Savings, in decline for two decades, is a sign of risk aversion. Wealth, at all time highs, is a sign of growth.

Does the Fed chair mean it when he says that maximum employment and price stability are compatible?

It's good that there's nothing restrictive about a 5% funds rate -- because the Fed is going even higher.

When infected birds show up on US soil this year, it will be a further windfall for biotech companies.

The big move down in bonds reflects both shifting Fed expectations and growing inflation worries.

Updates on extending the 2003 tax cuts, and the avian influenza theme.

Bernanke plumbs the yield curve's mysteries, but his economic outlook is clear -- and bad for bonds.

How can stocks and interest rates make new highs at the same time?

Bird flu theme takes flight, stock-friendly Fed news, protectionism recedes.