Bernanke's Quagmire
The Fed will cause a real recession by trying to prevent an illusory one.
The Fed will cause a real recession by trying to prevent an illusory one.
The Fed dug itself deeper in inflation denial yesterday, which raises the price the economy will have to pay tomorrow.
The Fed will spin this week's numbers to stay sidelined, but a closer look reveals continued growth and inflation.
We're delighted to see stocks up and gold down -- but don't break out the champagne just yet.
Why the bullish short term can only be so good, and why the bearish long term might only be so bad.
Bonds are very vulnerable: they're tracking Fed rhetoric, not reality.
Bond bulls are in the money -- but it's based on dreams, and reality is on the way.
Modest positives rule the near term, but inevitable negatives are just over the horizon.
Gold would have to drop another $200 to truly relieve inflation pressures.
Renewed conviction that inflation is dead hangs on a thread less than a hundredth of a percent thick.