“But we were close to, let me say, a ‘tipping point’ where I believe financial markets after the second of April were really close to very, let me say – ‘disruptive’ “
Doug Noland
Doug Noland: Asian-Crisis-in-Reverse Feel
Seeing all the ingredients for an evolving crisis of confidence, there’s little to justify a retreat from the bursting Bubble thesis. This historic Bubble was fueled by unprecedented Credit inflation at the foundation – the “core” – of global finance.
Typical and Atypical
When it comes to quick trading profits, no market dynamic can compete with being on the right side of a squeeze. And what begins as a short squeeze tends to take on a life of its own.