June 30, 2016
Chimerica In Crisis
This is one video you won’t want to miss. Chimerica is a term coined by the historian Niall Ferguson in 2006 to describe the economic
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June 13, 2016
China’s Economic Crisis, Part 4: One World Is Not Enough
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.
June 1, 2016
China’s Economic Crisis, Part 3: The Risks Of Chinese QE
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
May 27, 2016
From China’s Economic Crisis to America’s Political Crisis, The Financial Sense Podcast
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
May 15, 2016
China’s Economic Crisis: Part 2, The Colossal Boom (1990 – 2014)
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
May 6, 2016
Macro Voices Podcast: Highly Recommended
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
May 2, 2016
The China Crisis Series (Part One)
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
April 25, 2016
America’s Future: When’s The Day Of Reckoning?
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.
April 18, 2016
Our Economic and Political Problems Look Set To Multiply
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
April 8, 2016
Analyzing The Central Banks: Watch Free Video
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
April 1, 2016
ECB Policy: Everything You Need To Know
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
March 18, 2016
Europeans, Rejoice! The ECB Is Cancelling Your Debt! Watch Free Video
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
March 11, 2016
Are The Central Banks Out Of Ammunition?
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?
February 26, 2016
Negative Interest Rates: How Did This Happen?
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
February 13, 2016
Death Spiral? Make That Plural
Last week Citi made headlines by publishing a report claiming the global economy is trapped in a “Death Spiral”. The timing of the report was
February 3, 2016
Negative Liquidity Will Drive Stocks Lower
Liquidity in the United States turned negative in the fourth quarter of 2015. I believe this played an important role in the severe stock market
January 24, 2016
How My Career Shaped My Views On The Global Economy
In the new Macro Watch video uploaded today, I describe how my 30-year career in the investment industry has shaped my views on what drives
January 3, 2016
Weak Credit Growth Signals Recession Ahead
Between 1952 and 2008, every time US credit growth (adjusted for inflation) fell below 2%, the United States went into recession. During that period, the
December 19, 2015
Rate Hike: Trouble Ahead
On December 16th, the Fed hiked interest rates for the first time in nearly 10 years. The world did not come to an end, but
December 6, 2015
American Meltdown: The Crisis Of 2008
In 2008 the American Financial System failed. In this video, uploaded today, we take a look back at the systemic meltdown of the US financial
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