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Richard Duncan

Recent Posts by Richard Duncan

Bank Reserves Are Irrelevant. QE Works!

Many people believe that when the Fed creates money through Quantitative Easing, that that money simply gets stuck in the banks as Bank Reserves and

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Dire Consequences Without New Stimulus

If Congress fails to pass a new economic rescue bill soon, the United States is likely to experience a new severe economic downturn that could

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The Velocity Of Money Is Irrelevant

Although the subject of the new Macro Watch video is the irrelevance of Velocity in the 21stCentury, the video begins with a brief comment on

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Trillions At Stake In Upcoming FOMC

A lot is riding on the Fed’s FOMC meeting next week.  One misstep could send asset prices crashing. The new Macro Watch video discusses the factors

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Interview: Melt Up or Melt Down?

I was recently interviewed by Cris Sheridan for Financial Sense Newshour. This was a succinct conversation that addressed many of the issues that most concern

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