It is not possible to understand an economy without understanding how that economy is financed. In the latest Macro Watch video, we examine the credit
Richard Duncan
Recent Posts by Richard Duncan
Our economic system changed in a fundamental way when we stopped backing Dollars with Gold. That change removed the most important constraint on how much
When the Dollar appreciated by 22% between June 2014 and March 2015, commodity prices fell, emerging markets suffered, world trade contracted, US corporate profits fell
Please note: I attached the wrong link to this podcast last night, so I am reposting this blog with the correct link. Sorry for any
In February, I went on a roadshow to meet with institutional investors in New York, Boston, San Francisco and Los Angeles. I made presentations to