John Snow's loose lips rocked the boat, but the Fed is the captain of the dollar's fate.
Monday, May 19, 2003
Gettin' While the Gettin's Good
Friday, May 9, 2003
The Fed's talk about deflation has delayed the day of reckoning for long Treasuries.
Wednesday, May 7, 2003
A muddled Fed contemplates applying monetary solutions to non-monetary problems.
Down Payment on a Miracle
Monday, May 5, 2003
Bush's tax cuts went to the House, and are coming out better than ever. But the Senate's another matter.
Thursday, April 24, 2003
The market's awakening isn't about last quarter's earnings -- it's about the gradual return of the preconditions for growth.
Half a Loaf?
Thursday, April 17, 2003
The shape of possible tax-cut compromise is beginning to emerge from the fog of legislative war.
A Bounce for Gold
Wednesday, April 9, 2003
With war-fear trades unwound and the Fed still committed to fighting deflation, gold has more upside than downside.
Better Than It Looks
Friday, April 4, 2003
Warning: data in the rear-view mirror is smaller than it appears.
Monday, March 31, 2003
Markets have been a lot more resilient than embedded Wall Street pundits appreciate.
Friday, March 21, 2003
It's time for the recovery of risk tolerance, and that means more bad news for Treasuries.