No poetry, no prose in the Week In Review.

We gave you plenty to munch on this past week and today is a holy day, Super Bowl Sunday.  We posted many warnings about the events of last week and  how they might unfold.  See here, here, here, and here.

Bond markets around the world are repricing to a new environment.   Bonds and, especially,  central banks (all majors still have negative real policy rates),  have along way to go.   The market turbulence is thus far from over, in our opinion.