A Bounce for Gold
With war-fear trades unwound and the Fed still committed to fighting deflation, gold has more upside than downside.
With war-fear trades unwound and the Fed still committed to fighting deflation, gold has more upside than downside.
The market doesn't want to wait for Bush's tax-cuts -- but a rush to cut a lousy deal is even worse.
It's back to business for the economy and for President Bush.
The shape of possible tax-cut compromise is beginning to emerge from the fog of legislative war.
The market's awakening isn't about last quarter's earnings -- it's about the gradual return of the preconditions for growth.
If the administration is going to sell its tax-cuts, it had better change its pitch.
Bush's tax cuts went to the House, and are coming out better than ever. But the Senate's another matter.
When it comes to monetary policy, a picture may be worth 100,000 of Alan Greenspan's words.
A muddled Fed contemplates applying monetary solutions to non-monetary problems.
The Fed's talk about deflation has delayed the day of reckoning for long Treasuries.