Future historians will be unimpressed with the Fed’s whole line of “Neutral Rate” analysis. It’s certainly reminiscent of chairman Greenspan’s late-nineties foray into the New Economy’s “faster speed limit” — as rationalization for evading the tough action necessary to rein… Read More ›
Doug Noland
Doug Noland: China Credit and Global Inflationary Dynamics
Liquidity will tend to further inflate the already inflating asset class(s); “hot money” will chase the hottest speculative Bubble. Inflationary surges in Credit growth can, as well, have profoundly different impacts depending on inflationary expectations, economic structure and the nature… Read More ›
Doug Noland: Bubbles, Money and the VIX
February 10 – Financial Times (John Authers): “The Importance of Bubbles That Did Not Burst:” “Is there really such a thing as a market bubble? I feel almost heretical answering this question. I and most readers have lived through… Read More ›