Germany’s Deutsche Bank CDS spiked 30 higher intraday Friday, to 210 bps – surpassing panicky market levels from last October and even March 2020. Deutsche [...]
It is commonly believed that the “Great Financial Crisis” could have been avoided had the Federal Reserve bailed out Lehman Brothers. This is along the [...]
Especially from the Credit Bubble perspective, it was a troubling week. A more hawkish Fed Chair in the face of escalating systemic risk. Two bank failures, [...]
Ten-year Treasury yields traded as high as 4.09% this week, the high since November 9th. Benchmark MBS yields rose to 5.67%, up 100 bps over the past month, [...]
Archaic perhaps, but I am an impassioned proponent of sound money – and have been for a long time. It’s vital – fundamental. The Austrian School of [...]
Data this week confirmed both that “disinflation” is not running wild and that the U.S. economy is not falling off a cliff. A comment by a senior German [...]
There was further evidence this week that loose financial conditions are working their magic. University of Michigan Consumer Sentiment added a [...]
After beginning 1968 at 3.6%, (y-o-y) CPI jumped to 6.2% to end 1969. “Disinflation” took hold, with CPI down to 2.7% by June 1972. What had been festering [...]
Q4 GDP growth was reported at a stronger-than-expected 2.9% pace, down marginally from Q3’s 3.2% – but solid nonetheless. The Atlanta Fed’s [...]
Some headlines from the week: “Fed Officials Signal Slower Pace of Rate Hikes.” “Top Fed Officials Foreshadow Further Slowdown in Rate Increases.” [...]
Please join Doug Noland and David McAlvany this coming Thursday, January 19th, at 4:00 pm Eastern/ 2:00 pm Mountain time for the Tactical Short Q4 recap [...]
Bubble: A self-reinforcing, but inevitably unsustainable inflation. Bubbles are a monetary phenomenon, fueled by some underlying source of Credit expansion. If [...]
