Stormy Weather Ahead
Credit growth is slowing rapidly in the United States. That is alarming because in the Twenty-first Century, Credit Growth Drives Economy Growth. Total Credit Growth (adjusted for inflation) slowed from 9.3%
Interview: Economic Crises
I recently had a very interesting conversation with Kirk Chisholm for The Money Tree Investing Podcast. This interview provides a history of economic crises in the United States from 1914
The Liquidity Tsunami Is About To End Abruptl…
On March 6th this year, Macro Watch published a video called “Liquidity Tsunami May Drive Asset Prices Much Higher”. It argued that during the months ahead Bank Reserves would surge, and
Slowing Inflation Won’t Stop Fed Taperi…
Inflation in the United States slowed sharply during August. The Core Consumer Price Index (Core CPI) rose 0.1% month-on-month in August. That was down from 0.9% in April, 0.7% in May,
The Fed Has A Big Problem
On Friday, the jobs report showed that only 235,000 new jobs were created in the United States during August. That was well below expectations of 728,000 new jobs. Up until then, the Fed appeared inclined
Interview: Inflation or Deflation?
Cris Sheridan recently interviewed me for the Financial Sense Newshour. It was another good conversation. I hope you will listen to it now. We discussed: Fed tapering of Quantitative Easing is on
The Fed Is More Profitable Than Apple
The Fed is enormously profitable. In fact, if it were a corporation, the Fed would have been the most profitable corporation in the world last year. Luckily for American taxpayers, the Fed
Liquidity Tsunami Update
Bank Reserves topped $4 trillion for the first time last week. That is important because Bank Reserves are one measure of Liquidity in the Financial Markets. And Liquidity has become the most
The Investor’s Podcast Interview: 2021
The Implications of Peak Inflation I was recently interviewed by Trey Lockerbie for The Investor’s Podcast. This was an excellent conversation that covers not only the topics that investors are most
Lessons From Comparing The Four Largest Centr…
There is a great deal of concern in the United States regarding the large amount of money the Fed is creating through Quantitative Easing, currently $120 billion per month. Some fear