Kissinger: “Now, we live an epochal period. The historic challenge for leaders is to manage the crisis while building the future. Failure could set the world on fire.”
Doug Noland
Doug Noland: The Solvency Problem
Somehow, we must convince younger generations that the culprit was unsound finance. And it’s absolutely fixable. Deeply flawed, experimental central banking was fundamental to dysfunctional markets and resulting deep financial and economic structural impairment.
Doug Noland: Please Don’t Completely Destroy…
I have to adjust my message for today’s post-Bubble backdrop: I understand we can’t allow the system to collapse, but Please Don’t Completely Destroy the Soundness of Central Bank Credit and Government Debt. Does anyone realize what’s at stake?
Doug Noland: The Loss of Moneyness
We recommended existing equities on 26 January & told the last holdouts to move from the TSP F fund (bond funds) to the TSP G fund (or the safest funds) by 9 March which happened to be a top for the bond funds.
What did your adviser tell you?
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.
TSP Funds: Financial Crisis II
Last week JP Morgan announced they were borrowing from the Federal Reserve’s Emergency Lending Window to “break the stigma”. Here we go again.
Doug Noland: The First Major Pandemic Scare
The entire world inflated into the proverbial Bubble in Search of a Pin. At the epicenter of the global Bubble, trouble in China has been headlining my list of potential catalysts. The coronavirus outbreak poses a clear and present danger of pushing China into a dangerous predicament.
Doug Noland: Issues 2020
TSP & Vanguard Smart Investor’s guest writer Doug Noland writes on Issues for 2020
Doug Noland: 2019 in Review
To summarize the 2019 policy backdrop in one word: capitulation. It was to be a year of monetary policy normalization. The new Fed chairman was to finally return policy rates to a more reasonable level. In 2019, the odds central bankers would ever actually tighten monetary conditions became exceedingly low.
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?