Noted for your morning ruminations or procrastination – take your pick.

1. When central bank losses matter
2. Bond Investors Face Trillion-Dollar Choice Between Safety and Yield
3. Stock dividend yields are above Treasury yields — and that’s bullish
4. CEOs say US more attractive to investors than China
5. Davos Billionaires Predict Low Interest Rates, Terrorism
6. Junk Replaces Government Debt as Most-Disdained
7. The Swiss Currency Shock Has Raised An Awkward Question For Investors
8. The Two Scariest Slides From IBM’s Earnings Presentation
9. U.K. unemployment below 6%, first time in 6 years
10. BOE hawks drop call for higher rates
11. Bank of England hawks fly the coop on inflation worries
12. Deutsche Bank CEO says ECB QE of EUR 750bln priced into markets
13. BOJ Governor Kuroda comments at news conference