List Of All Macro Watch Videos – By Quarter

Macro Watch: Fourth Quarter 2024

• 1. The Existential Threat of a Debt Deflation Depression
• 2. Economic Imbalances: A Warning for Investors
• 3. Why Bond Yields Are Rising
• 4. Learn How The Fed Creates Money from The Fed’s H.4.1 Report

Macro Watch: Third Quarter 2024

• 1. Money Creation Since 1914
• 2. Government Debt Since 1914
• 3. Credit Creation Drives The Economy Now
• 4. Balancing on the Edge: Critical Factors Impacting Markets in 2024
• 5. Why The Fed Will Cut Interest Rates Next Week
• 6. Do You Know How The Fed Cuts Interest Rates?

Macro Watch: Second Quarter 2024

• 1. Who Will Suffer Most When Chinese Growth Ends
• 2. Weak Credit Growth May Force The Fed To Cut Rates
• 3. Slowing Income Suggests Economic Weakness Ahead
• 4. Introducing Creditism 101
• 5. From Capitalism To Creditism
• 6. From Balanced Trade To Globalization
• 7. Wealth Bonanza: Risks and Opportunities

Macro Watch: First Quarter 2024

• 1. Microsoft’s AI Empire
• 2. Tesla: Real World AI
• 3. Large Budget Deficits Won’t Push Up Interest Rates
• 4. How Can The US Government Finance $22 Trillion Of New Debt?
• 5. China: Coming Off The Rails
• 6. Is China Turning Japanese?

Macro Watch: Fourth Quarter 2023

• 1. Meta: Bringing AI To The Masses
• 2. (Mis)Leading Economic Indicators
• 3. Amazon: King Of The Cloud
• 4. Bears Beware: Rate Cuts Ahead
• 5. Apple: On-Device AI
• 6. Recession In 2024?

Macro Watch: Third Quarter 2023

• 1. Liquidity’s Tightening. Watch Out!
• 2. Global Liquidity Is Tightening: Expect Trouble
• 3. Investors Should Beware Money Destruction
• 4. Nvidia
• 4.a Bard Explains Nvidia’s Processors: Bonus Video
• 5. Alphabet
• 6. Credit Trends Suggest A Recession Ahead

Macro Watch: Second Quarter 2023

• 1. Unchartered Territory
• 2. The Uncertain Outlook For Asset Prices
• 3. Debt Ceiling Austerity: A Recipe for Stagnation and National Shame
• 4. Lending Slowdown Suggests Rate Hike Pause
• 5. The Indispensable Dollar Standard Will Not Be Displaced
• 6. Higher For Longer Interest Rates May Rattle Markets

Macro Watch: First Quarter 2023

• 1. Bank Of Japan Doubles Bond Yield Cap
• 2. Do Fed, ECB and BOJ Assets Drive The S&P 500?
• 3. Inflation Is Down, But The Fed’s Not Finished
• 4. My Speech Before Members Of Congress
• 5. Higher Interest Rates Will Destroy Wealth
• 6. Systemic Banking Crisis: 2023
• 7. Banking Crisis, Recession May Drive Stocks Higher

Macro Watch: Fourth Quarter 2022

• 1. Creditism In Crisis?
• 2. China Downgraded
• 3. The Fed May Lose $50 Billion in 2023
• 4. More Wealth Destruction Ahead, Part One
• 5. More Wealth Destruction Ahead: Part Two

Macro Watch: Third Quarter 2022

• 1. Dollar Soars, Commodities Crash
• 2. Credit Creation, Rate Hikes and Recession Risks
• 3. The Chips and Science Act
• 4. 2008 vs. 2020: Crisis, Response, Recovery
• 5. 2008 vs. 2020 Part Two: Fiscal Stimulus
• 6. 2008 vs. 2020 Part Three: Monetary Stimulus
• 7. Watch Out: Something Is Going To Break!

