Doug Noland

Prudent Bear

Contributor since: 26 Feb 2010

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• Q3 2012 Flow of Funds

  Published 07 December 2012 | viewed 0 times

  In further proof that I don't pander to readers, I'll dive into the Fed's Q3 2012 "Flow of Funds" data. For the quarter, the growth…

• Ready for Year-End Fiscal Cliff Drama?

  Published 30 November 2012 | viewed 0 times

  It's imperative to constantly test one's thesis - in my case, an unconventional view of the world of finance, the markets and the global economy.…

• Follwing Weidmann, Lacker Takes a Stand

  Published 23 November 2012 | viewed 0 times

  "As background for our monetary policy decisionmaking, we at the Federal Reserve have spent a good deal of effort attempting to understand the reasons why…

• When Money Dies

  Published 16 November 2012 | viewed 0 times

  November 16 - Wall Street Journal (Damian Paletta and Carol E. Lee): "White House officials are in advanced internal discussions about a plan to replace…

• Sandy, Bernanke and Money

  Published 02 November 2012 | viewed 0 times

  October 20, from Dr. Jeff Masters of Weather Underground: "In a stunning spectacle of atmospheric violence, Superstorm Sandy roared ashore in New Jersey last night…

• The Perils of Bubbles and Speculative Finance

  Published 26 October 2012 | viewed 0 times

  Let's return this week to the broader global Macro Credit Thesis. First of all, we live in a highly over-indebted world that becomes only more…

• 25 Year Anniversary

  Published 20 October 2012 | viewed 0 times

  I spent a memorable October 19, 1987 in front of Quotron and Telerate screens as a Treasury analyst at Toyota's U.S. headquarters in Torrance, California.…

• The Myth of Deleveraging

  Published 13 October 2012 | viewed 0 times

  A Bloomberg headline from earlier in the week caught my attention: "U.S. Downgrade Seen as Upgrade as $4 Trillion Debt Dissolved." As someone that analyzes…

• You Can Intimidate Everyone

  Published 05 October 2012 | viewed 0 times

  "I used to think if there was reincarnation, I wanted to come back as the President or the Pope or a .400 baseball hitter. But…

• It's all Greek to Me

  Published 28 September 2012 | viewed 0 times

  The focus of analysis this week shifts back to Europe. My thesis remains that the unfolding European debt and economic crises provide a potential catalyst…

• Z1, QE3 and Deleveraging

  Published 21 September 2012 | viewed 0 times

  As you read my opening summary of the Fed's latest quarterly Z.1 "flow of funds" report, keep in mind the Fed's recent decision to move…

• QE Forever

  Published 14 September 2012 | viewed 0 times

  "Congratulations Mr. Bernanke. I'm happy, my assets' values go up. But as a responsible citizen I have to say the monetary policies of the U.S.…

• Diverging Like It's 1929

  Published 07 September 2012 | viewed 0 times

  Spanish 10-year yields dropped 123 bps this week to 5.57%. Yields are now down 194 bps from July 24 highs (7.51%). Italian 10-year bond yields…

• Risk #3

  Published 31 August 2012 | viewed 0 times

  August 30 - Bloomberg (Mark Deen): "Yale University professor Stephen Roach said Federal Reserve Chairman Ben S. Bernanke shouldn't be given a third term because…

• Do Whatever it Takes!

  Published 24 August 2012 | viewed 0 times

  I believe it was the History Channel, but it may have been Discovery. It was one of those restless nights where sleep wasn't coming easy…

• The Winding Down of Fannie and Freddie?

  Published 17 August 2012 | viewed 0 times

  The Dow Jones Industrial Average closed this week at its highest level since December 2007. The S&P 500 trades only 10% below its 2007 high.…

• The Dog That's Not Barking

  Published 10 August 2012 | viewed 0 times

  The "go ahead, make my day," Draghi "will do everything to save the euro" rally saw Spanish and Italian stocks jump 10.6% and 9.5%, respectively,…

• Think Grand Canyon

  Published 03 August 2012 | viewed 0 times

  Things get wackier by the week. My proposition has been that once a Credit crisis comes to afflict the "core" (gravitating from the "periphery") the…

• Monetary Madness

  Published 27 July 2012 | viewed 0 times

  In commemoration of M2 surpassing $10.0 TN for the first time - not to mention the unfolding confrontation between ECB President Draghi and Germany's Bundesbank…

• Risk On, Risk Off and the Spanish/Chinese Tug of War

  Published 20 July 2012 | viewed 0 times

  "Global macro" has of late been relegated more of a backseat role, with earnings and market "technicals" driving a largely upbeat marketplace. Things might have…