Doug Noland

Prudent Bear

Contributor since: 26 Feb 2010

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• Thank You

  Published 26 December 2014 | viewed 0 times

  As they say, "all good things must come to an end." It's sad when I think about how I always imagined it would last "forever."…

• Bo, Bo

  Published 19 December 2014 | viewed 0 times

  A week of "Bo, Bo" - Bubble Off, Bubble On It was an interesting week, including in the financial markets. We'll focus on these extraordinary…

• The Collapsing Periphery

  Published 12 December 2014 | viewed 0 times

  The collapsing Periphery took aim at the Core. This week saw things take a turn for the worse for the Faltering Periphery Bubble. On the…

• The Unavoidable Peril of Financial Sphere Bubbles

  Published 05 December 2014 | viewed 0 times

  EM contagion gathering momentum. Let's begin with a brief update on the worsening travails at the Periphery. The Russian ruble sank another 6.5% this week,…

• The King of Dollar Pegs

  Published 28 November 2014 | viewed 0 times

  Collapse of the "global reflation trade" runs unabated. Where might contagion strike next? On the back of OPEC's failure to cut production, crude this week…

• Memories of 2012 and 2007

  Published 22 November 2014 | viewed 0 times

  Draghi and the PBOC throw gas on a fire. November 21 - Reuters (John O'Donnell and Eva Taylor): "European Central Bank President Mario Draghi threw…

• Financial Sphere Bubbles

  Published 15 November 2014 | viewed 0 times

  Not an inopportune time to ponder Financial Sphere vs. Real Economy Sphere analysis. Alan Greenspan, interviewed by the Financial Times' Gillian Tett at the Council…

• Back to the Nineties

  Published 07 November 2014 | viewed 0 times

  Draghi follows Kuroda and king dollar spurs EM contagion fears. From the perspective of my macro Credit analytical framework, history's greatest Credit Bubble advances almost…

• Kuroda, Bubbles and King Dollar

  Published 31 October 2014 | viewed 0 times

  Kuroda stokes stock prices and king dollar. When it seems almost impossible, things somehow get even crazier. By Thursday afternoon (thinking ahead to my Friday…

• More Wackoism

  Published 24 October 2014 | viewed 0 times

  Central banks win the day and week. October 21 - Reuters (Andreas Framke, Eva Taylor and Paul Carrel): "The European Central Bank is considering buying…

• The Downside of Do Whatever it Takes

  Published 17 October 2014 | viewed 0 times

  "Anyone who isn't really *concerned* doesn't understand the situation." Goldman Sachs CEO Lloyd Blankfein provided a market-calming interview late Thursday afternoon with CNBC's Carl Quintanilla.…

• Derivatives Story 2014

  Published 10 October 2014 | viewed 0 times

  Increasingly, it looks like "risk off" and big trouble. At this point, I've seen sufficient market evidence to posit that the global financial Bubble has…

• The New Mediocre Neutral

  Published 04 October 2014 | viewed 0 times

  For a couple hours on Thursday things were beginning to look dicey. Bloomberg's Tom Keene: "The 'new mediocre,' the new mediocrity that is out there.…

• What We Know

  Published 26 September 2014 | viewed 0 times

  Heightened global market instability has began to be transmitted to U.S. securities markets. There's much that we simply don't know. There is as well a…

• Only for Wonks

  Published 19 September 2014 | viewed 0 times

  A week of really interesting market action and a new Z.1 "flow of funds" report - all overshadowed by Alibaba. I appreciate Bill Gross' August…

• King Dollar and the Peripheries

  Published 12 September 2014 | viewed 0 times

  Things are turning interesting again. An interesting week saw that Brazilian real get hammered for 4.2%, as Brazil's stocks sank 6.2%. Venezuela Credit default swap…

• Do Whatever it Takes to Shock and Awe

  Published 05 September 2014 | viewed 0 times

  Draghi beats "Wall Street" estimates. Markets rejoice. I'm not really that old. And I don't have to think back all that many years to recall…

• Pondering the Summers of 2012 and 2014

  Published 29 August 2014 | viewed 0 times

  The gulf between inflating global securities prices and deteriorating fundamental prospects widens by the week. Another captivating week capped off a dramatic summer. War erupts…

• Reflexivity, Bubbles and Profits

  Published 23 August 2014 | viewed 0 times

  Market "risk on" - in the face of a risky and unstable world. My analytical framework owes a debt of gratitude to, among others, George…

• Bubbles and Schemes

  Published 25 July 2014 | viewed 0 times

  Cracks appearing in junk bonds? The "economic sphere" versus "financial sphere" analytical framework has in the past been a CBB focal point. Over recent years…