No posts this past week, since my access was limited for some reason. Hopefully now fixed. Some links of current relevance.
b) Three days that shook the financial system (Washington Post, last week, a must read).
c) A new book on central banking (among other things, talks about the importance of the undemocratic nature of the role).
The power to this market is simply amazing. Money out of bonds, money out of Europe, the yen carry trade are all probable contributing factors. Let us see how well earnings hold up.