Don Luskin

Don Luskin is Chief Investment Officer for Trend Macrolytics, an economics research and consulting service providing exclusive market-focused, real-time analysis to the institutional investment community. You can visit the weblog of his forthcoming book ‘The Conspiracy to Keep You Poor and Stupid’ at www.poorandstupid.com. He is also a contributing writer to SmartMoney.com.

Creating Unemployment

Her's a fantastic idea that will make everybody richer. Let's pass a law setting a minimum price on used cars. How about, say, $15,000? If you've got an old beater you want to sell, and you were worried that you'd only get a couple thousand bucks for it, then this law...

Advice for 2004

Last week was my 2003 year-in-review column. This time it's about 2004, the year ahead. I do think we'll have another good year. I'll explain why, but I'll also talk about what I see as one significant risk factor. And I'll give you an idea for how to invest in a way...

Vanity Fair on President Bush’s Failures

Graydon Carter, the editor of Vanity Fair, may be the all-powerful arbiter of what's hot and what's not in celebrity culture. But now, having declared Paul Krugman a "national treasure," Carter is trying to reinvent himself as an angry liberal, devoting his monthly...

It’s The Tax Cuts Stupid!

Stock market punditry is a tough game, and victories are few and far between even for the best of us. So when a victory comes along, you do a victory lap. The third quarter's gross-domestic product growth rate of 7.2% was a big victory. Representing the biggest...

The Market’s “Retarded Potential”

For the last several weeks, the expression "retarded potential" has been rattling around in my head, without having any idea what it means. So I Googled it, and it turns out that it has something or other to do with the physics of electromagnetism. Lots of equations...

The NYSE: Use It, Then Lose It!

I hate the New York Stock Exchange. I admit it -- I hate the place. I always have and I always will. So even though I have no objection to executives earning huge salaries and bonuses, I've been positively tickled to see the NYSE dragged through the mud over ex-Chief...

Beware of Bonds As The Economy Improves

A month ago, I wrote about the how the Fed led Wall Street bond traders into a billion-dollar trap, by promising to keep interest rates low virtually forever, and then just weeks later, hinting that it would break the promise. You'd think "once burned, twice shy" --...

Watch Out for the Pander Bears

I hate to say it, but it's looking like my technician friend Fred Goodman was right when he issued a sell signal a couple of weeks ago. Yes, earnings are surging and the economy-wide recovery is accelerating, with the technology sector leading the way. But in case you...

The Jobs Glass Is More Than Half Full

You can't open the financial pages without hearing about our "jobless recovery." There's no end to the hand-wringing about how gross domestic product, corporate profits and consumer spending are all moving up smartly -- yet the economy seems steadily to have fewer and...

Tough Issues Challenging Stock Investors

I get lots of terrific letters from readers (both roses and thorns, I assure you). But one I got last week takes the prize. It's a list of penetrating questions about all of the toughest issues challenging stock investors. The minute I saw it I knew what today's...

Paul Krugman Unraveled

Paul Krugman's book, The Great Unraveling, hits bookstores today. Are you surprised that Krugman's publisher, W.W. Norton, has repeatedly refused my requests for a review copy of the book? Despite this inexplicable omission, America's most dangerous liberal pundit is...

Mutually Assured Destruction

For all the outrage and indignation voiced by the media and our public servants, the market didn't seem terribly concerned by last week's scandalous revelation that a hedge-fund manager had illegally profited at the expense of mutual-fund shareholders. That's powerful...

Mortgage Markets: In Control

In writing so much about Paul Krugman I have, to some extent, become distracted from writing about the most common and most dangerous media manifestation of the conspiracy to keep you poor and stupid. Krugman's only a very special case of it: his writings about the...

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