Credit Where Credit Is Due

(1) Citigroup Economic Surprise Index surprisingly upbeat. (2) So why isn’t the bond yield up more so far? (3) Writing a letter of recommendation for central bankers. (4) Empirical fact: Easy money is boosting asset prices more than real economies. (5) China’s zombies on life support. (6) Helicopter flying lessons for central bankers. (7) ECB doing more QE with corporate bonds, but loans remain flat. (8) Missing the Target2. (9) Trust Americans to borrow money when it is really cheap to do so.