They range from fads to potential rivals to bitcoin
The Treasury-bond yield curve flattens
Those betting on reflation and commodities lose out
There has been too much focus on equilibrium
Europe’s currency aspirations are getting a boost
The pessimists could, of course, eventually be proven right
Defaults may be heading lower but the market has become much riskier
In a sign of tolerance, it has not slammed the door on capital inflows
It is hard not to feel uneasy, but lending standards are much higher