Geopolitical/military risk is one thing -- and monetary risk is another.
In stocks, a new fastest horse emerges as the reflationary expansion turns inflationary.
The jobs report can only reinforce the Fed's increasing recklessness.
Since the tax cuts, the administration's policy moves have given markets little to cheer.
Despite what the Fed says, forward-looking market-based metrics point to inflation.
Markets think that the Fed isn't going to be quite as reckless as its rhetoric.
400 is just a number. Gold is just a barbarous relic. And Helen of Troy was just a woman.
If the Fed refuses to learn from inflationary history, are we doomed to repeat it?
The conventional wisdom is catching up to the market in seeing the economic expansion -- and that presents some new risks.
Risks abound, but is it time to stop worrying and love the expansion?