The US stock market continues to rise (or, at least, refuses to crash) despite blatant comments from the chairman of the Federal Reserve that stock prices are too high.
French and German bond yields are almost identical, despite the consensus that there is at least at 30% or 40% chance that European monetary union will not happen on time. In Japan, money is almost free (the discount rate is only 0.5%) but the economy is about to decline again after only a short and weak expansion.
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