Below the Zero Bound

(1) Short-covering and relief rally. (2) January Barometers and Presidential Cycles. (3) BOJ crosses the zero bound. (4) Bernanke says negative interest rates could be a Fed tool. (5) Williams says normalization should be slowed a “smidgen.” (6) The horror of negative rates driving investors back into stocks? (7) Measuring how much the Fed has already tightened. (8) Dudley’s faith in economy not so sound. (9) GDP adding up to more of the same slow growth in 2016 as every year since 2010. (10) “Room” (+ +).