Author Archives
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Doug Noland: Powell Building Credibility
Powell’s a straight-shooter. He probably planned on a balanced approach, though the more Powell earnestly answered questions, the more his inner Volcker came through.
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TSP Smart: Is Your Life Portfolio Ready for War
The war has already begun. China is still in the Shaping phase in the physical sphere, but their economic power and our economic vulnerabilities have been advancing steadily for decades. Is your life and investment portfolio ready.
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Doug Noland: Dissecting Chairman Xi
Most think “lunatic fringe.” Yet, there is nothing as fundamental, vital, as urgent as Sound Money. Stable money and Credit that we can trust; that doesn’t inherently cause trouble; that doesn’t unleash the Scourge of Inflation.
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New Market Cycle Realities
I feel for Liz Truss. She could very well be the shortest-serving Prime Minister in UK history. Central bankers and bond markets have merrily accommodated many a crazy budget. Now they’re running scared, leaving stunned politicians to try to figure out what can work in today’s new reality.
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Part I: History of the Credit Bubble
I’m here today with what I believe is a critically important message. The global Bubble – history’s greatest Bubble – is bursting. The previous cycle has ended, and a new cycle has begun to unfold. We are about to commence an adjustment period that I fear will shake us to the core.
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Part II: The Holy Crap Moment & Derivatives
Some refer to a “Lehman” or a “Minsky moment.” I call it the “holy crap moment”. Suddenly, things are not as we thought; they might be spiraling out of control, and our government benefactor no longer has an answer.
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A Threatening Turn
There are a lot of financial nuclear land mines that will be going off as rates are normalized. Maybe that is why the Fed is having an emergency meeting Monday.
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TSP Smart: The Acceleration Begins
“the sudden appearance of the Bond Vigilantes in the gilts markets (after all these years) was the most portentous market development in a week of portentous developments.”
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Deflation and Policy Mistakes
When wall street analyst start talking about deflation, they are talking about financial asset prices NOT consumer inflation. Sorry wall street, but bubbles have to deflate.
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TSP Smart: Supper Credit Bubble Pay Back Time
The Super Credit Bubble is at the brink.