$12 TN and Counting Doug Nolan Money Market Fund Assets (MMFA) surged $132 billion last week to a record $7.654 TN – the largest increase s...
The Federal Reserve’s Other Problem How much bank leverage – debt relative to equity – is good for the economy, and how much leverage jeopar...
The world isn’t prepared for a wave of sovereign debt defaults Many emerging markets will need painful bond writedowns from China and privat...
S overeign Creditors Must Not Rewrite the Rules During the Pandemic If Argentina acceded to the demands of a group of hold-out creditors,...
Fingers point at hedge funds after Japan bond sell-off Trend-following investors switched bets after price crossed key threshold Laurenc...
History Rhymes Doug Nolan President Trump and President Xi are meeting in Osaka as I write. We’ll know much more in the morning. Pre-m...
The Long and Winding Road to a Haircut CARMEN M. REINHART CAMBRIDGE – Default is back. Sovereign finances weathered a wrenching globa...
Peak Monetary Stimulus Doug Nolan October 28 – Bloomberg (Eliza Ronalds-Hannon and Claire Boston): “After all central bankers hav...
