Author Archives
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Doug Noland: The Modern-Day Bank Run
And if there is any confusion about the title. It does not represent people lining up at their banks. It represents wall street banks, hedge funds, and corporations lining up at the Federal Reserve’s Emergency Lending Window looking for handouts to pay their bills and bonuses. We the people should be so lucky.
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TSP Funds: Financial Crisis II
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Doug Noland: The First Major Pandemic Scare
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Doug Noland: Issues 2020
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Doug Noland: Crazy Extremis
… was the Great Depression chiefly the consequence of post-crash policy mistakes, as conventional thinking has come to profess? Or did the previous “Roaring Twenties” Bubble sow the seeds of a major down-cycle and collapse?
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Doug Noland: Weak Link
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Doug Noland: Music to the Market
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Doug Noland: China Watch
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Doug Noland: What the Heck is Happening in the Cayman Islands?
It was no coincidence that U.S. “repo” market tumult followed on the heels of an abrupt reversal in global bond yields. I appreciate how the enormous global buildup in leveraged speculation works miraculously so long as bond yields are declining (bond prices rising). If only bond yields could fall forever – even as debt and deficits expand uncontrollably. It’s not clear to me how the global system doesn’t turn increasingly unstable, which I believe explains why the ECB and now the Fed have resorted again to QE.
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Doug Noland: Resurrecting M2