The fourth quarter was a period of financial instability and tightened financial conditions. What tracks would be left in the data? Moreover, would the report confirm a continuation of the broadening Credit slowdown that had turned more pronounced during Q3, a slowing that would portend weak GDP and corporate earnings. Would the data support the thesis of mounting financial fragility? This Z.1 did not disappoint.
The post Doug Noland’s Credit Bubble Bulletin- Q4 2015 Flow of Funds was originally published at The Wall Street Examiner. Follow the money!