When it comes to the late-stage of a major Credit Bubble, the analysis in a way simplifies: The Bubble bursts or it inflates to only more perilous extremes. Recalling 2007, well-entrenched Bubbles develop powerful momentum with the capacity to brush… Read More ›
Doug Noland
Doug Noland: Renzi Falls, Markets Rise
Federal Reserve policymaking incentivized speculation and was instrumental in nurturing an increasingly unwieldy global pool of speculative finance. Global policies since the 2008 crisis have spurred the expansion of speculative finance to multiples of pre-crisis levels. It’s also rather clear… Read More ›
Doug Noland: Trump, Bonds, Peripheries, China and Italy
Surging global bond yields will entail enormous amounts of speculative de-leveraging. This has yet to become a major issue for the markets only because of the ongoing $2.0 TN of global QE. Yet in this post-Bond Bubble and Trump to… Read More ›