Risking the errors of 1937 and 1930, this is where we either learn from history or repeat it.

Buy the dip in gold. Global reflation remains the dominant strategic factor.

Today's go-nowhere numbers put pressure on congressional incumbents and the Fed.

Gold, sure. But do rising stocks really mean more Fed asset purchases will boost growth?

Correction is inevitable, but our instinct is that there will be a better moment to sell.

The new conventional wisdom is QE will be small -- but committees do unexpected things.

The "Zarnowitz Law" has been repealed. After a record drop, the economy refuses to grow.

The battle to extend Bush-era tax rates will be the first test for a new political alignment.

If it's sell on the news for QE2, buy the dip: the Fed won't quit till it works.

Upgrading our view on stocks and the economy, with no crazily optimistic assumptions.