Discover and read the best of Twitter Threads about #creditbubblebulletin
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1/ "The global credit machine is grinding to a halt." That's why fin mkts are seizing--China was the marginal source of credit creation globally for yrs, & fin mkts depend on credit creation to keep prices high. Price discovery has been distorted for yrs. creditbubblebulletin.blogspot.com/2020/02/weekly… 
2/ As usual, my Saturday☕️ includes reading Doug Noland's #CreditBubbleBulletin--he has carefully chronicled colossal credit bubble for years. Historians will view his contrarian work as invaluable to understanding why things happened as they did, & not as mainstream predicted...
3/ A few nuggets I've concluded from experience+yrs of reading Doug & others who truly understand what's going on:
* Big banks aren't well-capitalized enuf to handle this; shld be raising equity capital FAST. This was clear last Fall during #repo scare--long b4 #coronavirus hit
* Big banks aren't well-capitalized enuf to handle this; shld be raising equity capital FAST. This was clear last Fall during #repo scare--long b4 #coronavirus hit
