Speech: Understanding Potential Threats To Tr…
In September, I spoke at the Global Trade Review Conference in Singapore. My topic was Understanding Potential Threats To Trade and Economic Stability In Asia. Macro Watch subscribers can log
Inflation Would Crush The Global Economy
The new Macro Watch video looks at the Credit to GDP ratio for each of the world’s twenty largest economies. We find that credit has been growing faster than the
The Stock Market: Worry Now, Sell Later?
The S&P 500 Index is now 66% above its 2007 pre-crisis peak and 250% above the low it reached in 2009. The market’s cyclically adjusted price-to-earnings ratio is 31 times.
When Stocks Fall, Expect A Recession
As a rule, Credit Growth drives Economic Growth. But that is not the case now. Credit growth is very weak, but the economy grew by 3% during each of the
Japan’s Extraordinary Experiment
The Bank of Japan is creating money and buying up Japanese Government Debt on an unprecedented scale. Thus far, the BOJ has bought up 40% of all Japanese Government Debt
China vs. The US: Whose Century Will It Be?
Last year, Macro Watch published a five-video series on China’s economy. It explained that China’s export-led, investment-driven and debt-fueled economic growth model is in crisis because global income is insufficient
China’s Credit Tsunami May Capsize The …
The IMF expects China’s Total Debt to double from US$27 trillion in 2016 to US$54 trillion in 2022. That would be a five-fold increase in total debt just since 2009.
Watch Richard Duncan’s Speech For The CFA I…
Last month I had the great good fortune to go on a speaking tour around South America at the invitation of the CFA Institute. I spoke before the CFA Societies
Frequently Asked Questions About The Global E…
The new Macro Watch video addresses the following questions: 1. Is a new Great Depression inevitable? 2. Should we return to a Gold Standard? 3. Wouldn’t it be best
Investors Should Be Terrified Of Quantitative…
The Fed is expected to announce the launch of Quantitative Tightening (QT) on September 20th. Quantitative Tightening will be a radical reversal of monetary policy. Once it is underway, QT
