The Prospects For Asset Prices: 2017
Posted September 9, 2016
The new Macro Watch video uploaded today considers the outlook for equities, bonds/interest rates, property prices, commodities and currencies. Topics include: Important lessons from the
Category Archives: Economics in the Age of Fiat Money
Last Year’s Very Dangerous Moment: Watch Free Video
Posted August 26, 2016
Last year at this time, the financial markets were gripped by panic following a surprise devaluation of the Chinese Yuan. At that time, I uploaded
QE Is Now Cancelling Half A Trillion Dollars Of Government Debt Per Quarter
Posted August 23, 2016
The Bank Of England rejoined the QE Club this month by launching its third round of Quantitative Easing. The UK central bank announced that it
The Evolution Of The International Monetary System, 1914 to 2016: Free Podcast
Posted August 13, 2016
If you have an hour to learn how the international monetary system has evolved over the last 100 years and how that evolution has shaped
Libertarian Murray Rothbard Was Dangerously Wrong
Posted August 6, 2016
In 1963, Murray Rothbard published a book called America’s Great Depression, in which he argued that President Herbert Hoover made the Great Depression worse by
Frank Answers To Tough Questions: Free McAlvany Podcast
Posted July 30, 2016
I strongly recommend that you listen to this free podcast. My friend David McAlvany interviewed me for the highly respected McAlvany Weekly Commentary a few
The World Is $300 Trillion In Debt
Posted July 17, 2016
Credit growth has been the driver of economic growth for decades. That was the theme of my third book, The New Depression, and the subject
China’s Economic Crisis, Part 4: One World Is Not Enough
Posted June 13, 2016
China’s economy is freakishly unbalanced. Investment (Gross Fixed Capital Formation) makes up 44% of China’s GDP, whereas Household Consumption makes up only 38% of GDP.
China’s Economic Crisis, Part 3: The Risks Of Chinese QE
Posted June 1, 2016
China’s economic growth engine is fuelled by extraordinarily large amounts of credit. In 2015, it took RMB 15.4 trillion (US$2.4 trillion) of credit growth to
From China’s Economic Crisis to America’s Political Crisis, The Financial Sense Podcast
Posted May 27, 2016
I recently had a great, wide-ranging conversation with Cris Sheridan of Financial Sense Newshour. We began with the economic crisis in China and moved on
China’s Economic Crisis: Part 2, The Colossal Boom (1990 – 2014)
Posted May 15, 2016
Chinese Investment increased 50-fold between 1990 and 2014. Investment (i.e. Gross Fixed Capital Formation or GFCF) in China grew from US$92 billion in 1990 to
Macro Voices Podcast: Highly Recommended
Posted May 6, 2016
I highly recommend you listen to this free MacroVoices podcast. It explains the real origins of our global economic crisis. It also describes how the
The China Crisis Series (Part One)
Posted May 2, 2016
China’s economy resembles a spinning top that is running out of momentum. It is wobbling and gyrating erratically. A stock market crash, diminishing returns on
America’s Future: When’s The Day Of Reckoning?
Posted April 25, 2016
This interview was conducted by Andrew Mazzone, President of the Henry George School of Social Science. Click on the link below to watch the video.
Our Economic and Political Problems Look Set To Multiply
Posted April 18, 2016
Seven years of weak credit growth in the US have brought the world to the brink of a deflationary global recession. As a result, political
Analyzing The Central Banks: Watch Free Video
Posted April 8, 2016
The Central Banks have become the most powerful players in the global economy in recent years. Consequently, since its launch in 2013, Macro Watch has
ECB Policy: Everything You Need To Know
Posted April 1, 2016
Do you want to understand what the European Central Bank is doing and why it is doing it? I have just uploaded two Macro Watch
Europeans, Rejoice! The ECB Is Cancelling Your Debt! Watch Free Video
Posted March 18, 2016
On March 10th, the European Central Bank (ECB) announced that it will expand its Quantitative Easing program by one-third, increasing it from €60 billion per
Are The Central Banks Out Of Ammunition?
Posted March 11, 2016
Yesterday, the European Central Bank expanded its QE program by one-third and cut bank deposit rates deeper into negative territory. How did the markets react?
Negative Interest Rates: How Did This Happen?
Posted February 26, 2016
Until recently, negative interest rates were considered inconceivable. Now, however, $7 trillion worth of bonds are trading at negative yields. That means the owners of