Look carefully at the numbers: the data just doesn't support the end-of-the-world thesis.

The monoline insurer crisis is uniquely dangerous, and the Fed is losing credibility at the same time.

Even as it saves the world, the Fed can't quite get it right.

The Fed won't dare disappoint rate cut expectations. But data could change the long-term game.

The Fed's appeasement of market panic has brought us to where further rate cuts may do more harm than good.

Recent data supports both optimism and pessimism, but we're still on the upbeat side.

The ascendance of Barack Obama brings anti-growth political risk into focus.

The ECB is poised for excessive ease, weakening the euro but not strengthening the dollar.

Passive and gradualist, the Fed is prolonging the credit crisis and the soft-spot.

If you didn't short risky credits, being long inflation has been the place to be.