Gold Is Not A Sure Bet
Posted May 30, 2020
The new Macro Watch video discusses how and why the price of Gold has moved up and down since 1970; and it warns that an
Posted May 30, 2020
The new Macro Watch video discusses how and why the price of Gold has moved up and down since 1970; and it warns that an
Posted May 16, 2020
Our economic system, Creditism, was fragile and on government life support before the Coronavirus hit the United States. Now it is in intensive care. The new
Posted April 16, 2020
I had a really great conversation with my friend Andy Tanner for The Cashflow Academy recently. I highly recommend listening to this interview. It covers
Posted April 12, 2020
During the last four weeks, the Fed has prevented the complete collapse of the US economy by creating $1.8 trillion. It has used that new money
Posted March 27, 2020
The Senate passed a $2 trillion stimulus bill this week. That is not going to be enough. The new Macro Watch video, uploaded today, considers
Posted March 15, 2020
The United States economy will almost certainly fall into Recession this year because of the Coronavirus. The outcome, however, could be very much worse than that.
Posted March 7, 2020
On March 1st, Macro Watch uploaded a video entitled “Thoughts On The Coronavirus”. That video warned Macro Watch subscribers to be prepared for the Fed
Posted March 1, 2020
In the Macro Watch video uploaded today, I share my thoughts on the Coronavirus. How long it is likely to last. How it has impacted
Posted December 24, 2019
I recently had a particularly interesting conversation with Cris Sheridan of Financial Sense Newshour. I highly recommend it. The topic? The most extraordinary Monetary
Posted December 19, 2019
Business Investment is weak in the United States despite the recent large corporate tax cuts. Household Consumption, however, is holding up. Relatively strong Consumption has
Posted November 22, 2019
Quantitative Easing has resumed. On September 17th, overnight interest rates in the Repo Market shot up to 10%, four times higher than they should have
Posted November 15, 2019
Monetary Policy is the government’s most important economic policy tool. If you really want to understand how the Fed conducts Monetary Policy, you must understand the
Posted November 13, 2019
On September 16th, the interest rate in the overnight Repo Market shot up to nearly 10%. It should have been below 2.25%. There was no shortage
Posted October 12, 2019
A new round of Quantitative Easing began yesterday when the Fed announced that it would create $60 billion a month to buy US government securities.
Posted September 29, 2019
Credit Growth in the United States has been the most important driver of economic growth for decades, so it is important to monitor it closely. If
Posted September 19, 2019
I recently discussed the future of Monetary Policy with Hunter Thompson, the host of the Cash Flow Connections podcast. It was an interesting and timely conversation.
Posted June 24, 2019
The S&P 500 closed at a record high last week, while Gold hit a five-year high. Stocks and gold spiked because a very rapid slowdown in
Posted June 5, 2019
The collapse in Government Bond Yields during May was a clear signal that investors are afraid the stock market may be headed significantly lower. The
Posted May 23, 2019
When the crisis of 2008 began, the Reserves that commercial banks hold in their accounts at the Fed soared from $21 billion in 2007 to
Posted March 28, 2019
Between 1980 and 2008, Credit Growth drove Economic Growth. The ratio of Total Credit to GDP soared from 170% in 1980 to 370% in 2008. Since 2008,