Balancing on the Edge: Critical Factors Impa…
The new Macro Watch video examines six critical factors that could have an outsized impact on the economy and the financial markets during the months ahead. They are: Inflated asset prices,
Credit Creation Drives The Economy Now
When the United States stopped backing Dollars with Gold in 1968, that change unleashed an explosion of Credit that fundamentally altered the nature of our economic system. In 1968, $1.4
Podcast: What Austrian Economists Are Afraid …
Austrian Economics teaches that credit leads to economic booms and that all economic booms bust. Prominent Austrian economists today warn that the United States has been experiencing a growing economic
Government Debt Since 1914
The United States stopped backing Dollars with Gold in 1968. That change enabled the US Government to borrow on a scale that was enormous compared with the amounts it had borrowed
Money Creation Since 1914
Congress ended the requirement that the Federal Reserve hold Gold to back the Money it created in 1968. Afterward, there were no longer any constraints on how much Money the Fed
Wealth Bonanza: Risks and Opportunities
There has been an extraordinary surge in Wealth in the United States since the end of 2019. Household Wealth soared by $44 trillion or by 38% between then and the
From Balanced Trade To Globalization
When Money ceased to be backed by Gold five decades ago, our economic system began to function very differently than it had up until then. Capitalism began to evolve into
From Capitalism To Creditism
Capitalism didn’t survive the 20th Century. When Money ceased to be backed by Gold five decades ago, many of the constraints that had regulated economic relations up until then were
Introducing Creditism 101
From today, Macro Watch will begin rolling out a long series of short videos that will explain everything necessary to understand how the economy works in the 21st Century, in
Slowing Income Suggests Economic Weakness Ahe…
A slowdown in the growth of Disposable Personal Income is pointing to economic weakness ahead. Disposable Personal Income growth is slowing and is likely to continue to slow. This is important