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
Category Archives: Economics in the Age of Fiat Money
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
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
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: