The Prospects For Asset Prices: A Very Dangerous Moment
Posted August 23, 2015
Last week the global economic slump caught up with Wall Street. Global stocks joined global commodities in a broad-based selloff that took the Dow Jones
Category Archives: Economics in the Age of Fiat Money
A New Interview On The Collapsing Global Economy
Posted August 15, 2015
I recently spoke with Cris Sheridan, the Senior Editor of The Financial Sense Newshour. We discussed the reasons behind the global economy’s rapid slide back
Monetary & Fiscal Austerity Explain The New Global Recession
Posted August 12, 2015
In 2008, the global economic bubble came very close to collapsing into a new great depression. That didn’t happen because global policymakers responded to the
China’s Economic Crisis: Watch Free Video
Posted August 3, 2015
Sixteen months ago, I uploaded a Macro Watch video called “China’s Economic Crisis”. In 14 minutes and with 32 charts, it explained why China’s great
GLOBAL RECESSION: Sudden and Severe
Posted July 24, 2015
The global economy appears to be moving rapidly back into recession. Commodity prices have crashed to a 13-year low, world industrial production has begun to
Unsustainable Wealth
Posted July 10, 2015
US Household Sector Net Worth has risen by a mind-boggling $30 trillion since the first quarter of 2009. At $85 trillion, it is now 55%
Credit Growth Slows, Vulnerabilities Increase
Posted July 2, 2015
In the 21st Century, when there is no longer any difference between money and credit, Credit Growth drives Economic Growth. In the new Macro Watch
Did You Know The Government Owns 60% Of All US Home Mortgages?
Posted June 9, 2015
It’s true. The US mortgage market has effectively been nationalized. Here’s how it happened: The Government-Sponsored Enterprises, primarily Fannie Mae and Freddie Mac, issued $7
A Good Overview Of The Global Economic Crisis
Posted May 30, 2015
Please find here a link to a YouTube video showing a recent conversation I had with my friend Gordon T. Long of Macro Analytics. It
The Banks: How The Six Largest US Financial Holding Companies Make Money
Posted May 27, 2015
This week Macro Watch takes a close look at the six largest US Financial Holding Companies: JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman
Yellen’s Dilemma: Global Growth or US Growth
Posted May 8, 2015
The Fed faces a difficult choice. It must decide between boosting global economic growth or boosting US economic growth. If the Fed increases US interest
Liquidity Gauge Warning: After mid-year, Look Out!
Posted April 25, 2015
Liquidity determines which way asset prices move. When there is excess liquidity, the price of stocks, bonds and property tends to rise. When liquidity is
Watch Free Video: QE Is Debt Cancellation
Posted April 16, 2015
Yesterday, I send a blog with a link to a new CNBC interview and a second link to a free video explaining the details of
Don’t Miss This One! The Chris Martenson Interview
Posted April 6, 2015
This is one of the very best interviews I have ever participated in. Chris Martenson did a brilliant job, asking all the right questions. This
Negative Interest Rates: The Next Phase of the Global Economic Crisis
Posted March 20, 2015
More than $2 trillion worth of bonds are now trading at negative interest rates. That means the owners of that wealth are reconciled to making
I Strongly Recommend You Listen To This Interview
Posted March 8, 2015
The Financial Sense Newshour Interview Cris Sheridan was my host on The Financial Sense Newshour last week. We had a real go at solving the
How The Fed Intends To Hike Interest Rates
Posted March 3, 2015
The consensus view is that the Federal Reserve will begin increasing interest rates later this year. I believe the consensus view is wrong. The Fed
QE Is Debt Cancellation
Posted February 17, 2015
When a central bank prints money and buys a government bond, it is the same thing as cancelling that bond (so long as the central
Why ECB QE Will Drive European Stock Markets Higher
Posted February 4, 2015
The European Central Bank has announced a massive Quantitative Easing program that is very likely to push European stock prices significantly higher. The new Macro
If Interest Rates Rise, Wealth Will Fall
Posted January 3, 2015
There is a broad consensus among financial market participants that interest rates will rise in 2015. If they do, the stock market and the economy