October 28, 2023
(Mis)Leading Economic Indicators Predicted A Recession That Didn’t Happen… Yet
For more than a year, most economists, me included, have expected the United States economy to fall into a Recession. But that hasn’t happened. In fact,
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October 20, 2023
Macro Watch: 10 Years Old Today
Since October 20th, 2013, in more than 100 hours of videos, Macro Watch has explained the evolution of our economic system and the new forces
October 14, 2023
Meta: Bringing AI To The Masses
The Artificial Intelligence Revolution is happening very quickly. Those who understand AI can take advantage of it. Those who don’t will be left behind. To help ensure
September 28, 2023
Credit Trends Suggest A Recession Ahead
This week, Macro Watch looks at trends in Credit Growth and Wealth Creation; and explains why those trends suggest the US economy will soon fall
September 22, 2023
An Intense Interview with Richard Duncan by Michael Gayed
Last week I did a live Twitter Spaces interview with Michael Gayed who provides great economic and financial markets commentary through his The Lead-Lag Report
September 14, 2023
Alphabet: The Magnificent Seven, Part Two
Mustafa Suleyman, co-founder of the Alphabet subsidiary DeepMind, recently told the Financial Times: “The “exponential trajectory” of AI meant that two years from now, the
September 1, 2023
Nvidia: The Magnificent Seven, Part One
The Artificial Intelligence Revolution has begun. Over the next decades, AI is likely to transform the economy just as railroads, electricity, automobiles and the internet
August 15, 2023
Investors Should Beware Money Destruction
This week Macro Watch examines the liabilities of five large central banks to explain how central banks create Money to pay for the assets they
August 7, 2023
Great New Books Network Podcast Interview
The New Books Network recently invited me to be a guest on their podcast to discuss my latest book, The Money Revolution. This turned into a
August 1, 2023
Global Liquidity Is Tightening: Expect Trouble
Global Liquidity is tightening. The new Macro Watch video demonstrates this by examining the balance sheets of the Federal Reserve, The European Central Bank, The
July 12, 2023
Liquidity’s Tightening. Watch Out!
One of the main themes of Macro Watch is that Liquidity Determines The Direction Of Asset Prices. This week Macro Watch shows that Liquidity is contracting
June 29, 2023
Higher For Longer Interest Rates May Rattle Markets
This week Macro Watch examines the most recent trends in Credit Growth. It focuses on two important developments revealed in The Financial Accounts Of The
June 14, 2023
The Indispensable Dollar Standard Will Not Be Displaced
We frequently hear that the US Dollar will soon lose its status as the world’s leading international reserve currency and that The Dollar Standard will
May 26, 2023
Lending Slowdown Suggests Rate Hike Pause
Fed Chairman Powell has said that the recent turmoil in the banking sector is likely to cause bank lending to slow; and that slower bank
May 16, 2023
Download My Speech To Members Of Congress
On February 27th, I delivered a speech titled “How to Finance the Next American Century” before 15 members of the House Ways and Means Committee in Washington.
May 10, 2023
BBC World Business Report Interview on the Debt Ceiling Crisis
Tonight, I discussed the US Debt Ceiling Crisis on the BBC’s World Business Report. I suggested that the Republicans in Congress are pursuing the wrong
May 9, 2023
Debt Ceiling Austerity: A Recipe for Stagnation and National Shame
Republicans in Congress are once again insisting on a return to Austerity in exchange for lifting the country’s debt ceiling. Austerity can only lead to
April 27, 2023
The Uncertain Outlook For Asset Prices
Home prices in the US are falling and it is very probable that they will continue to fall. The future direction of stock prices, however,
April 14, 2023
Unchartered Territory
Last year, Total Credit in the United States expanded by $5.1 trillion to $93.5 trillion. Total Credit first exceeded $1 trillion in 1964. Next year it will
March 27, 2023
Banking Crisis, Recession May Drive Stocks Higher
Since the previous Macro Watch video on March 15th, the Systemic Banking Crisis of 2023 has spread and forced an abrupt adjustment to Monetary Policy.
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