In a Good Place?

(1) Some light reading. (2) From good to very good. (3) Beware of Fed mantras. (4) US beats China currently in the health department. (5) Soft patch in US manufacturing not worrying Fed. (6) Powell is pleased to see labor force participation rate rising. (7) Housing and consumer spending looking good, while capital spending is not so good. (8) Advanced economies should advance as trade tensions ease. (9) Fed worrying more about subdued inflation than feverish virus. (10) Submerging emerging economies are a concern. (11) China’s virus mentioned several times in Fed’s report. (12) Lots of risky businesses in the corporate debt markets. (13) Running out of room to lower interest rates.