Macro Watch: Second Quarter 2022

• 1. Stocks, Property and The Economy May Crash This Year
• 2. A Synopsis Of The Money Revolution
• 3. The End Of The Fed Put
• 4. Gold: If Not Now, When?
• 5. More Pain Ahead
• 6. Prepare For A Very Hard Landing

Macro Watch: First Quarter 2022

• 1. Still Standing
• 2. Aggressive Fed Tightening May Sink Markets
• 3. What The Fed Can’t Admit
• 4. Congress Passes Major R&D Investment Acts
• 5. Fear The Fed
• 6. Wealth and Debt in 2021

Macro Watch: Fourth Quarter 2021

• 1. Stormy Weather Ahead
• 2. Inflation Slowed Sharply in Q3
• 3. Lessons From China’s Last Economic Crisis
• 4. Creditism In China
• 5. Very Bad Things May Happen Due To The Fed’s Hawkish Pivot
• 6. Risks Are High And Rising

Macro Watch: Third Quarter 2021

• 1. Credit, Economic Growth and Inflation To Slow
• 2. Lessons From Comparing The Four Largest Central Banks
• 3. Liquidity Tsunami Update
• 4. The Fed Is More Profitable Than Apple
• 5. The Fed Has A Big Problem
• 6. Slowing Inflation Won’t Stop Fed Tapering
• 7. The Liquidity Tsunami Is About To End Abruptly

Macro Watch: Second Quarter 2021

• 1. Debt, Credit and Wealth Soared In 2020
• 2. How To Get The Most From Macro Watch
• 3. Speech: How Capitalism Died and Where That Leaves Us
• 4. Will The Liquidity Tsunami Continue To Drive Asset Prices Higher?
• 5. Will Gold Crash Again?
• 6. When The Fed Tapers QE, Will Asset Prices Crash?
• 7. The Fed Is Preventing Negative Interest Rates Using Reverse Repos
• 8. Peak Growth = Peak Inflation?

Macro Watch: First Quarter 2021

• 1. Credit: A Year Like No Other
• 2. Stimulus, Inflation, Stocks and Gold: What’s Ahead?
• 3. What’s Driving Tech Stocks?
• 4. Inflation Won’t Force The Fed To Tighten In 2021
• 5. Will Bond Yields Spike and Crush The Markets?
• 6. Liquidity Tsunami May Drive Asset Prices Much Higher
• 7. Surging Money Supply Growth Won’t Cause Inflation

Macro Watch: Fourth Quarter 2020

• 1. Dire Consequences Without New Stimulus
• 2. Bank Reserves Are Irrelevant. QE Works!
• 3. Stimulus and Your Wealth
• 4. The Euro vs. The Dollar
• 5. What The US Must Learn From Japan
• 6. Why China’s Winning
• 7. Big Stimulus Rally Ahead For Stocks and Gold?

Macro Watch: Third Quarter 2020

• 1. Will The Dollar Collapse?
• 2. Our Future Prosperity Depends On Government Debt
• 3. Melt Up?
• 4. The Biden Plan For R&D Investment
• 5. Trillions At Stake In Upcoming FOMC
• 6. The Velocity Of Money Is Irrelevant

Macro Watch: Second Quarter 2020

• 1. 28 Days (and $1.8 trillion) Later
• 2. US Banks On Life Support
• 3. When Creditism Met Covid-19
• 4. Gold Is Not A Sure Bet
• 1. Speech: How The Economy And The Financial Markets Work In The Post-Bretton Woods Era
• 5. Stocks: Boom or Bust?
• 6. Yield Curve Control

Macro Watch: First Quarter 2020

• 1. Corporate Sector Concerns
• 2. America’s National Emergency: Part One
• 3. America’s National Emergency: Part 2
• 4. America’s National Emergency Part 3
• 5. Thoughts On The Coronavirus
• 6. Recession or Depression?
• 7. Life During Wartime
• 8. Life During Wartime Part Two

Macro Watch: Fourth Quarter 2019

• 1. QE 4 Has Begun
• 2. The Repo Crisis and The Fed
• 3. The Repo Crisis and The Fed: Part 2
• 4. The Repo Crisis and The Fed: Part 3
• 5. The Repo Crisis and The Fed: Part Four
• 6. Household Wealth and Fed Policy

Macro Watch: Third Quarter 2019

• 1. America Can Invest or Surrender To China
• 2. Ray Dalio vs. John Mauldin: The Great Debate
• 3. How The US Can Win The Currency War
• 4. Ray Dalio vs. John Mauldin: The Great Debate Part 2
• 5. Dalio vs. Mauldin: The Great Debate Part 3
• 6. Expect More Rate Cuts

Macro Watch: Second Quarter 2019

• 5. Yield Crash
• 6. The Fed Is A Hostage Of The S&P 500
• 4. What Are Bank Reserves
• 3. Seigniorage
• 2. Looser Monetary Policy Will Be Required
• 1. Who Funded The Debt in 2018?

