Widespread misunderstanding of today's deflation threat may be as dangerous as deflation itself.
Take a deep breath and have a calm look at the dollar and the coming tax cut.
John Snow's loose lips rocked the boat, but the Fed is the captain of the dollar's fate.
The Fed's talk about deflation has delayed the day of reckoning for long Treasuries.
A muddled Fed contemplates applying monetary solutions to non-monetary problems.
When it comes to monetary policy, a picture may be worth 100,000 of Alan Greenspan's words.
Bush's tax cuts went to the House, and are coming out better than ever. But the Senate's another matter.
If the administration is going to sell its tax-cuts, it had better change its pitch.
The market's awakening isn't about last quarter's earnings -- it's about the gradual return of the preconditions for growth.
The shape of possible tax-cut compromise is beginning to emerge from the fog of legislative war.