Euro area inflation is far below the ECB's target -- but why take any risk to fix it?

Too surprising and too out-of-pattern. It will be revised away, and won't deflect tapering.

The pro-growth policy outlook has only improved with Christie's artful crisis management.

It takes two tapers to make a trend, and a locked-in fait accomplis for Yellen.

If tapering QE made last week's turbulence, then failing to taper only adds to global risk.

The emerging markets currency crisis doesn't even get a mention. Tapering is now the trend.

Beating the "new normal" now for three quarters running. Beating the "old normal," too.

Economic effects of the cold are exaggerated -- and so is the threat from emerging markets.

Can't blame the weather this time. But now we're just 8 basis points from the Evans Rule.

They're the best performers in 2014, despite assaults from emerging markets and Germany.