A global pandemic and historic economic downturn. A rapidly escalating U.S./China cold war. Surging U.S. unemployment and economic depression. A deeply [...]
For the Week: The S&P500 rallied 3.2% (down 8.5% y-t-d), and the Dow rose 3.3% (down 14.3%). The Utilities gained 2.8% (down 12.2%). The Banks jumped 5.9% [...]
“Bubble” is commonly understood to describe a divergence between overvalued market prices and underlying asset values. And while price anomalies are a [...]
The work of the great economist Joseph Schumpeter (1883-1950) has always resonated. When I ponder analytical frameworks pertinent to these extraordinary times, [...]
In a CBB from a decade or so ago, I noted that at the commencement of WWII President Roosevelt marshaled an agreement from the major warring parties to avoid [...]
Now on a weekly basis, we’re witnessing things that couldn’t happen – actually happen. April 20 – Bloomberg (Catherine Ngai, Olivia Raimonde, and [...]
Please join Doug Noland and David McAlvany this coming Thursday, April 23rd, at 4:00PM Eastern/ 2:00pm Mountain time for the Tactical Short Q1 recap conference [...]
Sitting at the dinner table, our eleven-year old son inquired: “If a big meteor was about to hit the earth, how much money would the Fed print?” I [...]
The past week witnessed 6.6 million new U.S. unemployment claims, pushing the two-week surge to a sickening almost 10 million. The U.S. economy is sliding into [...]
Being an analyst of Credit and Bubbles over the past few decades has come with its share of challenges. Greater challenges await. I expect to dedicate the rest [...]
I’ve been dreading this. In the midst of all the policy responses to the collapse of the mortgage finance Bubble, I recall writing something to the effect: [...]
It was as if global markets pulled elements from the 1994 bond market dislocation, 1997’s Asian Bubble collapses, the 1998 Russian/LTCM fiasco, and the 2008 [...]
