Doug Wakefield

Contributor since: 26 Feb 2010

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• All In Til It Drops, Forget All Warnings; The Ultimate High Risk Game

  Published 20 June 2017 | viewed 0 times

  I have not posted to the blog recently since week by week equity markets continue to reflect "perfect calm". Don't get me wrong, banana peels…

• Investors Rude Awakening

  Published 02 May 2017 | viewed 0 times

  US elections were 6 months ago. The first 100 days of Trump's administration ended on April 29th. Markets have been in pause for 2 months.…

• A Financial Casino Versus A Nation

  Published 28 March 2017 | viewed 0 times

  As time passes at the top of the largest and most "assisted" markets in history, the experiences from across the world only continue to widen…

• When the 'Wealth Effect' Bubble Cracks

  Published 01 March 2017 | viewed 0 times

  "In psychology, cognitive dissonance is the mental stress (discomfort) experienced by a person who simultaneously holds two or more contradictory beliefs, ideas, or values, when performing an action that contradicts…

• The Misleading Comfort of Calm

  Published 08 February 2017 | viewed 0 times

  Have the headlines below given investors a sense of continuing peace, rest, and optimism regarding their financial futures? IMF slashes world growth forecast again, CNBC,…

• Dow 20k Faces Economic Reality and VIX

  Published 28 January 2017 | viewed 0 times

  Dow 20,000. Man has finally overcome gravity. What would we do without speed of light trading algorithms and "infinity" interventions by global central banks? Is…

• Populism; the Danger? What About Debt?

  Published 19 January 2017 | viewed 0 times

  Since the Great Recession, global debt has increased by $57 trillion, outpacing world GDP growth. In the spring of 2015, I placed the chart below…

• When Lightning Strikes Our Money

  Published 07 November 2016 | viewed 0 times

  If Twain's comments were true about people in the 19th century, would we not expect them to be just as applicable to us in the…

• The Central Bankers' Experiment: The Great Bust

  Published 16 September 2016 | viewed 0 times

  "The public enthusiasm, which had been so long rising, could not resist a vision so splendid. At least three hundred thousand applications were made of…

• All Is Calm, All Is Not Right

  Published 27 August 2016 | viewed 0 times

  With every passing year since 2008, support for the idea of free markets and open competition without constant intervention by central banks has been declining.…

• The Soaring Risk of Flying in Bernanke's Helicopter

  Published 14 July 2016 | viewed 0 times

  "Although the term 'helicopter money' is very frequently used in economics, it is doubtful whether such a policy will bring the results people really want.…

• Thinking Upside Down; Dow 18k Still Key

  Published 17 June 2016 | viewed 0 times

  Do you remember the '70s, and the all-star disaster films like the Towering Inferno and the Poseidon Adventure? As interest rates and gas prices soared,…

• When Rare Market Data Screams, Listen

  Published 19 May 2016 | viewed 0 times

  Are US stocks going up or down next week? Is the euro or pound trending up or down? What trends do we see in corporate…

• Central Planners Versus Contrarian Logic

  Published 05 May 2016 | viewed 0 times

  "For every action, there is an equal and opposite reaction" - Newton's Third Law, The Physics Classroom Since the Great Recession, anyone following financial history…

• Bubbles, Bubbles, Toil and... Pop

  Published 22 April 2016 | viewed 0 times

  "Prosperity is like a Jenna tower. Take one piece out and the whole thing can fall." That's a direct quote from John Williams, the President…

• The Four Blind Mice At the Cliff

  Published 15 March 2016 | viewed 0 times

  "They Keynesian economists urge adoption of a "managed currency" and various forms of government intervention in the economic life of its fellow citizens. The idea…

• The Dow Elevator; 18, 17, 16....

  Published 11 February 2016 | viewed 0 times

  "Whatever the stock index, whatever the country, whatever the security, prices only rarely follow the predicted normal pattern. My student, Eugene Fama, investigated this for…

• Money Mind Games, Futures, and the Future

  Published 25 January 2016 | viewed 0 times

  "In markets, usually when you see massive buying and selling and people piling into trades, it is time to step back, get some perspective, and…

• The Investor's Great Divide; Crossing the 200

  Published 11 December 2015 | viewed 0 times

  "Reuters, the British news agency, moved a story on its wire at 11:39 A.M. Tuesday, May 8, saying that Continental had denied as "totally preposterous"…

• Have Men and Money Schemes Changed?

  Published 17 November 2015 | viewed 0 times

  Week after week as we have come through 2015, there have been warnings from global markets and the global economy that our current juncture was…