Q3 was yet another fascinating quarter for U.S. finance. Total Credit (Non-Financial, Financial and Foreign U.S. borrowings) jumped a nominal $1.075 TN, the [...]

Dr. Bernanke has referred to the understanding of the forces behind the Great Depression as the “Holy Grail of Economics.” But was the Great Depression [...]

For the Week: The S&P500 gained 1.0% (up 25.3% y-t-d), and the Dow added 0.6% (up 20.3%). The Utilities were unchanged (up 19.0%). The Banks added 0.4% (up [...]

Last week from The Institute of International Finance (IIF) (a summary from a members-only report): “Global debt has topped $250 billion – 320% of GDP: [...]

We shouldn’t read too much into one month. With a holiday week, October is typically a sluggish period for lending in China. But at $88 billion, the growth [...]

M2 money supply has increased $796 billion y-t-d to $15.245 TN. With two months to go, 2019 M2 growth is on track to easily exceed 2016’s record $854 billion [...]

October non-farm payrolls expanded a stronger-than-expected 128,000 (estimate 85k), in a month when the GM strike reduced payroll growth by upwards of 42,000 [...]

Any central bank head that passes through an eight-year term without once raising rates has some explaining to do. To leave monetary policy extremely loose for [...]

I’ve held the view that Chinese finance has been at the epicenter of international market unease. The U.S./China trade war was not the predominant global [...]

Please join Doug Noland and David McAlvany Thursday, October 17th, at 4:00PM Eastern/ 2:00pm Mountain time for the Tactical Short Q3 recap conference call, [...]

This week’s disappointing ISM reports dominated business headlines: “US Manufacturing Survey Shows Worst Reading in a Decade.” “U.S. Factory Gauge [...]

Non-Financial Debt (NFD) expanded $408 billion during Q1 to a record $53.015 TN. This was down from Q1’s $765 billion expansion. On a seasonally-adjusted and [...]