Waking Up to Reality Will Be Painful
Repeating a fundamental point, it is sudden fear for perceived safe “money” – as opposed to risky loans/instruments – that is the domain of panics and financial crises.
Recent Posts
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Doug Noland: Bubbles, Dams, War and Cracks
It was a close call, but the largest ever Q1 options/derivatives expiration went off without an accident. That said, it was anything but pretty. Friday saw a troubling market dynamic in full force. No place to hide. No safe havens. Key “insurance” (Credit default swaps) markets lurching toward dislocation. Global bonds under further heavy selling pressure. Treasuries, MBS, agencies, corporates, and muni bonds all hammered. Stocks clobbered. Precious metals battered. Spreads blowing out. CDS prices spiking higher. Emerging markets bludgeoned. Currency instability taking hold.
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Updates on Trump’s war
Oman is NOT in the gulf or behind the Strait ——————————— Iran is exporting more oil than before the war Chinese bound tankers are allowed to pass Iran is waging a strategic economic war Iran has stopped oil to India,… Read More ›