Four Shades of Grey

(1) Talking Ed. (2) Three shades of grey scenarios. (3) Latest GDP and employment reports aren’t black and white. (4) Final sales growing slowly. (5) Is Obamacare draining confidence? (6) New highs for R&D and software spending, and exports too. (7) Preliminary payroll data unreliable. (8) YRI Earned Income Proxy at record high. (9) Europe’s recovery is still a slow-go. (10) ECB spooked by deflation. (11) Obamacare is sickening so far, but could be bullish for stocks.