If you believe the "recovery" story, you naturally think inflation will pick up and bonds will go down. You should be a vigilante. You should sell bonds. Bonds should go down.

Is the Great Correction over?  Where will this end?  Bankruptcy?  Hyperinflation?  Or revolution?

As more and more people are caught up in the system -- as either knave, enabler, or accomplice -- the more the system becomes zombified.

Ben Bernanke prints money, but the money never gets into the consumer economy.

How come prices are shooting up now?  Why didn't they shoot up four years ago?  Or four years ago?  Or last year?  What has changed?

Capitalism is a process of creative destruction. New wealth is created. Old wealth is destroyed. Unless the feds can make time stop, these great successes of today will be the great failures of tomorrow.

Gold is what you buy when you fear the authorities are up to no good. But so far, very few people own gold.

The rich have gotten richer.  The poor have gotten poorer.  People don't know why.  But they don't like it.  And they figure it has something to do with the rich rigging the system. They're right, but not in the way they think.

Markets are always discovering prices. Prices go up and down. But they usually find an equilibrium in a fairly narrow range. In a world of real money, prices don't vary that much.

Japan has the highest debt to GDP ratio in the world.  And it just keeps adding debt.