Not Much Bang per Buck or Yen

(1) Texas is gushing oil. (2) Washington is back to gushing debt. (3) Monetary base is gushing, but both M2 multiplier and velocity are falling. (4) Stocks getting most of the bang per DC buck. (5) Krugmanomics here and Abenomics over there. (6) Weaker yen boosting the cost of imports more than lifting exports in Japan. (7) Focus on underweight-rated S&P 500 Energy.