Pop over to view Jeremy Grantham at the WSJ for a cold shower if you’re concerned about US stocks being in a bubble.
Below as well is a nice antidote the recent concern over US corporate lending, via Citi:
The recent investor focus on decelerating C&I loan activity as a gauge for economic trends and thereby a signal for imminent stock market problems misses a critical point – C&I lending is a lagging indicator. Fed rate hikes did not derail the major indices nor did failure to repeal Obamacare, and the same was true for prior arguments of excessive valuation or margin pressures. Accordingly, bears have seized on the pace of loan growth slipping as the new concern de jour.
