Nolan: Our Multi-Decade Financial Bubble is Coming to a Head
gulfcoastcommentary.substack.com
From Doug Nolan at Credit Bubble Bulletin: Bubbles are sustained only by ever increasing amounts of Credit. The most pernicious Bubbles are those fueled by “money” – perceived safe and liquid Credit instruments. Bubbles are mechanisms of wealth redistribution and destruction. Structural impairment caused by Bubble excess escalates over the life of the boom.
Nolan: Our Multi-Decade Financial Bubble is Coming to a Head
Nolan: Our Multi-Decade Financial Bubble is…
Nolan: Our Multi-Decade Financial Bubble is Coming to a Head
From Doug Nolan at Credit Bubble Bulletin: Bubbles are sustained only by ever increasing amounts of Credit. The most pernicious Bubbles are those fueled by “money” – perceived safe and liquid Credit instruments. Bubbles are mechanisms of wealth redistribution and destruction. Structural impairment caused by Bubble excess escalates over the life of the boom.