Macro Watch: First Quarter 2019

• 6. Credit Growth, Asset Prices and The Fed
• 5. Alphabet’s Other Bets
• 4. The Tech Giants: Part Two
• 3. The Tech Giants: Part One
• 2. The Fed’s Historic Policy Shift
• 1. R&D: The Future Depends On It

Macro Watch: Fourth Quarter 2018

• 6. The Yield Curve Is Sending You A Warning
• 5. Who Will Be Hurt By The US-China Trade War?
• 4. Investing In America
• 3. The Capital Structure Of The United States
• 2. A Concise History Of Creditism
• 1. Credit Update: Government Debt Spikes

Macro Watch: Third Quarter 2018

• 6. All The Money In The World
• 5. Chinese Monetary Policy Part 2: Crisis Management
• 4. Chinese Monetary Policy Part 1: Transforming The World
• 3. US-China Trade War: If China Fights Back
• 2. US-China Trade War: If China Capitulates
• 1. US-China Trade War: On The Brink

Macro Watch: Second Quarter 2018

• 6. QE In Europe Is Ending
• 5. The BOJ Goes Ballistic
• 4. The BOJ’s Radical Experiment
• 3. What You Need To Know About The US Government’s Budget Deficits & Debt
• 2. Who Will Buy The Debt?
• 1. Weak Credit Growth Leaves The Economy Vulnerable

Macro Watch: First Quarter 2018

• 6. Inflation Over The Last 100 Years
• 5. The Money Revolution
• 4. QT: The Pain Is Just Beginning
• 3. The Government-Induced Liquidity Crisis Could Crush The Markets
• 2. Rate Hikes, Quantitative Tightening and Their Consequences
• 1. The History Of US Monetary Policy

Macro Watch: Fourth Quarter 2017

• 7. Speech: Understanding Potential Threats To Trade and Economic Stability In Asia
• 6. Inflation Would Crush The Global Economy
• 5. The Stock Market: Worry Now, Sell Later?
• 4. The New Growth Driver
• 3. Japan’s Extraordinary Experiment
• 2. China’s Economy 2017
• 1. China’s Credit Tsunami May Capsize The World

Macro Watch: Third Quarter 2017

• 6. Speech For The CFA Institute Brazil
• 5. Frequently Asked Questions
• 4. The Four Great Threats
• 3. Who’s To Blame For The Global Economic Crisis?
• 2. Bubble or Recession: The Fed Must Choose
• 1. Global Liquidity Shock

Macro Watch: Second Quarter 2017

• 6. Monetary Revolution Part 2
• 5. Monetary Revolution
• 4. Quantitative Tightening
• 3. Can Global Economic Growth Continue?
• 2. Liquidity Gauge Update: Crowding Out
• 1. The Credit Structure Of The United States And Its Vulnerabilities

Macro Watch: First Quarter 2017

• 6. Creditism In Crisis
• 5. The Outlook For The Dollar
• 4. The Factors Driving And Constraining US Economic Growth
• 3. My Message To Some Of The World’s Largest Investment Managers
• 2. The Question I Asked Alan Greenspan Last Week
• 1. Trump’s Trade Policies: Good Intentions, Devastating Consequences

Macro Watch: Fourth Quarter 2016

• 6. A Recipe For Disaster
• 5. Voodoo Economics? Voodoo Two Won’t Do
• 4. President Trump, You Can Make America’s Economy Great Again. Here’s How
• 3. Derivatives Reform: Real or Razzmatazz, Part 2
• 2. Derivatives Reform: Real or Razzmatazz?
• 1. Credit Update: Weak and Vulnerable

Macro Watch: Third Quarter 2016

• 6. The Outlook For Interest Rates: Trumpthing Could Go Terribly Wrong
• 5. The Prospects For Asset Prices: 2017
• 4. Quantitative Easing Is Now Cancelling Half A Trillion Dollars of Government Debt Per Quarter
• 3. Libertarian Murray Rothbard Was Dangerously Wrong
• 2. The World Is $300 Trillion In Debt
• 1. Chimerica

Macro Watch: Second Quarter 2016

• 7. China’s Economic Crisis, Part 4: One World Is Not Enough
• 6. China’s Economic Crisis: Part 3
• 5. China’s Economic Crisis: Part 2
• 4. China’s Economic Crisis: Part 1
• 3. Credit Update: Our Economic And Political Problems Look Set To Multiply
• 2. ECB Policy: Everything You Need To Know (Part Two)
• 1. ECB Policy: Everything You Need To Know (Part One)

