Doug Noland

Prudent Bear

Contributor since: 26 Feb 2010

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• The Liquidity Showdown

  Published 29 June 2001 | viewed 3,253 times

  It was another volatile week in global financial markets. Here at home, the Dow ended the week with a decline of about 1%, and the…

• Money Market Fund Intermediation

  Published 22 June 2001 | viewed 4,790 times

  It was another unsettled week for the U.S. equity market. For the week, the Dow finished largely unchanged, while the S&P500 added about 1%. The…

• Monetary Disorder: Then and Now

  Published 15 June 2001 | viewed 3,459 times

  With confidence rattled by waves of earnings disappointments, including today's announcement of a $19 billion loss at Nortel, bear market conditions returned to U.S. and…

• The Velocity of Crime

  Published 08 June 2001 | viewed 4,134 times

  If volatility and considerable divergence between individual stocks and sectors has become the norm, it was another "normal" week in the stock market. Blue chips…

• Risky Business

  Published 01 June 2001 | viewed 3,473 times

  It was a mixed week in the stock market, with technology stocks bouncing back after suffering heavy selling early in the week. For the week,…

• The Son of Portfolio Insurance

  Published 25 May 2001 | viewed 10,937 times

  It was a mixed week in the equity market, with the more speculative stocks and groups again outperforming the blue chips. For the week, the…

• Feeding the Financial Beast

  Published 18 May 2001 | viewed 3,599 times

  The Fed moved aggressively again this week, having now reduced rates by 250 basis points in less than five months. The only somewhat reasonable comparison…

• The Unraveling

  Published 11 May 2001 | viewed 3,899 times

  Extraordinary uncertainty as to the direction of the economy, inflation, and market interest rates seemed to begin to wear on the equity market this week.…

• The Power of Money

  Published 04 May 2001 | viewed 4,049 times

  It was a now normal week of wild volatility and stunning moves in many individual stocks. The more speculative areas of the market significantly outperformed.…

• 'Bermuda Call Structures'

  Published 27 April 2001 | viewed 5,333 times

  Much of the stock market rallied strongly again this week, with the Dow gaining 2% and the S&P500 adding 1%. The Morgan Stanley Consumer index…

• John G. Gurley and Edward S. Shaw on Financial Intermediaries

  Published 20 April 2001 | viewed 7,378 times

  The surprise rate cut by the Federal Reserve worked wonders for equity prices, and the more speculative the stock, the better it generally performed. For…

• Reality Check

  Published 12 April 2001 | viewed 3,751 times

  In a move that will certainly be welcomed by many, this is an abbreviated holiday version of the Credit Bubble Bulletin. I think the less…

• Pertinent Analysis from Friedrich A. Hayek

  Published 06 April 2001 | viewed 3,888 times

  It was another week of historic stock market volatility in a financial environment that grows more unsettled/precarious by the week. On the back of yesterday's…

• Hyman Minsky on John Maynard Keynes

  Published 30 March 2001 | viewed 8,762 times

  Instability abounds for financial markets in the U.S. and globally. For the week, the Dow gained 4% and the S&P500 added 2%. The Utilities surged…

• Pondering an Enlightening Day in Pleasantville

  Published 23 March 2001 | viewed 4,020 times

  I guess we are all getting a little numb to this continued historical volatility and the wild divergences between individual stocks and groups…I guess. For…

• Global System Instability

  Published 16 March 2001 | viewed 4,104 times

  With recognition of the seriousness of the unfolding global financial crisis beginning to take hold, the Dow ended the week with a loss of almost…

• A Gain of 364,000 vs. a Loss of 190,000

  Published 09 March 2001 | viewed 3,820 times

  A week where a top Japanese policymakers discusses the possibility of financial collapse, technology leader Intel announces an even more dreadful forecast, another technology rally…

• The Sagacious Dr. Ron Paul

  Published 02 March 2001 | viewed 3,783 times

  Perhaps it is subtle, but wild volatility appears to be giving way to even greater instability. For example, from yesterday’s low to today’s midday highs,…

• All Dressed Up...

  Published 23 February 2001 | viewed 3,648 times

  Global financial instability returned with a vengeance this week, with Turkey in the throes of financial collapse. Here at home, the Dow declined 3%, and…

• Four Months of Respite

  Published 16 February 2001 | viewed 3,463 times

  The week certainly ended on ominous note, with a new U.S. President authorizing bombings near Baghdad, ugly inflation data, and a faltering stock market. For…