Author Archives

  • Doug Noland: Fanning the Flames

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    Playing a dangerous game, the Fed is now moving from accommodating this Bubble to actively stimulating it – from pushing back against a tightening of financial conditions to pushing forward already extraordinarily loose conditions.

  • Back to Zero

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    It’s always the same: Everyone is happy to ignore bubbles when they’re inflating. Bubble analysis, by its nature, will appear foolish for a while. But bubbles inevitably burst. There is no doubt that China’s historic bubble will burst, and I expect this will prove the catalyst for faltering bubbles across the globe – including here in the U.S.

  • Doug Noland: Abject Monetary Disorder

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    There is increasing evidence of market dislocation and associated Monetary Disorder… Where’s all this “money” coming from?