More Happy Stuff

(1) US economy gets an A-plus on passing all the stress tests so far. (2) Growing at “stall speed” since 2010 without stalling. (3) There is an upside to Brexit and strong dollar: low mortgage rates. (4) Doing well despite Washington’s taxes and debt. (5) No credit crunch following commodity crash. (6) Earnings recession is almost over. (7) The global economy isn’t failing, but only gets a C-minus. (8) Commodity prices holding firm after rebound since start of 2016. (9) PMIs looking better in US and Japan, and not so bad in Eurozone after Brexit. (10) EMEs’ production picking up nicely.