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
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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.
March 21, 2023
Interview: SVB, Technology and Politics
Last week, just before I left New York, I was interviewed by Andrew Keen for his Keen On podcast. Named as one of the “100 most connected
March 16, 2023
Systemic Banking Crisis: 2023
The failure of Silicon Valley Bank set off a systemic banking sector crisis in the United States late last week. It is not yet certain
March 10, 2023
Higher Interest Rates Will Destroy Wealth
Fed Chairman Jerome Powell’s remarks before the Senate on March 7th were very hawkish and suggest the Fed will raise the Federal Funds Rate significantly
March 10, 2023
Newsweek Published My Op-Ed. Read It Now!
Newsweek ran an op-ed piece I wrote this morning. Its title is, “Ronald Reagan Knew Government Spending Is Crucial to a Thriving Economy. The GOP
March 2, 2023
My Speech Before Members Of Congress
I made a speech before 15 members of the House Ways and Means Committee in Washington on Monday night. The title of the speech was “How
February 18, 2023
Interview: The Credit Bubble Popped
I was recently interviewed by Addison Wiggin for his podcast The Wiggin Sessions. Addison is a financial writer, publisher, filmmaker and the author or co-author
February 7, 2023
Great Twitter Spaces Conversation with Michael Green: Listen Now
Michael Green, chief strategist at Simplify Asset Management, conducts brilliant interviews on Twitter Spaces, on Simplify’s YouTube channel, and on Substack. If you don’t already follow
February 3, 2023
Inflation Is Down, But The Fed’s Not Finished
On February 1st, the Fed hiked the Federal Funds Rate by 25-basis points to a range between 4.5% and 4.75%. During the press conference following
January 31, 2023
Coming To America
I will be in the United States during March to promote my book, The Money Revolution: How To Finance The Next American Century. I need your
January 24, 2023
Do Fed, ECB & BOJ Assets Drive The S&P 500?
Changes in the Combined Total Assets of the Fed, ECB and BOJ appear correlated with movements in the S&P 500 Index. Of course, correlation does not prove causation. But
January 6, 2023
Bank Of Japan Doubles Bond Yield Cap
The Bank Of Japan surprised the markets on December 20th by doubling its cap on the yield on 10-year Japanese Government Bonds (JGBs) from 25-basis
December 22, 2022
Video Ready plus BOJ Primer
Earlier this week, I uploaded a presentation entitled “More Wealth Destruction Ahead: Part Two”. The video accompanying that presentation is now ready to watch. It explains
December 19, 2022
More Wealth Destruction Ahead: Part Two
The previous Macro Watch video showed that the Fed is tightening Monetary Policy much more aggressively in the current tightening cycle than during the previous
December 2, 2022
More Wealth Destruction Ahead, Part One
The Fed is tightening Monetary Policy much faster and more aggressively now than during the previous tightening cycle that ran from January 2014 to August
November 15, 2022
The Fed May Lose $50 Billion in 2023
Last year, if the Fed had been a corporation, it would have been the most profitable corporation in the world. It earned $108 billion. Apple earned
November 4, 2022
TIP Interview: “One Of My Favorites This Year”
“This is one of my favorite interviews of the year so far. Richard @PaperMoneyEcon brings the 🔥 fire,” tweeted Trey Lockerbie, regarding our recent conversation for The
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