• 545 days Will The ECB Continue To Hike Rates?
  • 545 days Forbes: Aramco Remains Largest Company In The Middle East
  • 547 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 947 days Could Crypto Overtake Traditional Investment?
  • 951 days Americans Still Quitting Jobs At Record Pace
  • 953 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 956 days Is The Dollar Too Strong?
  • 957 days Big Tech Disappoints Investors on Earnings Calls
  • 958 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 959 days China Is Quietly Trying To Distance Itself From Russia
  • 960 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 964 days Crypto Investors Won Big In 2021
  • 964 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 965 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 967 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 967 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 971 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 971 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 971 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 974 days Are NFTs About To Take Over Gaming?

Doug Noland

Doug Noland

Prudent Bear

Contributor since: 26 Feb 2010

  • Druckenmiller the Statesman

    Published 18 July 2014 | viewed 0 times

    Geopolitical risk erupts and a hedge fund titan speaks candidly. Hedge fund manager Stanley Druckenmiller rightfully attained "legendary" stature after achieving a phenomenal 30-year track…

  • 2014 vs. 2007

    Published 11 July 2014 | viewed 0 times

    Action at the "periphery of the periphery." "The job of an economist, among many other duties, is to put things into perspective. So, because I…

  • The Moneyness of Risk Assets

    Published 04 July 2014 | viewed 0 times

    Dr. Yellen, you just condoned "Terminal Phase" excesses. I have liberally excerpted from Janet Yellen s July 2 speech to the International Monetary Fund: "Monetary…

  • No Bubble?

    Published 27 June 2014 | viewed 0 times

    Fed hawks are beginning to make some noise. Earlier in the week BlackRock's Larry Fink commented on CNBC: "A Bubble is predicated on leverage." Fink…

  • Sound or Unsound?

    Published 13 June 2014 | viewed 0 times

    Add meltdown in Iraq to the long list of geopolitical risks. As follow-up to last week's quarterly "flow of funds" analysis, I'll take a brief…

  • Credit Allocation

    Published 06 June 2014 | viewed 0 times

    Signs of an upside dislocation... Total (financial and non-financial) Credit jumped $484bn during Q1 to a record $59.399 TN, or 347% of GDP. Although economic…

  • He's Back

    Published 30 May 2014 | viewed 0 times

    A synchronized melt-up in global risk markets. May 30 - MarketNews International (Brai Odion-Esene): "Former Bank of England official Adam Posen believes there is undue…

  • How The Euro was (Really) Saved

    Published 23 May 2014 | viewed 0 times

    The short squeeze was back. "To the astonishment of almost everyone in the room, Angela Merkel began to cry. 'Das ist nicht fair.' That is…

  • Nervous Time

    Published 16 May 2014 | viewed 0 times

    Tepper and Summers offer valuable insight. I'll begin with a few of this week's notable market moves. The euro/yen declined another 82 bps, increasing its…

  • (No) Conundrum 2.0

    Published 09 May 2014 | viewed 0 times

    Could things possibly be any more fascinating? Representative Kevin Brady: "I'll conclude with this. My main concern, having served on the committee in the early…

  • Serial Booms and Busts

    Published 02 May 2014 | viewed 0 times

    How long can the markets ignore Ukraine, Russia and China? After beginning 1987 near 104, the dollar index dropped almost 10% in nine months. From…

  • Money and Credit and The Current Backdrop

    Published 02 May 2014 | viewed 0 times

    Originally posted April 27, 2013. Trouble brewing. Over the years, money and the "Moneyness" of Credit have remained focal points of my Macro Credit Analytical…

  • Automatic Stabilizer?

    Published 19 April 2014 | viewed 0 times

    Yellen comforts New York - and the Bulls. "Fundamental to modern thinking on central banking is the idea that monetary policy is more effective when…

  • Financial Stability

    Published 11 April 2014 | viewed 0 times

    Selling is starting to get serious. "Each Spring, thousands of government officials, journalists, civil society organizations, and invited participants from the academia and private sectors,…

  • HFT, Rigged Markets and The Man

    Published 04 April 2014 | viewed 0 times

    Initial indications of greed giving way to fear. April 3 - Bloomberg (Silla Brush): "The U.S. Commodity Futures Trading Commission is reviewing futures markets to…

  • QE, Uncertainty and CPI

    Published 28 March 2014 | viewed 0 times

    Equity market internals have turned increasingly unsettled. In last Wednesday's press conference, Janet Yellen upset the markets with her comment suggesting that the Fed might…

  • April/May/June Dynamic?

    Published 21 March 2014 | viewed 0 times

    Putin takes Crimea, China devalues and Yellen has a shaky debut. Last week I posited that "Ukraine and China posed clear and present dangers to…

  • A 'Truman Show' World

    Published 14 March 2014 | viewed 0 times

    The Ukraine and China pose clear and present danger to global markets. March 13 - Financial Times (Miles Johnson): "In the 'Truman Show', the late…

  • Q4 2013 'Flow of Funds' and Geopolitical

    Published 07 March 2014 | viewed 0 times

    Ominous geopolitical meets exuberant markets. During Q4 2013, Total System Credit increased (nominal) $840bn to a record $58.991 TN, or 345% of GDP. On a…

  • Bundesbankification

    Published 28 February 2014 | viewed 0 times

    Developments in China and the Ukraine weren't enough to restrain the exuberant bulls. For someone deeply engaged in monetary theory and policy, Thursday was special.…