The Uncertain Outlook For Asset Prices
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,
Tag Archives: Macroeconomics
Unchartered Territory
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
Banking Crisis, Recession May Drive Stocks Higher
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.
Systemic Banking Crisis: 2023
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
Higher Interest Rates Will Destroy Wealth
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
Newsweek Published My Op-Ed. Read It Now!
Posted March 10, 2023
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
My Speech Before Members Of Congress
Posted March 2, 2023
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
Interview: The Credit Bubble Popped
Posted February 18, 2023
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
Great Twitter Spaces Conversation with Michael Green: Listen Now
Posted February 7, 2023
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
Inflation Is Down, But The Fed’s Not Finished
Posted February 3, 2023
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
Coming To America
Posted January 31, 2023
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
Bank Of Japan Doubles Bond Yield Cap
Posted January 6, 2023
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
More Wealth Destruction Ahead, Part One
Posted December 2, 2022
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
The Fed May Lose $50 Billion in 2023
Posted November 15, 2022
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
China Downgraded
Posted October 29, 2022
“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
New Interview. Highly Recommended. Top Traders Unplugged.
Posted October 22, 2022
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
Watch Out: Something Is Going To Break!
Posted September 28, 2022
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
2008 vs. 2020 Part Three: Monetary Stimulus
Posted September 21, 2022
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
2008 vs. 2020 Part Two: Fiscal Policy
Posted September 7, 2022
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
2008 vs. 2020: Crisis, Response, Recovery
Posted August 26, 2022
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