Interview: Yuan Devaluation Likely
An Interview published in Hankook Ilbo I have just returned from speaking at The Third China Forum in Seoul, an event hosted by the Korean conglomerate Hankook Ilbo. The theme
China’s Next Move: Further Devaluation?
The new Macro Watch video, uploaded today, addresses the following questions about China: Is China selling US government bonds? If so, what are the consequences? What is the significance of
The Dollar Standard: No Replacement In Sight
There now seems to be a great deal of concern that the Dollar is about to lose its status as the main international reserve currency. That is very unlikely to
Weak Credit Growth Means Recession Ahead
The first thing to understand about the global economy today is that CREDIT GRWOTH DRIVES ECONOMIC GROWTH. In the new Macro Watch video, uploaded today, we take a look at
The Five Reasons The Fed Couldn’t (And Stil…
There are five reasons the Fed couldn’t (and still can’t) hike interest rates. Here they are: The US Economy is too weak. Deflationary Pressures are increasing. The Global Economy is
New CNBC Squawk Box Interview
The two engines powering global economic growth, the United States and China, have broken down. As a result the global economy is losing altitude fast. This was the subject I
Liquidity & Asset Prices: Make Sure You …
Suddenly, the investment world has woken up to the importance of LIQUIDITY and its role in driving asset prices. Over the past week, Liquidity has been in the financial media
Rapid Global Economic Deterioration
In the latest Macro Watch video, we look at the interim results announcement of Standard Chartered PLC to see what they tell us about the health of the global economy.
With Panic Spreading…. Watch Free Video
Panic is spreading through the financial markets and the global economy is rapidly sliding back into severe recession. This worsening crisis won’t come as a surprise to Macro Watch members,
The Prospects For Asset Prices: A Very Danger…
Last week the global economic slump caught up with Wall Street. Global stocks joined global commodities in a broad-based selloff that took the Dow Jones Industrial Average – and many