The consensus view is that the Federal Reserve will begin increasing interest rates later this year. I believe the consensus view is wrong. The Fed
Richard Duncan
Recent Posts by Richard Duncan
When a central bank prints money and buys a government bond, it is the same thing as cancelling that bond (so long as the central
The European Central Bank has announced a massive Quantitative Easing program that is very likely to push European stock prices significantly higher. The new Macro
The key to understanding the economy and the financial markets in the 21st Century is this: Credit growth drives economic growth. From 1952 to 2008,
There is a broad consensus among financial market participants that interest rates will rise in 2015. If they do, the stock market and the economy