The Central Bank Stock Market Indicator by Bill Bonner originally appeared in the Daily Reckoning.

FORBES: Don't Fight The Fed And Don't Forget That Debt

One indicator is that the Bank of Italy's appointments in the mezzogiorno are for only two to three years.

ECONOMIST: Italy��s economy

Data showing rising bank loans and other credit, another key indicator, also might be inflated, according to Thornton.

NPR: China's Struggle To Measure Economy Clouds Outlook

Thus that we have a falling global money supply is a pretty good indicator that without some major central bank action soon we really are going to have (another) a recession.

FORBES: Global Economic Slowdown: Is It Manufacturing or Money?

Just across the English Channel, a less-dovish European Central Bank (ECB) policy stance and the ongoing euro-lending indicator improvements has the Pound Sterling playing second fiddle.

FORBES: Momentum Suggests Investors Seeking Euro Exit

Stocks were off to the races Thursday, after the European Central Bank unveiled a new bond-buying program and a closely-watched indicator for the U.S. labor market delivered an upbeat reading.

FORBES: Draghi Drives Big Rally For Stocks, Will Friday's Jobs Report Provide Another Jolt?