Macro Watch: First Quarter 2016

• 6. Are The Central Banks Out Of Ammunition?
• 5. Negative Interest Rates: How Did This Happen?
• 4. Death Spiral? Make That Plural
• 3. Liquidity Gauge Update
• 2. How My Career Shaped My Views On The Global Economy
• 1. Credit Growth: Below The Recession Threshold

Macro Watch: Fourth Quarter 2015

• 6. Rate Hike
• 5. American Meltdown: The Crisis Of 2008
• 4. Asia & The Slump In World Trade
• 3. China’s Next Move
• 2. The Dollar Standard: No Replacement In Sight
• 1. Weak Credit Growth Means Recession Ahead

Macro Watch: Third Quarter 2015

• 7. The Five Reasons The Fed Couldn’t (And Still Can’t) Hike Interest Rates
• 6. Standard Chartered’s Results Point To Rapid Global Economic Deterioration
• 5. The Prospects For Asset Prices: A Very Dangerous Moment
• 4. Monetary & Fiscal Austerity Explain The New Global Recession
• 3. Global Recession
• 2. Unsustainable Wealth
• 1. Who’s Going To Lend The Money To Drive Economic Growth?

Macro Watch: Second Quarter 2015

• 5. How The Government Came To Own 60% Of All US Home Mortgages
• 4. The Banks
• 3. Yellen’s (Triffin) Dilemma
• 2. Liquidity Gauge Update
• 1. Has The Next Recession Begun?

Macro Watch: First Quarter 2015

• 6. Negative Interest Rates
• 5. How The Fed Intends To Hike Interest Rates
• 4. QE Is Debt Cancellation
• 3. ECB QE
• 2. Credit Growth: Still Too Weak
• 1. Finance Capital

Macro Watch: Fourth Quarter 2014

• 7. How Capital Grows
• 6. Capital
• 5. Japan: Very Serious Challenges
• 4. FX Reserves, The Dollar Crisis & The Outlook For Global Liquidity
• 3. Analyzing The Five Largest Central Banks
• 2. The Outlook For Global Liquidity Points To Deflation Ahead
• 1. The Prospects For Asset Prices

Macro Watch: Third Quarter 2014

• 5. How Strong Is The US Economic Recovery?
• 0. Speech: How Capitalism Died & Where That Leaves Us
• 3. The Fed’s Balance Sheet
• 2. The Fed’s New Magic Trick
• 1. Credit: How Much Does It Take?
• 4. The Household Sector Balance Sheet Is Pointing To Trouble

Macro Watch: Second Quarter 2014

• 1. Introduction
• 1. Treacherous Markets Ahead
• 2. The Fed & Its Challenges
• 3. Austrian Economics: Right & Wrong
• 4. What Drives Currencies?
• 5. China’s Economic Crisis
• 6. Credit Growth Update
• 7. Economic Update

Macro Watch: First Quarter 2014

• 1. Introduction
• 2. Economic Overview
• 3. Credit
• 4. The Fed & Liquidity
• 5. Liquidity Conditions in 2014 and Prospects For Asset Prices
• 6. Global Deflation?

Macro Watch: Fourth Quarter 2013

• 1. Economic Overview
• 2. Credit
• 3. Liquidity Part One: Foreign Generated Liquidity
• 4. Liquidity Part Two: Quantitative Easing
• 5. Prospects For Asset Prices

Course 1: Capitalism In Crisis, The Global Economic Crisis Explained

• 1. Introduction
• 2. Restoring Stability After The Great Depression
• 3. 1960s America: Too Much, Too Soon
• 4. The End Of Sound Money
• 5. The Consequences Of Unbalanced Trade
• 6. Foreign Exchange Reserves
• 7. The Imbalance Of Payments & The US Economic Bubble
• 8. Flaws In The Dollar Standard
• 9. How Credit Slipped Its Leash
• 10. Creditopia
• 11. Financial Sector Deregulation
• 12. The Quantity Theory Of Credit
• 13. The Policy Response: Perpetuating The Boom
• 14. Inflation – Deflation
• 15. Concluding Remarks

Course 2: How The Economy Really Works

• 1. Introduction: What’s Changed?
• 2. Don’t Call It Capitalism
• 3. Who’s In Charge?
• 4. GDP 101
• 5. Fiscal Policy & Budget Deficits Part 1
• 6. Fiscal Policy & Budget Deficits Part 2
• 7. Interest Rates, Inflation and Globalization
• 8. Monetary Policy & Net Worth
• 9. Trade Deficits & Their Impact
• 10. Credit Growth Drives Economic Growth
• 11. Conclusion