The Defense Spending Boom Has Begun
The defense spending boom has begun. This new Macro Watch video explains why US defense spending is likely to rise significantly in the years ahead — and why that could
Interview: Urgent Global Macro Developments
I recently spoke with Kirk Chisholm on the Money Tree Investing podcast about the most important macroeconomic and geopolitical developments now impacting the financial markets. We began by discussing the
Who Will Buy the US Government’s Next $25 T…
US Government Debt Held by the Public has now topped 100% of GDP. By 2036, it is projected to rise by another $25 trillion, reaching roughly $56 trillion, or 120%
Your Wealth Is Built On Government Debt
Something very unusual has happened to the US economy over the last two decades. The system that once drove economic growth no longer works the way it used to. And
Before the Shock: The US Economy on the Eve o…
Was the US economy strong… or dangerously fragile… just before the Iran War began? On the surface, everything looked solid. Growth was steady. Unemployment was low. Asset prices were near
From Capitalism to Creditism to Cognitism: Th…
This is the 15th and final video in the Macro Watch Creditism 101 series. How Constraints Shape Economic Systems I have long argued that economic systems are defined by the
Will Creditism Collapse?
Something fundamental is shifting beneath the global economy. For weeks in the Creditism 101 series, we’ve been working toward this moment. Why do economic systems collapse? What is the true
The Re-Engineering Of Creditism
The Re-Engineering of Creditism Has Begun For decades, policymakers responded to economic stress by doing one thing: stabilizing the existing economic system. When growth slowed, they eased monetary policy. When
The State Of Creditism in 2026
For decades, the global economy has operated under an economic system that I’ve described as Creditism — a system that stabilized Capitalism by expanding credit, suppressing volatility, and postponing crisis.
Why Economic Systems Collapse
Economic systems do not last forever. Over the course of human history, societies have repeatedly organized production, finance, and power in ways that worked—until they didn’t. When the constraints surrounding
