It's official: the Fed is fighting deflation by monetizing debt.

Markets applaud PPPIP, but the Fed signals that enough is enough.

TALF 2.0 makes the Fed's balance sheet both bigger and stickier.

Inflation can take hold even in a sluggish and credit-impaired economy.

The IMF doesn't determine the gold price. The Fed's response function does.

The Fed sees the inflation risk in its huge balance sheet -- but there's nothing it can do.

Wells Fargo's pre-announcement is encouraging, but don't generalize it to all banks.

SDRs are inflationary helicopter money, and IMF aid does more harm than good.

The risk of a near-term "bag run," and a long-term drag on the whole banking sector.

High yield spreads say the worst is over, but they're not yet fully predicting recovery.