It looks like the Fed may have found a new reason to stay too easy for too long.
Democrats say they will litigate the election -- and markets believe them.
Some important things are broken. But stocks are priced as though they can never be fixed.
The bad news is that oil is at $55. The good news is that the Fed isn't panicking.
Markets are assessing the dangerous interaction of a Kerry win and a Fed mistake.
Political markets, capital markets and labor markets are all recovering from extreme disequilibriums.
Bush missed the whisper number last night. Time to start whispering about October 8.
A mere data revision triggered a bond market rout -- and there are more revisions ahead.
At 4%, bonds are priced on fantasies that growth is slowing and that the Fed is fighting inflation.