Go With the Flow

(1) What’s next after tapering? (2) How about deflation? (3) Bullard wonders why inflation is so low when the Fed has been so easy. (4) Friedman’s theory isn’t passing the latest test. (5) Or is it doing so in Japan? (6) Abenomics boosting profits, but will it trickle down to workers? (7) Fed’s latest Flow of Funds report shows record net issuance of corporate bonds. (8) So easy Fed is also driving share buybacks, boosting earnings per share and stock prices.