Author Archives

• Doug Noland: China Watch

  By Doug Noland on October 19, 2019

  

  First time all four developed countries have been negative year-over-year since last two global recessions.

• Doug Noland: What the Heck is Happening in the Cayman Islands?

  By Doug Noland on October 12, 2019

  

  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.

• Doug Noland: Resurrecting M2

  By Doug Noland on October 5, 2019

  

  This was the second strongest (22-week) monetary expansion in U.S. history, trailing only 2011’s “QE2” period…