Most investors don't "get it" that inflation is alive short-term, and that disinflation is dead long-term.
Small improvements in reported inflation only open the door for large policy error.
Equities are hostage to resolution on inflation and the election.
Junk bonds could soon face a double-headwind from inflation and Fed rate hikes.
Gradualism means the Fed is not so gradually falling behind the inflationary curve.
This time it really is different: today's high oil prices don't have to mean a rerun of "That 70's Show."
This isn't the 1970s -- today's oil prices don't have to be an obstacle to expansion.
With the world supposedly falling apart, why isn't the market more scared?
Tightening cycles can be good for stocks -- if the Fed gets it right for a change.
Does the drop in gold mean an end to inflationary risk? Not by a long shot.