Credit Bubble Bulletin: "This is Insane"

By Doug Noland 01/18/2020 Please join Doug Noland and David McAlvany this coming Thursday, January 23rd, at 4:00PM Eastern/ 2:00pm Mountain time for the Tactical Short Q4 recap conference call, "Surviving an Equities Melt Up” Click here to register. “...Investors kept plowing money into U.S.-listed ETFs. A cool $13.4 billion flowed into [...] Read more

Credit Bubble Bulletin: Issues 2020

By Doug Noland 01/11/2020 When I began posting the CBB in 1999, I expected “Bubble” to be in the title for no longer than a year or two. It was to be the “Credit Bulletin,” inspired by Benjamin Anderson’s “Economic Bulletin” from the 1920’s. Yet here we are in 2020 with Bubbles everywhere, including in my blog title. In 1999, I would have said [...] Read more

Baltic Dry Plunges Most Since 2008 As Tariff-Frontrunning Ends

By Tyler Durden 01/08/2020 The Baltic Exchange's main sea freight index fell for the 20th consecutive session to an eight-month low (the longest streak of losses since Nov 2015) as world trade continues to slump amid signs the so-called "front-loading" effect ahead of tariff deadlines has ended. The Baltic Dry Index, which tracks rates for [...] Read more

Doug Casey’s Top 7 Predictions for the 2020s

Doug Casey’s Top 7 Predictions for the 2020s

By Doug Casey 01/03?/2020 The task is to make some predictions (although “forecasts” sounds more legitimate) about the Big Picture. OK, I’m game. Let’s write some plausible science fiction, with a tinge of horror story. #1 Demographics First, it’s good to remember that demographics have a life of their own. That’s not good from the point of view [...] Read more

This Is Great News For Gold

By John Rubino 01/02/2020 The 2010s were not kind to precious metals, in either nominal or relative terms. Gold and silver are down from their 2011 highs and waaayyy down versus equities and other favorite assets of the 1% like fine art and trophy real estate. But this imbalance has begun to reverse, in two ways. First, stocks have soared to [...] Read more

Credit Bubble Bulletin: 2019 in Review

By Doug Noland 01/04/2020 It cannot be overstated: Bubbles are of paramount importance – for markets, finance more generally, economies, and social and geopolitical stability. Two U.S. bursting episodes over the past twenty years would seem to make this proposition indisputable. I would add that Bubble Dynamics have never been more pertinent than [...] Read more

Credit Bubble Bulletin: Just the Facts (December 27, 2019)

By Doug Noland 12/27/2019 For the Week: The S&P500 added 0.6% (up 29.2% y-t-d), and the Dow increased 0.7% (up 22.8%). The Utilities slipped 0.3% (up 22.2%). The Banks added 0.3% (up 32.3%), while the Broker/Dealers declined 0.8% (up 22.6%). The Transports increased 0.3% (up 19.3%). The S&P 400 Midcaps were little changed (up 24.0%), while [...] Read more

Credit Bubble Bulletin: Last of the Great Central Bankers

By Doug Noland 12/21/2019 Oregon’s economy was at the time ravaged by our nation’s high inflation and Paul Volcker’s battle to rein it in. The state’s unemployment rate was over 10% when I graduated from the University of Oregon in 1984. I don’t recall having animus toward the Federal Reserve but was instead frustrated with Washington’s huge [...] Read more

Credit Bubble Bulletin: Q3 2019 Z.1 Flow of Funds: Repo Madness

By Doug Noland 12/14/2019 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 strongest quarterly gain since Q4 2007’s $1.159 TN, ending September at $74.862 TN (348% of GDP). Total Credit was up $3.230 TN over the past four quarter (4.5%) and [...] Read more

Beware gold stock downside

Adam Hamilton - Zeal Intelligence 12/13/2019 The gold miners’ stocks have largely been consolidating high following last summer’s powerful upleg. That resilience has left sentiment relatively bullish, with traders mostly expecting this sector to soon start surging again. But the jury is still out on whether gold stocks will be lucky enough to [...] Read more

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