As the devil-may-care bravado of Wall Street marches on, history warns that -- in the end -- there will be the devil to pay.
If Federal Reserve forecasts point toward full employment and price stability, policymakers at the upcoming FOMC meeting will have a hard time getting Wall Street to reconcile that outlook with a 1% Fed funds rate.
This might be the month of reckoning for failed central bank money-printing policies. Mounting evidence suggests that markets are starting to notice that the Fed is trapped.
As the walls close in on central bankers and their inane policies, they seem ready to fight with the only weapon they know how to use: the printing press.
Conventional wisdom attributes market indigestion to anticipation of Federal Reserve action, but the evidence indicates investors are finally reacting to what our central bankers have already done.
More signs suggest that gold has reached a turning point. But putting a fair value on the yellow metal is harder than assessing what a business is worth.
The liquidity-fueled rally of the past 9 months is easy to like. But recent history tells us higher prices based on easy money carry extreme dangers, so a violent drop could lie ahead.
VIDEO ON MSN MONEY
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
'We're not exactly in a uniformly strong market,' says the notably pessimistic newsletter publisher.
The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
Six weeks later, most Americans have forgotten about the 2014 tax season -- except those who didn't file by the April 15 deadline.
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'