For one, it’s impossible these days to gauge risk. How much are QE and rate policies impacting securities prices? Will global policymaker have the capacity to withdraw from unprecedented measures, or have they become trapped in disproportionate stimulus with no… Read More ›
Doug Noland
Doug Noland: Bubble Battles
The global government finance Bubble can at this point be simplified into six powerful intertwined forces: 1) Near zero rates and record low bond yields virtually across the globe contributing to generally loose fiscal spending and ever rising country indebtedness;… Read More ›
Doug Noland: Don’t Mess with Turkey
Chairman Greenspan used to posit (rationalize) that since real estate markets were a local phenomenon a national real estate Bubble was implausible. I countered that the Bubble was in mortgage finance and that a centralized mortgage finance Bubble was exerting… Read More ›