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More Wealth Destruction Ahead, Part One

Posted December 2, 2022

The Fed is tightening Monetary Policy much faster and more aggressively now than during the previous tightening cycle that ran from January 2014 to August 2019. While asset prices have

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The Fed May Lose $50 Billion in 2023

Posted November 15, 2022

Last year, if the Fed had been a corporation, it would have been the most profitable corporation in the world. It earned $108 billion.  Apple earned $100 billion. Apple paid $19

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TIP Interview: “One Of My Favorites Thi…

Posted November 4, 2022

“This is one of my favorite interviews of the year so far. Richard @PaperMoneyEcon brings the 🔥 fire,” tweeted Trey Lockerbie, regarding our recent conversation for The Investor’s Podcast. Given all the

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China Downgraded

Posted October 29, 2022

“China’s economy will not overtake the US until 2060, if ever” That was the title of an article written by Ruchir Sharma, the chair of Rockefeller International, and published in

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New Interview. Highly Recommended. Top Trader…

Posted October 22, 2022

Today I would like to share with you a very interesting discussion I had recently with Kevin Coldiron and Niels Kaastrup-Larsen for the Top Traders Unplugged podcast.  I strongly recommend

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Creditism In Crisis?

Posted October 16, 2022

Another set of very bad Inflation numbers was released on Thursday.  The headline CPI index was up 8.2% from one year ago, little changed from the month before.  Worse still, the Core

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Watch Out: Something Is Going To Break!

Posted September 28, 2022

Last week, the Fed shocked investors when it released new projections showing that it now expects to increase interest rates significantly more than it had planned to do just three

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2008 vs. 2020 Part Three: Monetary Stimulus

Posted September 21, 2022

The US Monetary Base surged nearly twice as much following the Crisis of 2008 as it did following the economic crisis caused by the Covid pandemic in 2020.  Yet Inflation has

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2008 vs. 2020 Part Two: Fiscal Policy

Posted September 7, 2022

The new Macro Watch video, the second in a series, compares the Fiscal Policy Response to the Crisis of 2008 with the Fiscal Policy Response to the Crisis of 2020.

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2008 vs. 2020: Crisis, Response, Recovery

Posted August 26, 2022

The new Macro Watch video compares the US government’s policy response to the two great economic calamities of our time: the Crisis of 2008 and the economic crisis that began with Covid in

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