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
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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
October 29, 2022
China Downgraded
“China’s economy will not overtake the US until 2060, if ever” That was the title of an article written by Ruchir Sharma, the chair of
October 22, 2022
New Interview. Highly Recommended. Top Traders Unplugged.
Today I would like to share with you a very interesting discussion I had recently with Kevin Coldiron and Niels Kaastrup-Larsen for the Top Traders
October 16, 2022
Creditism In Crisis?
Another set of very bad Inflation numbers was released on Thursday. The headline CPI index was up 8.2% from one year ago, little changed from the
September 28, 2022
Watch Out: Something Is Going To Break!
Last week, the Fed shocked investors when it released new projections showing that it now expects to increase interest rates significantly more than it had
September 21, 2022
2008 vs. 2020 Part Three: Monetary Stimulus
The US Monetary Base surged nearly twice as much following the Crisis of 2008 as it did following the economic crisis caused by the Covid
September 7, 2022
2008 vs. 2020 Part Two: Fiscal Policy
The new Macro Watch video, the second in a series, compares the Fiscal Policy Response to the Crisis of 2008 with the Fiscal Policy Response
August 26, 2022
2008 vs. 2020: Crisis, Response, Recovery
The new Macro Watch video compares the US government’s policy response to the two great economic calamities of our time: the Crisis of 2008 and the economic crisis
August 9, 2022
The Chips and Science Act
Today, The Chips and Science Act, authorizing a $280 billion government-funded investment in new industries and technologies, was signed into law by President Biden. The
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