A Dozen Lessons

(1) Doing our homework. (2) A dozen lessons. (3) Central bankers are know-it-alls who don’t. (4) Deflation may be a monetary phenomenon too. (5) Bond vigilantes go on a European vacation. (6) Yellen admits she is guessing about slack. (7) Could it be that low price inflation is driving low wage inflation? (8) Europe and Japan going down same dirt road. (9) US remains outstanding. (10) Corporations are managed to be profitable. (11) Time to pull out reasons why P/Es have more upside. (12) Demography can explain a lot. (13) Hillary vs. Mitt. (14) Jihadists on a deadly crusade. (15) “The November Man” (+ +).