The Undollar Digest

Dysfunctional Markets

Doug Noland, www.prudentbear.com, 05/14/2010
It was fundamental to Greenspan/Bernanke doctrine to deal with market and economic fragility through the aggressive reflation of system Credit.  This doctrine of inflationism was instrumental in nurturing Credit and speculation excesses… The ECB’s big mistake was not to have forcefully fought the Fed.
My bearish thesis on our markets and economy is [...]


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