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Unchartered Territory

Posted April 14, 2023

Last year, Total Credit in the United States expanded by $5.1 trillion to $93.5 trillion.  Total Credit first exceeded $1 trillion in 1964.  Next year it will top $100 trillion.  This explosion of

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Banking Crisis, Recession May Drive Stocks Hi…

Posted March 27, 2023

Since the previous Macro Watch video on March 15th, the Systemic Banking Crisis of 2023 has spread and forced an abrupt adjustment to Monetary Policy. The Fed signaled at its

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Interview: SVB, Technology and Politics

Posted March 21, 2023

Last week, just before I left New York, I was interviewed by Andrew Keen for his Keen On podcast.  Named as one of the “100 most connected men” by GQ magazine, Andrew

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Systemic Banking Crisis: 2023

Posted March 16, 2023

The failure of Silicon Valley Bank set off a systemic banking sector crisis in the United States late last week. It is not yet certain whether that crisis has been

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Higher Interest Rates Will Destroy Wealth

Posted March 10, 2023

Fed Chairman Jerome Powell’s remarks before the Senate on March 7th were very hawkish and suggest the Fed will raise the Federal Funds Rate significantly further. Moreover, the pace of

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Newsweek Published My Op-Ed. Read It Now!

Posted March 10, 2023

Newsweek ran an op-ed piece I wrote this morning. Its title is, “Ronald Reagan Knew Government Spending Is Crucial to a Thriving Economy. The GOP Should Take Note.” Click HERE to read

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My Speech Before Members Of Congress

Posted March 2, 2023

I made a speech before 15 members of the House Ways and Means Committee in Washington on Monday night.  The title of the speech was “How to Finance the Next American

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Interview: The Credit Bubble Popped

Posted February 18, 2023

I was recently interviewed by Addison Wiggin for his podcast The Wiggin Sessions. Addison is a financial writer, publisher, filmmaker and the author or co-author of a number of great

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Great Twitter Spaces Conversation with Michae…

Posted February 7, 2023

Michael Green, chief strategist at Simplify Asset Management, conducts brilliant interviews on Twitter Spaces, on Simplify’s YouTube channel, and on Substack.  If you don’t already follow him on Twitter, you should.  His

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Inflation Is Down, But The Fed’s Not Fi…

Posted February 3, 2023

On February 1st, the Fed hiked the Federal Funds Rate by 25-basis points to a range between 4.5% and 4.75%. During the press conference following the FOMC Meeting, Fed Chairman

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