Doug Noland: "Fed Credibility Is Evaporating Along With Bond Prices" – Investment Watch
Doug Noland is out with his latest Credit Bubble Bulletin, following a week in which some of the things he’s been warning about began to happen. Definitely read the whole thing (especially the exchange between Representative Warren Davidson and Fed Chair Jerome Powell). But in the meantime here’s a brief excerpt: Global bond markets have an inflation problem. The international central bank community has an inflation problem. Perhaps Treasuries and the Fed face the biggest challenge in managing around mounting inflationary risks. The U.S., after all, is running unprecedented peacetime d...
Source: investmentwatchblog.com