For good or for ill, the Fed's ultra-easy policy stance has a new lease on life.

Stocks will have to obey Stein's Law: "If something cannot go on forever, it will stop."

The data is already showing a sub-par recovery from recession.

Job losses continue to slow, but unemployment is more of a "roach motel" than ever.

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.