Expect Fed Rate Cuts This Year
Credit Growth drives Economic Growth. But the United States doesn’t save enough to finance all that it borrows. It hasn’t for a very long time. To finance the credit growth that drives
Credit Growth, Asset Prices and The Fed
Between 1980 and 2008, Credit Growth drove Economic Growth. The ratio of Total Credit to GDP soared from 170% in 1980 to 370% in 2008. Since 2008, however, Credit Growth has been
Alphabet’s World Changing “Other …
In a recent video, we looked at Alphabet, the parent company of Google, along with the five other US tech giants. There we saw that Alphabet’s most famous products and
The Tech Giants: Part Two
This video is the second in a series looking at the largest US tech giants ranked by R&D Investment. Part One covered Amazon, Alphabet and Intel. Part Two covers Microsoft,
The Tech Giants: Part One
The new Macro Watch video is the first in a two-part series examining the six largest US tech giants, ranked according to the amount they invest in Research and Development
Announcing A Course On Global Monetary Policy…
Monetary Policy is now arguably the most powerful force driving the global economy and the world’s financial markets. Central banks prevented a new global Great Depression following the Crisis of
The Fed’s Historic Policy Shift
The Fed’s January 30th FOMC meeting produced one of the most consequential shifts in Monetary Policy that I can recall. Rate hikes were put on hold. Quantitative Tightening is to be ended
R&D: The Future Depends On It
Investment in Research and Development (R&D) today will be a decisive factor in determining which companies and which countries dominate the future. The new Macro Watch video provides an overview
Podcast: Our Once In History Opportunity
The global economy may well collapse into a new Great Depression. But if it does, it will be due to policy mistakes, not because of some preordained “laws” set down by
The Yield Curve Is Sending You A Warning
The inversion of the yield curve is considered to be one of the most accurate predictors of recessions. It has inverted before every US recession since World War II. It
