Will Bond Yields Spike and Crush The Markets?…
A rout in the bond market last week sent government bond yields sharply higher and the price of a broad range of speculative assets painfully lower. For instance, Tesla lost nearly
Inflation Won’t Force The Fed To Tighte…
Monetary Policy in the United States is extraordinarily loose. The Federal Funds Rate is very close to 0% and the Fed is creating $120 billion a month through Quantitative Easing. This extremely
What’s Driving Tech Stocks: Liquidity, …
Two years ago, Macro Watch made a three-part series on the six largest US Tech Giants, ranked by the size of their spending on Research and Development: Amazon, Alphabet, Intel, Microsoft,
Stimulus, Inflation, Stocks and Gold: What…
A $900 billion stimulus bill was passed by Congress in December. President-elect Biden has just proposed a new $1.9 trillion Covid relief package. Moreover, with the Democrats soon to be in charge
Credit: A Year Like No Other
The latest Macro Watch video looks at some of the extraordinary developments in US credit and wealth during the first three quarters of 2020. It also considers what these developments
Big Stimulus Rally Ahead for Stocks and Gold?…
An $892 billion stimulus bill was passed by Congress last night. It is likely to push the price of stocks, gold and other asset classes higher. The new Macro Watch video explains
Why China’s Winning
China’s economy is on track to overtake the United States economy as the largest in the world in less than eight years, if current trends continue. In 1990, the US economy
What The US Must Learn From Japan
The new Macro Watch video compares the Japanese economic policy response to Covid-19 with that of the United States – in terms of its impact on government debt, central bank balance
The Euro vs. The Dollar
Since the Covid-19 pandemic began, Macro Watch has focused primarily on the economic policy response to the crisis in the United States. The new Macro Watch video looks at how the
New Interview: Highly Recommended
I was recently interviewed by Jim Baer for his podcast The Puck: Venture Capital and Beyond. Jim, who works in the world of venture capital and technology, raised many important questions about