roche Kelly A resolution to the Greek crisis is a key coming catalyst, but Europe's woes will remain. MORE>> MACROCOSM Stress Test for Europe's Banks, and Its Politics Tuesday, October 11, 2011 Lorcan Roche Kelly Dexia's failure clarifies Europe's mind on banks -- now we wait for Slovakia's EFSF vote. MORE>> TRENDMACRO LIVE! On the September Jobs Report Friday, October 7, 2011 Donald Luskin An upside headline surprise -- still weak, but encouraging when you look deeper inside. MORE>> TRENDMACRO LIVE! On ECB and BOE October Rate Decisions Thursday, October 6, 2011 Lorcan Roche Kelly Massive QE for the UK, and continued growth-killing rates for the Euro area. MORE>> MACROCOSM Europe Fails, US Stocks Flail Tuesday, October 4, 2011 Donald Luskin and Lorcan Roche Kelly The stench of systemic risk from Europe drives stocks to generational value levels. MORE>> MACROCOSM Infectious Fear Thursday, September 22, 2011 Donald Luskin Recession creeps closer -- but absent a systemic hard-stop, stocks are amazingly cheap. MORE>> TRENDMACRO LIVE! On the September FOMC Wednesday, September 21, 2011 Donald Luskin Another minimalist "do something" move, with three dissents -- against "significant" risks. MORE>> MACROCOSM Greece: Down to the Wire Tuesday, September 20, 2011 Lorcan Roche Kelly It's hard bargaining as usual, but default will be deferred until the new EFSF is ready to go. MORE>> MACROCOSM Too Few Good Men Friday, September 9, 2011 Donald Luskin and Lorcan Roche Kelly Trichet almost admits his mistake, Obama repeats his, and Bernanke maintains course. MORE>>