They finally did it – 25 bps, for the first rate increase since 2004. Surely it’s the most dovish Fed “tightening” ever. Indeed, it was really no tightening at all. One has to go all the way back to 1994… Read More ›
Doug Noland
Doug Noland: The Precipice
Global markets have found themselves again at the precipice. My sense is that everyone’s numb – literally dazed and confused from prolonged Monetary Disorder and the resulting perverted market backdrop. Repeatedly, “The Precipice” has signaled easy-money buying and trading opportunities…. Read More ›
Doug Noland: The Cult of Draghi
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 ›