It is tempting to come up with complicated reasons for the unusual and outsize moves in financial markets in recent days, including a sharp appreciation of the dollar, large volatility in stocks and precipitous drops in European government bond yields. Yet the simplest explanation may well be the best one: The U.S. jobs report Friday confirmed the multidimensional decoupling taking hold in the global economy. The resulting divergence in prospects for economic performance and monetary policy -- in the U.S. and across countries -- has consequences for prices in the bond, equity and foreign-exchange markets, both in ... (full story)