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     Jun 3, '14


CREDIT BUBBLE BULLETIN
Suckered again
Commentary and weekly watch by Doug Noland

Bubbles and financial manias are just incredibly fascinating. Unfortunately, they’re also exceedingly dangerous; something that somehow goes unlearned. Having studied past manias, for me it's



invariably a case of "how could they have fallen for that".

In hindsight, bouts of financial euphoria always look ridiculous. Having now worked through twenty-five years of serial booms and busts, I have come to appreciate how the "analysis" always follows the direction of the markets. And the crazier the (late-cycle) market excesses the more creative the bullish propaganda. Of late, it’s turned fervently "creative". More ...

Doug Noland is a market strategist for the Prudent Bear Funds.

(Republished with permission from PrudentBear.com. Copyright 2005-2014 David W Tice & Associates. All rights reserved.)





 

 

 
 



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