Although I have been critical of the Fed for many years, I never imagined that it would provide me with material that bordered on the metaphysical.

Last week a scene unfolded in Athens that provided all the visual and metaphorical symbols needed to define the current state of the global economy.

If anyone had any doubt how severely the global economy has been distorted by the actions of central bankers, the "surprise" announcement last week by the Swiss National Bank (SNB) to no longer peg the Swiss franc to the euro should provide a moment of crystal clarity.

The sudden fall in the price of oil provides a unique opportunity to examine the widely held belief that deflation is economic poison.

In a normal economic times falling energy costs would be considered unadulterated good news.

The stunning 40% drop in the price of oil over the past few months has scrambled global economic forecasts, changed the geo-political landscape, and has severely pressured many energy sector investments.

There can be little doubt that data releases rather than experience or intuition are driving the economic conversation.

The piece sheds important light on how the Federal Reserve's attitude regarding sub 2% inflation has changed significantly over the years.

All eyes should now be focused on the Swiss voters.

As Japanese Prime Minster Shinzo Abe has turned his country into a petri dish of Keynesian ideas, the trajectory of Japan's economy has much to teach us about the wisdom of those policies.

As far as stocks go, we have lived by QE. The only question now is, whether we will die without it.

The sharp rebuke to the Obama administration delivered by the mid-term elections should not be construed as an endorsement of the GOP, which remains as unpopular as ever.