Yielding to the Central Banks

Check out the accompanying pdf and chart collection. (1) Lots of central banks filling up the punch bowl. (2) PBOC cuts reserve requirement to boost bank lending. (3) Lots of punch for global stock and bond markets. (4) The Fed is TIPSy. (5) Bond yields are unreal, as even junk yields fall below inflation rate. (6) S&P 500 dividend yield falls below 2.00% on the way to 1.00%. (7) Millions more S corporations than S&P 500 corporations. (8) S corporations boosting corporate profits but not corporate taxes. (9) A new study on profits.