Live to Die Another Day?

(1) The Person of the Years 2008-2012. (2) Don’t fight the Feds. (3) Policymakers’ mantra: “Whatever it takes.” (4) Markets are driven by headlines, driven by Big Governments. (5) Bond yields dive in Europe. (6) Draghi’s fairy dust. (7) China’s new leaders promoting same old policy of more urbanization. (8) Japan’s new prime minister wants more fiscal spending and more monetary easing. (9) Another fiscal fist fight coming. (10) The winner will be Big Government.