When credit growth is weak, the United States falls into recession. Between 1952 and 2008, there were only nine years when total credit (adjusted for inflation)
Richard Duncan
Recent Posts by Richard Duncan
Milton Friedman once famously said, “Inflation is always and everywhere a monetary phenomenon”. It’s not. The history of Inflation in the United States over the
In order to understand how the economy and the financial markets really work today, it is necessary to understand Money. Not many people do. In
The Fed is running behind schedule. According to the Quantitative Tightening (QT) schedule it published last year, the Fed had intended to destroy $50 billion
The combination of tax cuts and increased government spending – on top of Quantitative Tightening – is set to drain $3 trillion out of the