Facts and Fictions

(1) If the Chinese let the yuan appreciate, will Americans be happier? (2) America has home-grown problems. (3) Are we sure that deflation is always bad? (4) Should the federal funds rate be negative? (5) Is more fiscal stimulus necessary to protect the fat pensions of public employees? (6) Do HFT computers need some adult supervision to avert another flash crash? (7) Investors of last resort. (8) QE is bullish for now. (9) China’s timid tightening. (10) Fed ready to rumble. (11) The Fed's mandate obsession. NOTICE: Our Morning Briefings are now available on FactSet.