Recent Posts

  • Doug Noland: We Need to Talk

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    Market turmoil oil bonds AI bubble

    Thursday was ominous. Fears were not allayed Friday. At this point, I assume de-risking/deleveraging is heading in the direction of the precipice. Then we’ll see what happens.

  • Hope I am Wrong

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    Friends playing a wooden block stacking game as the tower collapses

    Over the years, I’ve posited analysis of a particularly problematic market dynamic for the leveraged speculating community: this would be the combination of rising market yields, widening spreads, and surging CDS (market “insurance”) prices. This dynamic took decisive hold this week, portending accelerating de-risking/deleveraging, waning market liquidity, and worsening debt issues.