U.S. 2-year yields are falling to new lows. Credit standards in the US continue to tighten for L+S firms. How much longer U.S. stocks can diverge from the cataclysmic collapse in the global economy?

Stock Market ‘Not a Reflection of Strength of the Economy,’ NYSE President

In a newly released interview, New York Stock Exchange President Stacey Cunningham acknowledged that the resilient stock market does not reflect the condition of the economy.

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The Market Keeps Distancing Itself From the Economy: El Erian

With markets focusing on the improvement in the “second derivative,” that is a reduction in the rate of labor force dislocation, U.S. stocks rose. This widens an already considerable decoupling from the real economy and will fuel the debates on Wall Street versus Main Street, companies versus people and the well-off versus the marginalized.

Mortgage Lenders Tighten Screws on U.S. Credit in Echo of 2008

Mortgage rates are at record lows, but borrowers hoping to take advantage are running into the toughest loan-approval standards in years. Over the past month, lenders have put in place higher credit-score and down payment requirements, and in some cases stopped issuing certain types of…