Credibility Issue

(1) The first lesson in investment school. (2) Another record for stocks. (3) Bazookas turning into Pea Shooters? (4) ECB’s latest package isn’t “whatever-it-takes.” (5) Euro remains strong. (6) PBOC using rifle rather than shotgun. (7) Is deflation moderating in China? (8) BOJ’s QQE may be losing its effectiveness. So pensions will buy shares. (9) Is the Fed on the right or wrong side of inflation? (10) Feldstein’s warning. (11) Four reasons why stocks fell yesterday, and why they matter.