Accentuating Some Positives

(1) Round up the usual suspects. (2) Trauma of 2008 remains traumatic. (3) Chinese stocks and currency stop falling thanks to record Q1 borrowing. (4) The Fed remains on hold. (5) Inflationary expectations move a bit higher, while junk bond yields move lower. (6) The current price may be the right price for oil. (7) Rebounding industrial commodity prices confirm global economy continues to grow, while China remains stuck with old normal economy. (8) Emerging economies with dollar debts: the dog that didn’t bite. (9) Central banks turning into world’s biggest hedge funds, financed by their own printing presses. (10) The BOJ should get a seat on the corporate board.