Subject: BBC World Business Report Interview on the Debt Ceiling Crisis
BBC World Business Report Interview on the Debt Ceiling Crisis
May 11th, 2023 at 12:38 am +07BBC Interview: The Debt Ceiling CrisisTonight, I discussed the US Debt Ceiling Crisis on the BBC’s World Business Report. I suggested that the Republicans in Congress are pursuing the wrong policy and the wrong approach by refusing to lift the debt ...
Debt Ceiling Austerity: A Recipe for Stagnation and National Shame
May 9th, 2023 at 4:16 pm +07Debt Ceiling Austerity: A Recipe for Stagnation and National Shame Republicans in Congress are once again insisting on a return to Austerity in exchange for lifting the country’s debt ceiling. Austerity can only lead to economic stagnation and nati ...
The Uncertain Outlook For Asset Prices
April 27th, 2023 at 4:18 pm +07The Uncertain Outlook For Asset PricesHome prices in the US are falling and it is very probable that they will continue to fall. The future direction of stock prices, however, is much more difficult to predict with confidence due to an unusually lar ...
Unchartered Territory
April 14th, 2023 at 3:15 pm +07Unchartered Territory Last year, Total Credit in the United States expanded by $5.1 trillion to $93.5 trillion. Total Credit first exceeded $1 trillion in 1964. Next year it will top $100 trillion. This explosion of Credit has powered the economy and ...
Banking Crisis, Recession May Drive Stocks Higher
March 27th, 2023 at 3:58 pm +07Banking Crisis, Recession May Drive Stocks HigherSince the previous Macro Watch video on March 15th, the Systemic Banking Crisis of 2023 has spread and forced an abrupt adjustment to Monetary Policy. The Fed signaled at its press conference last week ...
Interview: SVB, Technology, Politics
March 21st, 2023 at 11:54 am +07Interview: SVB, Technology, PoliticsLast week, just before I left New York, I was interviewed by Andrew Keen for his Keen On podcast. Named as one of the “100 most connected men” by GQ magazine, Andrew is amongst the world’s best known broadcas ...
Systemic Banking Crisis: 2023
March 16th, 2023 at 1:17 am +07Systemic Banking Crisis: 2023The failure of Silicon Valley Bank set off a systemic banking sector crisis in the United States late last week. It is not yet certain whether that crisis has been contained or has only just begun. SVB’s sudden insolve ...
Higher Interest Rates Will Destroy Wealth
March 10th, 2023 at 2:44 am +07Higher Interest Rates Will Destroy WealthFed Chairman Jerome Powell’s remarks before the Senate on March 7th were very hawkish and suggest the Fed will raise the Federal Funds Rate significantly further. Moreover, the pace of rate hikes looks like ...
Newsweek Published My Op-Ed. Read It Now!
March 10th, 2023 at 1:36 am +07Newsweek Published My Op-Ed. Read It Now! Newsweek ran an op-ed piece I wrote this morning. Its title is, “Ronald Reagan Knew Government Spending Is Crucial to a Thriving Economy. The GOP Should Take Note.” Click HERE to read it now. To follow ...
My Speech Before Members Of Congress
March 2nd, 2023 at 2:11 am +07My Speech Before Members Of CongressI made a speech before 15 members of the House Ways and Means Committee in Washington on Monday night. The title of the speech was “How to Finance the Next American Century”. This was a dream come true for m ...