Don't worry about Ahmadinejad. Worry about Bernanke.

Why trade is good, why protectionism is bad, and why countervailing duties on Chinese paper are only a small step in the wrong direction.

Bernanke used to think low inflation was consistent with steady growth -- now it seems he can't decide between them.

The correction was a correction -- it has about run its course, with inflation plays in the lead.

Bonds bulls will seize on anything -- even inflation statistics distorted by NCAA basketball.

One company at a time, the forward consensus isn't worried about the latest crisis du jour.

There's still no evidence whatsoever of housing contagion, and lots more evidence of inflation.

The Fed is letting 5% of the economy make 100% of its policy decisions.

After a dreary winter, the economic bears may have to stay in hibernation.

The two forces most likely to derail the economy -- the Fed and the Democratic congress -- have both put themselves on the sidelines.