The conventional wisdom is always wrong -- but when it comes to the dollar, it's dangerously wrong.
How much worse will the Fed let inflation risks get? And when will bonds take notice?
There's still air in the "bubble of fear" -- and room on the upside for stocks.
There's one man in the world who can save the falling dollar -- and he won't do it.
No -- bonds are as wrong as the Fed is if they imagine there is no inflation threat.
There's a lot of talk about the dollar now -- all of it dangerous, and none of it right.
Election: click. Oil: click. Economy: click. The Fed: clunk!
Bush wins. Stocks win. And the political futures markets win.
Bush struts his stuff, and the market applauds.