Doug Noland: Monetary Fiasco

All great monetary fiascos are forged upon a foundation of misperceptions and flawed premises. There’s always an underlying disturbance in money and Credit masked by supposed new understandings, technologies, capabilities and superior […]

What Happened?

“What happened” is the question I was asking all day on Wednesday.  The market was having a broad-based risk-on rally which appeared to be defying the current tightening monetary policy narrative.  While […]

Another Market Top

The markets are extremely overbought, volume has lagged significantly on both the NYSE and NASDAQ exchanges during this rally, and all the major indexes are sitting at the level of previous peaks. […]

Doug Noland: Hobson’s Choice

More than two months have passed since the August “flash crash.” Fragilities illuminated during that bout of market turmoil still reverberate. Sure, global markets have rallied back strongly. Bullish news, analysis and […]