Recent Posts - page 3
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Smart Bird: “You have to wipe these people out”
Gamestop is blowback to wall street. Wall Street wants protection. Two minutes of truth.
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Doug Noland: Short-Term Unsustainable
This is one of the most dangerous and dishonest false narratives of our times. “…even though the amount of debt relative to the economy has gone up, the interest burden hasn’t.”
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Doug Noland: The Reality of Financial Dominance
Does this ensure accelerating general price inflation? Not necessarily. There remains the possibility for the bursting Bubble scenario with collapsing asset prices, de-leveraging, illiquidity and resulting deflationary pressures. But especially after what was experienced in 2020, we must assume global central banks would respond in concert with multi-Trillions of additional monetary inflation.
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The Martens: Why the financial markets are broken – extreme corruption at the top.
“The pint-sized Carmen Segarra had the guts to sneak a tiny tape recorder into the New York Fed to blow the whistle on the crony relationship between the Federal Reserve Bank of New York and Goldman Sachs. Segarra was an… Read More ›
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Doug Noland: Issues 2021
For years now, my beginning of the year “Issues” pieces have featured a key Credit Bubble maxim: “The Bubble either further inflates or bursts.” While easier to dismiss than ever, this dynamic has never been as germane. The Fed-induced Bubble is raging out of control. Monetary Disorder is acute and highly destabilizing. Sustainability must be questioned.
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Doug Noland: 2020 Year in Review
The issue of “sound money” is viewed as hopelessly archaic, a reality that my 20 plus years of CBBs has failed to alter. The challenge to warning of the myriad pernicious dangers associated with Monetary Inflation is made no easier by markets creating Trillions of added perceived wealth
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Smart Bird: Millennials are Screwed
Millennials own less than 5% of all US wealth today compared to baby boomers at the same age who owned 21%. The economy and financial system have been rigged against them.
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TSP Smart: The Predators’ Protectors
Apparently, a proven background in preying on average Americans is now a prerequisite for getting a job as a Wall Street regulator.
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Doug Noland: $10 Trillion In Nine Months
Whether it’s the U.S., China or elsewhere, Bubbles reach a point where risk becomes impossible to control.
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Doug Noland: Monetary Disorder In Extremis
The U.S. Bubble Economy structure has evolved into a voracious Credit glutton. There’s a strong case for significant additional fiscal stimulus. The case for boosting monetary stimulus is not compelling. Financial conditions have remained ultra-loose. Credit stays readily available for even the riskiest corporate borrowers, as bond issuance surges to new heights. While formidable, the remarkable speculative Bubble throughout corporate Credit is dwarfed by what has regressed to a raging stock market mania.