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Richard Duncan

Recent Posts by Richard Duncan

The History Of US Monetary Policy – Highly Recommended

It is not possible to understand how the economy and the financial markets work in the 21st Century without understanding how the government conducts Monetary

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Speech: Understanding Potential Threats To Trade and Economic Stability In Asia

In September, I spoke at the Global Trade Review Conference in Singapore.  My topic was Understanding Potential Threats To Trade and Economic Stability In Asia. 

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Inflation Would Crush The Global Economy

The new Macro Watch video looks at the Credit to GDP ratio for each of the world’s twenty largest economies.  We find that credit has

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The Stock Market: Worry Now, Sell Later?

The S&P 500 Index is now 66% above its 2007 pre-crisis peak and 250% above the low it reached in 2009.  The market’s cyclically adjusted

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When Stocks Fall, Expect A Recession

As a rule, Credit Growth drives Economic Growth. But that is not the case now. Credit growth is very weak, but the economy grew by

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