May 9, 2019
Seigniorage: Simple, Short and $1.7 Trillion Sweet
The new Macro Watch video describes the enormous windfall profits the US Government and, therefore, US taxpayers earn as the result of Seigniorage every year.
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April 25, 2019
Looser Monetary Policy Will Be Required
As recently as 1969, US savings were sufficient to fund all US debt. How things have changed. Last year, the US had only enough savings to finance
April 11, 2019
Expect Fed Rate Cuts This Year
Credit Growth drives Economic Growth. But the United States doesn’t save enough to finance all that it borrows. It hasn’t for a very long time. To finance
March 28, 2019
Credit Growth, Asset Prices and The Fed
Between 1980 and 2008, Credit Growth drove Economic Growth. The ratio of Total Credit to GDP soared from 170% in 1980 to 370% in 2008. Since 2008,
March 14, 2019
Alphabet’s World Changing “Other Bets”
In a recent video, we looked at Alphabet, the parent company of Google, along with the five other US tech giants. There we saw that
February 28, 2019
The Tech Giants: Part Two
This video is the second in a series looking at the largest US tech giants ranked by R&D Investment. Part One covered Amazon, Alphabet and
February 19, 2019
The Tech Giants: Part One
The new Macro Watch video is the first in a two-part series examining the six largest US tech giants, ranked according to the amount they
February 12, 2019
Announcing A Course On Global Monetary Policy
Monetary Policy is now arguably the most powerful force driving the global economy and the world’s financial markets. Central banks prevented a new global Great
February 3, 2019
The Fed’s Historic Policy Shift
The Fed’s January 30th FOMC meeting produced one of the most consequential shifts in Monetary Policy that I can recall. Rate hikes were put on hold. Quantitative
January 15, 2019
R&D: The Future Depends On It
Investment in Research and Development (R&D) today will be a decisive factor in determining which companies and which countries dominate the future. The new Macro
January 3, 2019
Podcast: Our Once In History Opportunity
The global economy may well collapse into a new Great Depression. But if it does, it will be due to policy mistakes, not because of some
December 21, 2018
The Yield Curve Is Sending You A Warning
The inversion of the yield curve is considered to be one of the most accurate predictors of recessions. It has inverted before every US recession
December 13, 2018
Who Will Be Hurt By The US-China Trade War?
Tensions between the United States and China intensified last week when the CFO of one of China’s largest tech companies was arrested in Canada at
December 5, 2018
A Particularly Good Interview
I recently had a particularly interesting conversation with Hunter Thompson, the host of the Cash Flow Connections Podcast. I highly recommend it. Please find
November 29, 2018
Investing In America
One of the most important things to understand about economics is that CAPITAL GROWS. The Capital Stock of the United States increased 60-fold between 1952
November 7, 2018
The Capital Structure Of The United States
Capital, when combined with labor and natural resources, generates income. If that income is saved and invested, it generates more income. Therefore, it is important to
October 23, 2018
The Rich Dad Radio Show Interview With Robert Kiyosaki
I recently spoke with Robert Kiyosaki for the Rich Dad Radio Show about the danger that the US – China Trade War may soon become
October 18, 2018
A Concise History Of Creditism
2018 marks the Golden Anniversary of Paper Money. On March 19, 1968, President Johnson signed Public Law 90-269 which ended the requirement that the Federal
October 9, 2018
The Investors Podcast Interview On The US – China Trade War
I recently spoke with The Investors Podcast about the repercussions that the US – China Trade War could have on China, the United States and
October 4, 2018
Credit Update: Government Debt Spikes
Our economic system evolved from Capitalism into Creditism once money ceased to be backed by gold 50 years ago. Under Capitalism, economic growth was driven
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