Discounting has come to mean ignoring what's going on.
Central bankers continue to do nothing as that is both the path of least resistance and of the least potential damage.
The costs of keeping it in may be higher than the cost of exit.
Greek Prime Minister Alexis Tsipras won't get any money from Russia's Vladimir Putin.
The drama needs to end no matter what, that's what the market says.
This economy has been horrendously inconsistent for ages.
The market won't believe rates are going to be normalized until the Fed actually does it.
A Fed that takes the world into account is a thinking Fed -- which is all you can ask for.
It's a mistake to say the U.S. needs its money back from China or Japan.
Which has fared better and where does it leave us now?

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