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
Stimulus and Your Wealth
Household Wealth plunged by a record-breaking $7.2 trillion during the first quarter of 2020. It then recovered all of that and more, $7.6 trillion, during the second quarter. Covid and the lockdowns
Understand Money
Monetary Policy is the US government’s most powerful economic policy tool. The Fed is currently creating $120 billion a month and pumping it into the financial markets. That explains why
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
