Yep – rollercoaster indeed but a but cheeky or is it cynical? Hard to tell As readers know my sense is that the key to the recovery has been the changed perceptions about growth and interest rates. Fed Chair Yellen allowed a leak to say she still though growth was going to be okay and then it became clear via more than one Fed President that rates are likely to be on hold for some time in then US and BoE chief economist Andrew Haldane’s suggestion of a similar outlook for the UK and Bank of England. Last night we had fresh rumours that the ECB would buy corporate bonds. It speaks of a market addicted to free money ... (full story)