Japan's anti-deflationary efforts remain mired in politics and incompetence.

Is the NASDAQ saying that tech is back, or just that investors are now more risk tolerant?

Bush's selection of Snow and Friedman dashes hopes that the administration will adopt a strong pro-growth policy agenda.

If Stephen Friedman is out of step with Bush's economic ideology, why did Bush pick him in the first place?

Stocks were spooked by deflation fears today, but signals from gold and the dollar say "don't worry."

There are both big positives and big negatives that could emerge from the Lott crisis -- while we wait, there's big uncertainty.

It's for sure now -- both gold and Greenspan are telling us unambiguously that the Fed "gets it" on deflation.

Hopes for pro-growth tax policy initiatives are worse than dead -- they've never even been born.

A macro view of the major US asset classes, and a new Model Position in bonds.

Bush's stodgy tax plan is blossoming into an important pro-growth initiative.