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
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 ›
Doug Noland: Developing or Developed?
October 30 – BloombergView (By Matthew A. Winkler): “Ignore China’s Bears: There’s a bull running right past China bears, and it’s leading the world’s second-largest economy in a transition from resource-based manufacturing to domestic-driven services such as health care, insurance… Read More ›