Friday’s 370-point surge in the DJIA quickly erased memories of the previous day’s rough session throughout global financial markets. It’s worth noting, however, that the euro gave back little of Thursday’s spectacular 3.1% surge, the biggest daily gain versus the… Read More ›
Doug Noland
Doug Noland: Monetary Fiasco
All great monetary fiascos are forged upon a foundation of misperceptions and flawed premises. There’s always an underlying disturbance in money and Credit masked by supposed new understandings, technologies, capabilities and superior financial apparatus. During the nineties “New Paradigm” period,… Read More ›
Doug Noland: Irreversibly Broken and Dysfunctional
Bloomberg: “The October Jobs Report Gives Fed Officials a Green Light to Raise Rates.” With global “risk on” back in full swing, the focus of U.S. monetary policy belatedly shifts back to fundamentals. October’s 271,000 was the largest jobs gain… Read More ›