Doug Noland

Prudent Bear

Contributor since: 26 Feb 2010

Contact Contributor

• Curriencies, Carry Trades, Fat Pigs and Pythons

  Published 21 February 2014 | viewed 0 times

  Equities are right back to near record highs - yet something just doesn't feel right. February 17 - Bloomberg: "Record new credit in China in…

• Transitions

  Published 14 February 2014 | viewed 0 times

  "Risk on" strikes a comeback. Representative Frank Lucas: "...When we undo quantitative easing, what is the effect going to be on things like farm land…

• EM, Hedge Funds and Corporate Debt

  Published 07 February 2014 | viewed 0 times

  A particularly unsettled week for U.S. and global markets. Global markets have turned highly unsettled. The S&P500 opened the week at about 1,783, sank to…

• End of an Era

  Published 31 January 2014 | viewed 0 times

  Bernanke chairs his final FOMC meeting. I hope to at some point offer a more complete review of Ben Bernanke's tenure at the Federal Reserve.…

• Credit is Gold #1 and Icebergs

  Published 24 January 2014 | viewed 0 times

  The EM crisis took a turn for the worse. Backdrops conductive to crises can drag on for so long - sometimes seemingly forever - as…

• Historic Year 2014 Thesis

  Published 17 January 2014 | viewed 0 times

  EM trades poorly and more China Credit developments, while the Fed hawks build their case. I'm proceeding with the view that 2014 is poised to…

• The Departing Bernanke on Macro-Prudential

  Published 10 January 2014 | viewed 0 times

  If the beginning is any indication, 2014 seems destined to be an unsettled year - the markets, the data, the Fed and U.S. and global…

• Issues 2014

  Published 03 January 2014 | viewed 0 times

  Not the most bullish looking start to 2014. "The only thing that worries me is that there isn't anything that you can worry about..." market…

• 2013 in Review

  Published 27 December 2013 | viewed 0 times

  Quite a year. All 2013 year-to-date price changes are as of the December 27th , but will be updated after the close on December 31.…

• Dovish or Hawkish

  Published 20 December 2013 | viewed 0 times

  Fed provides impetus for year-end equities mark-up, while things deteriorate in China. Where to begin... The Bernanke Fed commenced the first step toward reining in…

• Q3 2013 Flow of Funds

  Published 14 December 2013 | viewed 0 times

  Starting to look like cracks in global markets. Total (Non-Financial and Financial) Market Credit jumped $406bn (nominal) during Q3 to a record $58.082 TN. On…

• The Countdown to Year-End

  Published 06 December 2013 | viewed 0 times

  With about three weeks to go until year-end, things are turning more interesting. December 6 - Bloomberg (Saijel Kishan and Kelly Bit): "The $2.5 trillion…

• Pertinent Bubble Insights from the Roaring Twenties

  Published 30 November 2013 | viewed 0 times

  Another week another record high. "To understand the Great Depression is the Holy Grail of macroeconomics. Not only did the Depression give birth to macroeconomics…

• Plosser's Limited Fed: A Statesman Takes a Stand

  Published 22 November 2013 | viewed 0 times

  The stock market melt up continues. Meanwhile, intrigue only grows at the Fed. November 19, 2013: "From NPR News, this is All Things Considered. I'm…

• Hearing Janet Yellen

  Published 15 November 2013 | viewed 0 times

  Yellen fuels the melt up, while the Nikkei's 7.7% surge is a reminder of the global nature of the market Bubble. Senator Robert Menendez: "Some…

• The May/June Dynamic

  Published 01 November 2013 | viewed 0 times

  Keenly monitoring the periphery of the periphery. From Q&A: "In the spirit of simple questions, you're spending a Trillion dollars a year on this asset…

• Fighting the Good Fight

  Published 25 October 2013 | viewed 0 times

  Talk of no tapering until June and equities respond with more record highs. October 18 - Wall Street Journal (Alexandra Wolfe): "[Greenspan] said he is…

• Terminal Phases

  Published 18 October 2013 | viewed 0 times

  Record highs for the S&P 500, the S&P 400 Midcaps, and small cap Russell 2000. Upon this week's legislation to reopen the government and raise…

• The Perils of Mopping Up

  Published 12 October 2013 | viewed 0 times

  Six days and counting. The markets have already discounted a deal. October 9 - Reuters (David Milliken): "The U.S. Federal Reserve should try to stop…

• Night and Day

  Published 04 October 2013 | viewed 0 times

  At least so far, markets seem fine with a pathetically dysfunctional Washington. The question arrived via Prudentbear.com and appeared simple enough: "Can you explain how…