UNHINGED FRIDAY / CREDIT BUBBLE BULLETIN

Unhinged Friday Doug Nolan Investment-grade CDS (Credit default swap) prices traded below 50 bps Friday, to within a few basis points of low...

ARE US TREASURIES BECOMING A FINANCIAL CHOKEPOINT? / THE FINANCIAL TIMES OP EDITORIAL

Are US Treasuries becoming a financial chokepoint? A haven asset for the financial system is becoming a source of risk John Plender The US h...

SPACEX AND A Z.1(Q1 2026) / CREDIT BUBBLE BULLETIN

SpaceX and a Z.1 (Q1 2026) Doug Nolan To visualize historic Bubble excess, a variety of Z.1 charts are available on the “Charts” page at the...

HORMUZ IS NOT THE ONLY WEAK SPOT FOR GLOBAL TRADE / THE ECONOMIST

Unsafe passage  Hormuz is not the only weak spot for global trade  Many shipping routes are vulnerable, from the Strait of Malacca to the Pa...