Greenspan belatedly returns to the gold standard, but the Bernanke Fed isn't following.

The Fed had to fix its bond boo-boo first, but now it's free to inflate -- and it will.

It's ironic -- the carry trade that makes Treasuries look great now is what will make them big losers.

Okay, so the Fed won't be easy forever. Just almost forever.

To control inflation, they may have to choose between high rates and rising currencies.

Believe it: the crisis of deflation has been turned into the problem of inflation.

For Treasury, it's not a problem at all -- and even if it is, it's the Fed's.

With VC funding and IPOs still depressed, the growth engine is likely to sputter.

The world fumes while Geithner says it's Bernanke's problem and Bernanke says its Congress's problem

Next week the FOMC will repeat its assurance to keep rates low for "an extended period."