The Uncertain Outlook For Asset Prices
Home prices in the US are falling and it is very probable that they will continue to fall. The future direction of stock prices, however, is much more difficult to
Unchartered Territory
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
Banking Crisis, Recession May Drive Stocks Hi…
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
Interview: SVB, Technology and Politics
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
Systemic Banking Crisis: 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
Higher Interest Rates Will Destroy Wealth
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
Newsweek Published My Op-Ed. Read It Now!
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
My Speech Before Members Of Congress
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
Interview: The Credit Bubble Popped
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
Great Twitter Spaces Conversation with Michae…
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