The conventional wisdom is catching up to the market in seeing the economic expansion -- and that presents some new risks.

If the Fed refuses to learn from inflationary history, are we doomed to repeat it?

400 is just a number. Gold is just a barbarous relic. And Helen of Troy was just a woman.

Markets think that the Fed isn't going to be quite as reckless as its rhetoric.

Despite what the Fed says, forward-looking market-based metrics point to inflation.

Since the tax cuts, the administration's policy moves have given markets little to cheer.

The jobs report can only reinforce the Fed's increasing recklessness.

In stocks, a new fastest horse emerges as the reflationary expansion turns inflationary.

Geopolitical/military risk is one thing -- and monetary risk is another.

The Fed's campaign to lower long-term yields and increase inflation is a dangerous bait-and-switch.