Looser Monetary Policy Will Be Required
Posted April 25, 2019
As recently as 1969, US savings were sufficient to fund all US debt. How things have changed. Last year, the US had only enough savings to finance
Tag Archives: Quantitative Tightening
Expect Fed Rate Cuts This Year
Posted April 11, 2019
Credit Growth drives Economic Growth. But the United States doesn’t save enough to finance all that it borrows. It hasn’t for a very long time. To finance
Credit Growth, Asset Prices and The Fed
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,