This is an archive of the Macronomics letter for Capital Mind Premium subscribers, sent on Feb 14, 2014.

Markets climb a wall of worry and fall through the slide of confidence. In the last few months, we have seen markets make a new high, reverse and now straddle the 6,000 levels on the Nifty. But are we getting complacent?

First, wish you all a very Happy Valentine’s Day, unless it is politically incorrect, in which case let’s wish you a very Happy February 14th. It’s a day to be happy and joyful in our personal lives. In the world of money, though, there is some serious lack of mistletoe.

Let’s take a look some fixed income market outliers we have been seeing lately, and look at a source of potential stress in the banking system. We seem to have some serious outliers, and we’ve filtered the data to show you what is important.

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Now, tell them about it: