OPPOSITE DAY / CREDIT BUBBLE BULLETIN

Opposite Day Doug Nolan  So much for “risk off,” at least for this week.  The Semiconductor Index surged 9.9%, more than recovering from las...

ON FIRE / CREDIT BUBBLE BULLETIN

On Fire Doug Nolan  Could the backdrop going into next Wednesday’s Powell press conference be any more intriguing? The economy has gained a ...

INDEFENSIBLE NEUTRAL RATE DOCTRINE / CREDIT BUBBLE BULLETIN

Indefensible Neutral Rate Doctrine Doug Nolan Bloomberg’s David Westin (Wall Street Week, July 29, 2022): “What do you economists do when y...

PONDERING MODERN-DAY RUNS / CREDIT BUBBLE BULLETIN

Pondering Modern-Day Runs Doug Nolan “In 1939, a brief proposal auspiciously titled ‘A Program for Monetary Reform’ was circulated among eco...