Markets twist in the wind while tax and monetary policy are up for grabs.
Gold tells the tale the Fed would rather be left unsaid.
You can't fight the numbers: trusting the Fed has been an expensive mistake.
Most investors don't "get it" that inflation is alive short-term, and that disinflation is dead long-term.
Small improvements in reported inflation only open the door for large policy error.
Equities are hostage to resolution on inflation and the election.
Junk bonds could soon face a double-headwind from inflation and Fed rate hikes.
Gradualism means the Fed is not so gradually falling behind the inflationary curve.
This time it really is different: today's high oil prices don't have to mean a rerun of "That 70's Show."