Author Archives
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TSP Smart: “The numbers are just monstrous”
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Doug Noland: Revisiting “Coin in the Fuse Box”
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Doug Noland: State-Directed Credit Splurge
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Doug Noland: Summer of 2020
QE fundamentally changed finance. What commenced at the Federal Reserve with a post-mortgage finance Bubble, $1 TN Treasury buying operation morphed into open-ended purchases of Treasuries, MBS, corporate bonds and even corporate ETFs holding high-yield “junk” bonds. Markets assume it’s only a matter of time before the Federal Reserve adds equities to its buy list.
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Doug Noland: It’s About Jobs, Jobs, Jobs
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Doug Noland: The Short History of Extreme Monetary Policy
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Smart Bird: Safe Haven Treasuries Not So Safe
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Doug Noland: Global Lender of Last Resort
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The Federal Reserve: “It’s Not Our Fault”
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Doug Noland: Crossing Red Lines
I seriously doubt China’s banking system inflates from $8 TN to $43 TN during this cycle without Trillions of “Bubble Dollars” flooding the world and its resulting reserves horde. U.S. crisis and QE1 provided China a blank check for a massive $600 billion 2009 stimulus plan. And Chinese Credit – along with investment, manufacturing, apartment Bubble, economic boom, technological advancement, military buildup, global influence peddling, and ambitions for superpower status – never looked back.