The market adage “sell in May and go away,” worked well this year for about one month. However, the end of May during an election year has often been a good time to buy stocks. (Good Time In The Election Cycle, Crossing Wall Street) Maybe not this year….

“This crisis has not even started. It will take an extremely long time to reach its peak velocity, and by a long time I mean at least 15-20 years,” Baz, who co-manages GLG’s Atlas Macro fund, told delegates on Tuesday. (The Euro Crisis Only Just Begun, Pragmatic Capitalism)

Could inflation make a comeback? Sure. So could the Soviet Union. But until it does, we should deal with dangers that are not imaginary. (Strangled By Tight Money, Steve Chapman, Reason) There are much better ways to solve this problem than just printing up more dollars. The answer is to fix fiscal and regulatory policy.

Dear Grandchild,