Bond Yield Breakout
All the King’s horses and all the King’s men will not be able to put the world economy together again.
Recent Posts
-
Doug Noland: Sloppy
The U.S. and world are at peak Bubble. Chair Warsh speaks repeatedly about the “right” policy. There is no right policy that miraculously stabilizes either Bubble excess or consumer prices.
-
Currency Pegs and Carry Trades
I am comfortable predicting powerful contagion effects – a likely chain reaction of de-risking/deleveraging that will reverberate across global markets. There should be no doubt that Bubble dynamics function poorly (being kind) in reverse. I can’t help but think that global bond markets are sending a warning.