Blog

October 16, 2020

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 does nothing to help the economy. That idea is incorrect. The money the Fed creates is injected into the economy and stimulates economic growth.  The latest Macro Watch video clearly demonstrates…
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October 3, 2020

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 bankrupt the US financial sector and destroy millions of additional jobs. The latest Macro Watch video shows how government fiscal support held the economy together during the first half of…
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September 26, 2020

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 a more urgent matter, recent developments in the financial market.  It is clear that the recent selloff in the stock market and in the price of gold have resulted from the…
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September 11, 2020

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 that make this FOMC meeting so much more important than most, including: The recent revisions to the Fed’s Strategy Statement Very high stock market valuations The failure of Congress to…
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September 6, 2020

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 investors and the general public today: What are the factors that will determine whether stocks continue to soar or crash? What are the implications for the economy and the financial…
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August 26, 2020

Interview: Did Greenspan Lie To Me?

In January 2017, Bill Bonner, founder of Agora Financial, organized a roundtable discussion with Alan Greenspan in the hot seat.  I was one of a dozen participants invited to ask Chairman Greenspan a question at this Agora Research event.  Vern Gowdie was another. I was recently interviewed by Vern for his Gowdie Advisory Podcast.  (Find the link to…
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August 22, 2020

The Biden Plan For R&D

Joe Biden has announced a plan for the government to invest $300 billion in Research and Development over the next four years if he becomes president. The concept is right.  The scale is wrong. The US government will have to invest far more than $300 billion if it is going to retain its global preeminence and ensure…
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August 15, 2020

McAlvany Interview: Very Highly Recommended!

David McAlvany knows how to conduct a great interview.  His McAlvany Weekly Commentary podcast is one of the most respected in the industry.  I’ve spoken with David practically every year since The Dollar Crisis was published in 2003. He asks hard-hitting, but fair, questions that cut to the heart of the subject being discussed. I strongly recommend you…
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August 9, 2020

Melt Up? What If The Fed Creates $2 Trillion More By Year End

The Fed is likely to create significantly more money during the rest of this year than it has led the market to expect.  If it does, that could drive asset prices considerably higher.  The new Macro Watch video explains why a new surge in money creation by the Fed should be expected and what that could…
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July 27, 2020

Future Prosperity Depends On Government Debt

The most important thing to know about macroeconomics in the 21st Century is that Credit Growth Drives Economic Growth. In the United States, when Total Credit grows by less than 2% (adjusted for inflation), the country goes into recession.  That happened nine times between 1952 and 2009.  Therefore, it is very important to monitor and forecast Credit…
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July 24, 2020

Interview: Covid vs. Creditism

I was recently interviewed by Robert Helms and Russell Gray for The Real Estate Guys Podcast.  Please find the link to the interview below. Topics include: The outlook for the US economy, financial markets and interest rates in light of the Coronavirus. The effectiveness of the economic policy response to this crisis thus far. Why the…
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July 11, 2020

Will The Dollar Collapse?

A few years ago, Macro Watch published a video called The Dollar Standard: No Replacement In Sight.  It explains how the Dollar became the principal international reserve currency and discusses why the Dollar Standard is not going to end any time soon.  Here is the direct link to that video.  No password or Macro Watch subscription is required.  Just click…
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July 2, 2020

Interview: Surviving The Covid Crisis

I had a really good conversation with Patrick Donohoe for the Wealth Standard podcast recently.  I enjoyed this interview.  Its length made it possible to go into detail on many important topics.  I hope you will listen to it now. Topics include: Why it is important for investors to understand the tools the government uses to manage the…
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June 27, 2020

Yield Curve Control Coming Soon

The Fed is likely to adopt Yield Curve Control as its primary policy tool to manage the level of interest rates in the United States.  The latest Macro Watch video explains what Yield Curve Control is and how it differs from Quantitative Easing. It also discusses the impact that Yield Curve Control could have on the…
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June 17, 2020

Interview: “Will There Be A New Depression?” with Robert Kiyosaki

Listen as host Robert Kiyosaki and guest Richard Duncan, author of the international bestseller, “The Dollar Crisis: Causes, Consequences, Cures,” discuss how the current financial crisis started long before the coronavirus spread throughout the world and what you can do about it. The Government is managing the economy through government debt and the Fed printing money….
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June 13, 2020

Stocks: Boom or Bust?

It is difficult to imagine a worse economic environment.    The US economy is expected to contract by between one third and one half during the second quarter.  For the full year, the Fed expects the economy to shrink by 6.5%.  The unemployment rate is 13.3%.  Corporate earnings are expected to be abysmal.   And yet, up until a few…
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June 6, 2020

Watch This Speech: How The Economy And Financial Markets Really Work Today

If you want to understand how the economy really works today and the forces driving the financial markets in the 21stCentury, watch this presentation I made for the CFA Society in Brazil.   New and potential Macro Watch subscribers will find it to be a very useful introduction to my work. The speech is more than…
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May 30, 2020

Gold Is Not A Sure Bet

The new Macro Watch video discusses how and why the price of Gold has moved up and down since 1970; and it warns that an investment in Gold is not a sure bet. Gold is a hedge against inflation.  The price of Gold goes up when people fear there will be significantly higher rates of inflation.  But,…
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May 16, 2020

When Creditism Met Covid-19

Our economic system, Creditism, was fragile and on government life support before the Coronavirus hit the United States.  Now it is in intensive care. The new Macro Watch video describes the government policies that kept Creditism from collapse between the Crisis of 2008 and the end of 2019. It then looks ahead to consider what it…
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May 3, 2020

Interview: Lessons From The Covid-19 Crisis

I have done a lot of podcast interviews recently discussing the dire economic consequences brought about by the Coronavirus and what must be done to mitigate them.   I believe this is one of the very best.   I cannot recall another interview that captures my economic philosophy better than this one does in such a short space…
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