The flight to safety in the end game bolsters the US market as the rest of the world falls off a cliff. Watch the periphery?
Doug Noland
Doug Noland: Paraphrasing the Fed
Sifting through Thursday’s data deluge, I imagined FOMC officials around a table discussing the report. It’s my imagination, and I took liberties.
Doug Noland’s: Thesis Corroboration
The pieces are all there for a problematic global de-risking/deleveraging episode. Do things come together in the Autumn, as they often do? Or will crisis dynamics catch everyone by surprise this summer?