What a glorious global economic gala!  Apparently, contracting world GDP growth, monumental sovereign debt loads, ballooning central bank balance sheets, crashing commodity prices, competitive currency devaluations and synthetically suppressed interest rates, as far as the eye can see, are all great tidings to be joyously celebrated throughout this holiday season.  Well, at least that’s the takeaway according to the whooping wonderful world of capital markets.  Have no fear, all is perfectly in order.  Jamie Dimon, Jim Cramer, Larry Fink and Company all have our back. The rest of us mere mortals are simply supposed to stand aside and take their professional word for it, silently sipping the financial establishment’s spiked eggnog until we attain a sheepish state of stupid stupor.  After all, the money experts at the Fed are on the case, what could possibly go wrong? (more…)