Category Archives: The Future: Averting Disaster

November 8, 2013

The Macro Analytics Interview on YouTube

I had an interesting conversation with Gordon T. Long of Macro Analytics recently. We discussed our economic future and what investors must monitor in this new age of fiat money. I introduce “The Liquidity Gauge” here for the first time. Gord did a great job of weaving charts into the interview and posting it on…
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August 1, 2012

The Financial Times Book Review Of The New Depression

The New Depression was reviewed by Samuel Brittan in The Financial Times on July 30th. Please find the link below: https://www.ft.com/intl/cms/s/2/a941cd5e-d5a8-11e1-af40-00144feabdc0.html#axzz22HeRw1R1

May 18, 2012

The Policy Options

From Chapter 9 of The New Depression: The Breakdown Of The Paper Money Economy – Capitalism was an economic system in which the private sector drove the economic process through saving, capital accumulation and investment. The government’s role was very limited. The United States has not had that kind of economic system for decades. Today,…
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March 9, 2012

Asia's Economic Outlook In Light Of The Global Economic Crisis

Below, please find a link to a speech I made before the CFA Institute in Hong Kong on March 7, 2012. I discuss the outlook for Asia in light of the deepening global economic crisis. Asia’s Era of Export-Led growth is over. A much more difficult environment lies ahead. [My talk begins in minute 9…
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December 22, 2010

THE FUTURE: AVERTING DISASTER

The future – the happiness and prosperity of mankind – will be determined by how global supply and global demand are brought back into balance. If the means are found to expand aggregate demand sufficiently and sustainably, then the global excess supply will be absorbed and the global economy will begin to grow again. If,…
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