The first quarter seems ages ago. Recall how securities markets fell under significant stress. Global central bankers responded (Pavlovian) with more QE and lower rates. Here at home, the Fed suspended its rate “normalization” plan after one single little baby-step. As for the Fed’s Q2 2016 “flow of funds” report, it was almost Like Old Times.
The post Doug Noland’s Credit Bubble Bulletin: Like Old Times: Q2 2016 Flow of Funds was originally published at The Wall Street Examiner. Follow the money!