Doug Noland: The Wrath

When it comes to the late-stage of a major Credit Bubble, the analysis in a way simplifies: The Bubble bursts or it inflates to only more perilous extremes. Recalling 2007, well-entrenched Bubbles […]

Party Like Its 1929

Since the election, the US risk assets (stocks and high-yield bonds) have experienced a significant speculative rally based on positive sentiment across the board.  Stocks were also supported by a spike in […]