Bears Beware: Rate Cuts Ahead
Posted November 27, 2023
The stock market and the bond market have both rallied sharply this month on the belief that interest rates have peaked and that the Fed
Posted November 27, 2023
The stock market and the bond market have both rallied sharply this month on the belief that interest rates have peaked and that the Fed
Posted October 28, 2023
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,
Posted October 20, 2023
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
Posted September 28, 2023
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
Posted September 22, 2023
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
Posted September 14, 2023
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
Posted August 15, 2023
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
Posted August 7, 2023
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
Posted August 1, 2023
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
Posted July 12, 2023
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
Posted June 29, 2023
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
Posted June 14, 2023
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
Posted May 26, 2023
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
Posted May 16, 2023
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.
Posted May 9, 2023
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
Posted April 27, 2023
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,
Posted April 14, 2023
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
Posted March 27, 2023
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.
Posted March 16, 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
Posted March 10, 2023
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