Banks of Last Resort

(1) A third year like the previous two. (2) Spain needs another round of sangria already. (3) Bears can take comfort in latest jobless report. (4) There is still a case for a rally over the rest of the year. (5) Another checklist for optimists with some caveats. (6) China has a beige book, which is flashing green. (7) How’s sector-neutrality working out? (8) Fiscal and monetary policies are both up to no good. (9) Central banks working hard to lose their credibility. (10) From NZIRP to NIRP. (11) Some signs of life in employment indicators. (12) “Savages” (- - -).