Addictions

(1) Global monetary conditions remain bullish. (2) Forward consensus expected revenues growth rates up from a year ago. (3) China is world’s biggest debt abuser. (4) China’s “social financing” at record high, led by bank loans and supplemented with lots of shadowy money. (5) China’s M2 growing fast too. (6) Ben Bernanke has some advice for the Fed. (7) What if central banks really don’t control inflation at all? (8) Then their efforts to boost it will fail, and they will inflate asset prices trying to do so.