The Three-Legged Stool Again

(1) Usually, two out of three ain’t bad. Not in this case. (2) Chinese leaders likely to be inflation prone in 2011. (3) Washington implementing Stimulus II. (4) Fed stymies Bond Vigilantes by purchasing everything the Treasury needs to auction. (5) The Germans are now Europeans whether they like it or not. (6) ECB is Europe’s TARP. (7) Soros has the answer. (8) Global production picture turns mixed. (9) Health Care likely to be market performer in 2011 after underperforming badly in 2010. NOTICE: Our Morning Briefings are now available on FactSet.