Author Archives
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Doug Noland: Pondering the New Treasury Secretary
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Doug Noland: Scorched Earth
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Doug Noland: Well, That’s Some Weird… Stuff
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Doug Noland: Critical Juncture
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Doug Noland: Very Dangerous
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Doug Noland: The New Massive
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Doug Noland’s: Moral Hazard Pinnacle (infinite money printing announced)
At an event sponsored by the Institute of International Finance, Randal Quarles offered an admission: “It may be that there is a simple macro fact that the Treasury market, being so much larger than it was even a few years ago, much larger than it was a decade ago, and now really much larger than it was even a few years ago, that the sheer volume there may have outpaced the ability of the private-market infrastructure to kind of support stress of any sort there. …Will there be some indefinite need for the Fed to provide — not as a way of supporting the issuance of Treasuries, but as a way of supporting a functioning market in Treasuries — to participate as a purchaser for some period of time.”
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Doug Noland: Weird
The President is diagnosed with COVID-19, with rapidly worsening symptoms prompting a Friday evening Marine One flight to Walter Reed Medical Center. By Monday, he is back to the White House apparently feeling spryer than when he was a man… Read More ›
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TSP Smart: The Stock Market’s Tinderbox
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TSP Smart: “The numbers are just monstrous”