Doug Noland: Cracks

As the cycle extends and timid central banks dilly-dally, the gap widens dramatically between bullish perceptions and mounting systemic deficiencies – between inflating expectations and deteriorating fundamental prospects. This chasm, however, is […]

Doug Noland: Subprime and Short Vol

These days, all these structured volatility products have been key to enormous pools of “money” chasing inflated securities prices increasingly detached from reality.  A Paradox of Dysfunctional Contemporary Finance: The higher home […]

The Fed’s New Orders

That was quick.  No time like the present to end “Stupid is as Stupid does…“. Just a hunch on my part, but traders probably noticed the Fed’s shorting volatility and joined them […]