Mon, 18 December 2017
Doug Noland has made a career out of studying bubbles. There are so many of them now, but why worry? All monetary and credit policy always happens for the better, right? Well maybe not and maybe this time won't be different, at least Doug doesn't think so, and neither do we. |
Mon, 18 December 2017
John believes that so-called tax reform isn't going to help much. It will result in more bonuses and stock buy-backs. It's being for out of debt and this can't be a good thing. The jury is still out on this top, but we'll know more soon. Raising debt levels is never the cure to a debt bubble. |