Economists and policy makers seem to want to believe impossible things in regards to the current debt crisis percolating throughout the world.  And believing in them, they are adopting policies that will result in tragedy.

What do the charts tell us about volatility?

Should you just stick to your model?

Who's gonna win this match? Mr. Market? Or the fixers?

Lawrence G. McMillan reviews the options market in his weekly column for May 28.

As a share of personal income, never before has the private sector contributed so little. Thank god for the government. Without those checks from the feds, we’d all be broke.

There's something else going on -- something much more important and much harder to deal with than an ordinary recession. The feds have thrown everything into the battle to stop this downturn. No matter how you look at it, the ammunition spent in this fight has been spectacular.

Speculators are just doing their job.  They see that the real problem is debt.

How is it possible that people who just discovered capitalism 20 years ago could do a better job of it than Harvard grads motivated by million-dollar bonuses?

Everywhere there are arguments that we are in a "V"-shaped recovery. And there are signs that in fact that is the case. Today we will look at some of those, and then take up the topic of when the Fed will raise rates.