The 1987 stock market crash raised concerns for the dangers associated with mounting U.S. “twin deficits.” Fiscal and trade deficits were reflective of poor economic management. Credit excesses – certainly including excessive government borrowings – were stimulating demand that was… Read More ›
Doug Noland
Doug Noland: Q4 2015 Flow of Funds
BLUF It’s unclear whether a “secret Shanghai Accord” emerged from last month’s G20 meeting. There’s no doubt, however, that leading global monetary officials have orchestrated concerted policy measures going back (at least) to the 2012 “European” crisis. It’s also clear… Read More ›
Doug Noland: Thesis Update
With global risk markets staging a significant rally, it’s an appropriate time to update my bursting global Bubble thesis. Three weeks ago I titled a CBB “Crisis Management.” My view was that mounting global market instability had reached the point… Read More ›