How Capital Grows
Posted December 27, 2014
Over the past 250 years, the growth of Capital has completely transformed the world. The next time you fly, look out the window. Most of
Category Archives: Economics in the Age of Fiat Money
CAPITAL: A Crash Course
Posted December 6, 2014
It’s impossible to understand Capitalism without understanding Capital. In the new Macro Watch video, uploaded today, we look at Capital and the Capital Structure of
Japan’s Crisis & The BOJ’s Solution
Posted November 24, 2014
In the latest Macro Watch video (uploaded today) we look at Japan and the very serious challenges it faces. These include a demographic crisis, a
FX Reserve Accumulation Is Quantitative Easing
Posted November 10, 2014
The accumulation of Foreign Exchange Reserves has a profound impact on global asset prices – just as Quantitative Easing does. That makes Foreign Exchange Reserves
Analyzing The Five Largest Central Banks
Posted October 28, 2014
The latest Macro Watch video (uploaded today) analyzes the strategies and compares the balance sheets of the world’s five largest central banks: The People’s Bank
Slowing Global Liquidity Points To Deflation Ahead
Posted October 12, 2014
The Fed is about to end its third round of Quantitative Easing, but the Bank of Japan is printing Yen faster than ever before and
The Prospects For Asset Prices
Posted October 2, 2014
Prepare for a stock market sell-off. A new Macro Watch video has been uploaded. In it, I discuss the outlook for stocks, bonds/interest rates, property,
Why The Fed Will Launch Another Round Of Quantitative Easing
Posted September 26, 2014
In November 2002, Fed Governor Ben Bernanke introduced the concept of Quantitative Easing to the world. In a speech entitled “Deflation: Making Sure It Doesn’t
The Household Sector Balance Sheet Is Pointing To Trouble
Posted August 6, 2014
A new Macro Watch video has been uploaded and is now ready to watch. In this video, we look at the Household Sector’s Balance Sheet
WATCH RICHARD DUNCAN’S SPEECH: How Capitalism Died & Where That Leaves Us
Posted July 27, 2014
Capitalism died during the two World Wars. In this speech, I discuss the transformation of our economic system from Capitalism to Creditism during the Twentieth
Dissecting The Fed’s Balance Sheet
Posted July 21, 2014
The third video for Macro Watch Third Quarter 2014 has been uploaded and is now ready to watch. In this video, we dissect the Fed’s
The Fed’s New Magic Trick
Posted July 7, 2014
The Fed has pulled a new rabbit out of its hat: Reverse Repos. By using reverse repos, the Fed has found a way to deal
Credit: How Much Does It Take?
Posted July 2, 2014
I’ve begun to roll out Macro Watch: Third Quarter 2014. The first video, Credit: How Much Does It Take?, has been uploaded and is ready
My Best Interview
Posted April 25, 2014
For anyone who is interested in understanding my views on the global economic crisis, this is the video I would recommend watching, if I could
Watch Q2 Macro Watch Preview: Treacherous Markets Ahead!
Posted April 12, 2014
To watch a 6-minute overview of Macro Watch: Second Quarter 2014, click on the link at the bottom of this blog. But first, an announcement:
Macro Watch Q2 2014 Is Ready To Watch
Posted March 29, 2014
Macro Watch: Second Quarter 2014 has been uploaded and is now ready to watch. This quarter, there are seven videos, beginning with one warning investors
The Liquidity Gauge
Posted March 21, 2014
Central bank forward guidance and communication are all fine and good, but it is liquidity that moves the markets. When liquidity is plentiful asset prices
CNBC Asia Squawk Box Interview
Posted March 3, 2014
This morning I spoke with Martin Soong on CNBC Asia Squawk Box. We discussed the fundamental weakness of the US economy, the approaching shift in
The CNBC India Interview: Why QE Won’t End in 2014
Posted January 24, 2014
I was in Mumbai to speak at the CFA Institute’s India Investment Conference last week. While there, I was interviewed by CNBC India. I explained
Watch MACRO WATCH on YouTube
Posted January 9, 2014
Macro Watch First Quarter 2014 is now uploaded and ready to watch. It explains how the Fed’s new “Taper Schedule” is likely to impact Liquidity