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CREDIT BUBBLE BULLETIN
Trench warfare
Commentary and weekly watch by Doug Noland


Global markets have turned highly unsettled. ... Currency markets have turned treacherous. Those short the commodity currencies abruptly found themselves on the wrong side of a squeeze.

Overall, global markets these days convulse between "risk off" and "risk on" - in bloody trench warfare between market bulls and



bears. Greed and fear vacillate between the two camps. ...

Bill Gross’ February piece, "Most 'Medieval'", provides an insightful read. ..."The days of getting rich quickly are over, and the days of getting rich slowly may be as well." 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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