The Undollar Digest

2011 in Review

Doug Noland 12/30/2011 www.prudentbear.com

Coming into the year, I held to the thesis that 2011 was a “Bubble Year.”  If the Bubble ran uninterrupted, global risk markets would likely turn only more speculative, with an upward “inflationary” bias.  On the other hand, if the Bubble burst the markets might rather abruptly find themselves right back in a de-leveraging-induced crisis.  [...]


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