A macro view of the major US asset classes, and a new Model Position in bonds.
Hopes for pro-growth tax policy initiatives are worse than dead -- they've never even been born.
It's for sure now -- both gold and Greenspan are telling us unambiguously that the Fed "gets it" on deflation.
There are both big positives and big negatives that could emerge from the Lott crisis -- while we wait, there's big uncertainty.
Stocks were spooked by deflation fears today, but signals from gold and the dollar say "don't worry."
If Stephen Friedman is out of step with Bush's economic ideology, why did Bush pick him in the first place?
Bush's selection of Snow and Friedman dashes hopes that the administration will adopt a strong pro-growth policy agenda.
Is the NASDAQ saying that tech is back, or just that investors are now more risk tolerant?
Japan's anti-deflationary efforts remain mired in politics and incompetence.
In the last month's recovery, technology stocks have become extremely overvalued relative to the rest of the market.