Bear markets and recessions have been rescinded. Stocks always to up. Debt and deficits don’t matter. The Beijing meritocracy is up to any challenge. Global central bankers have things well under control. We shouldn’t underestimate Craziness Extremis. But prolonged market distortions come with grave consequences.
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The Bubble in Repo and Financial Lending Is the Problem
by Doug Noland • • 0 Comments
The epicenter of the Bubble is in “repo” finance and myriad instruments (CDO’s, ABS, special purpose vehicles, derivatives and such) financed directly and indirectly in short-term market-based lending markets.
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Here’s Why China Is Heading Toward Inevitable Crisis
by Doug Noland • • 0 Comments
Chinese Credit is heading toward an inevitable crisis of confidence – with or without a trade pact. China’s Bubbles have inflated dangerously
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Extraordinary Monetary Disorder
by Doug Noland • • 0 Comments
Stocks are fired up at the prospect of a year-end melt-up. The surprise would be a global bond market beat down.
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Central Bankers Play Music to the Market’s Ears
by Doug Noland • • 0 Comments
With global policy rates already so low, the future will see even greater central bank reliance on QE. And central bankers are determined to ignore excesses.
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Central Bank Whatever It Takes to Never Give Up
by Doug Noland • • 0 Comments
Delaying the day of reckoning only makes things (much) worse. The world over the past couple weeks has experienced riots in an expanding number of countries – including Lebanon, Egypt, Iraq, Spain, Chile, Bolivia, Ecuador and Hong Kong. Wait until the global Bubble bursts.
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China Watch
by Doug Noland • • 0 Comments
Beyond the acute vulnerability to any weakening of Credit growth, the Chinese Bubble economy is demonstrating obvious signs of imbalances and price distortions. And that’s a problem for the US and everywhere else.
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What the Heck is Happening in the Cayman Islands?
by Doug Noland • • 0 Comments
The Fed’s balance sheet might inflate to $10 trillion.
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Bank Repo and Fed Repo Drive Massive M2 Surge – Is This the New QE?
by Doug Noland • • 0 Comments
The extraordinary $575 billion M2 growth over the past 22 weeks (that receives zero attention) was the second strongest (22-week) monetary expansion in U.S. history, trailing only 2011’s “QE2” period.
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What The Repo Bubble Means Now
by Doug Noland • • 0 Comments
A serious globalized de-risking/deleveraging episode would require multi-Trillion expansions of Federal Reserve and global central bank balance sheets.
