The Bank Of Japan Goes Ballistic
Posted June 23, 2018
Ballistic is not a word normally associated with Monetary Policy. However, it is the ideal adjective to describe the conduct of Japanese Monetary Policy over
Posted June 23, 2018
Ballistic is not a word normally associated with Monetary Policy. However, it is the ideal adjective to describe the conduct of Japanese Monetary Policy over
Posted June 2, 2018
Monetary Policy in Japan is RADICALLY AGGRESSIVE. Over the last five year, Japan’s Monetary Base has expanded by three and a half times. The Bank
Posted May 17, 2018
The latest Macro Watch video provides a quick overview of everything you need to know about the US government’s budget and debt, including: The source
Posted May 3, 2018
Total debt in the United States increased by $2.6 trillion last year. This year it will increase by roughly $2.9 trillion. For every debtor, there is
Posted April 18, 2018
When credit growth is weak, the United States falls into recession. Between 1952 and 2008, there were only nine years when total credit (adjusted for inflation)
Posted March 14, 2018
In order to understand how the economy and the financial markets really work today, it is necessary to understand Money. Not many people do. In
Posted March 1, 2018
The Fed is running behind schedule. According to the Quantitative Tightening (QT) schedule it published last year, the Fed had intended to destroy $50 billion
Posted February 12, 2018
The combination of tax cuts and increased government spending – on top of Quantitative Tightening – is set to drain $3 trillion out of the
Posted January 31, 2018
The previous Macro Watch video explained the evolution of US Monetary Policy over the last century by analyzing changes in the composition of the Fed’s
Posted January 25, 2018
I recently spoke with Preston Psyh and Stig Brodersen for The Investors Podcast. The feedback from this interview has been fantastic. Preston and Stig ask excellent
Posted January 14, 2018
It is not possible to understand how the economy and the financial markets work in the 21st Century without understanding how the government conducts Monetary
Posted December 29, 2017
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.
Posted December 14, 2017
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
Posted November 30, 2017
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
Posted November 16, 2017
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
Posted November 2, 2017
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%
Posted October 19, 2017
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
Posted September 21, 2017
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
Posted September 1, 2017
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.
Posted August 28, 2017
The latest Macro Watch video describes the Four Great Threats facing the global economy: 1. The Crisis In Creditism 2. President Trump’s Economic Policies 3.