When it comes to monetary policy, a picture may be worth 100,000 of Alan Greenspan's words.
Bush's tax cuts went to the House, and are coming out better than ever. But the Senate's another matter.
If the administration is going to sell its tax-cuts, it had better change its pitch.
The market's awakening isn't about last quarter's earnings -- it's about the gradual return of the preconditions for growth.
The shape of possible tax-cut compromise is beginning to emerge from the fog of legislative war.
It's back to business for the economy and for President Bush.
The market doesn't want to wait for Bush's tax-cuts -- but a rush to cut a lousy deal is even worse.
With war-fear trades unwound and the Fed still committed to fighting deflation, gold has more upside than downside.
Warning: data in the rear-view mirror is smaller than it appears.
The war comes first. Nevertheless, the market underestimates the chances for pro-growth tax-cuts.