Subject: America's National Emergency: Part 3
America's National Emergency: Part 3
February 21st, 2020 at 12:09 pm +07America's National Emergency: Part 3China surpassed the United States in R D investment last year. It will soon become much stronger than the US – technologically, economically and militarily – if the US doesn’t radically expand its investment ...
America's National Emergency: Part 2
February 7th, 2020 at 3:05 pm +07America's National Emergency: Part 2China overtook the United States in Research and Development (R D) investment last year. Moreover, its lead over the US will widen rapidly during the years immediately ahead if current trends continue. China’s l ...
America's National Emergency
January 24th, 2020 at 1:21 pm +07America's National EmergencyChina surpassed the United States in Research and Development (R D) investment last year. This constitutes a national emergency for the United States on par with, or greater than, the Soviet Union’s launch of Sputnik in ...
Corporate Sector Concerns
January 10th, 2020 at 2:18 pm +07Corporate Sector ConcernsThe new Macro Watch video examines the balance sheet and the earnings of the US Corporate Sector. They reveal a number of reasons to be concerned about the Sector’s health. Corporate debt to GDP is at a record high. The pr ...
Household Wealth and Fed Policy
December 26th, 2019 at 3:01 pm +07Household Wealth and Fed Policy Business Investment is weak in the United States despite the recent large corporate tax cuts. Household Consumption, however, is holding up. Relatively strong Consumption has enabled the economy to grow by an average o ...
Financial Sense Interview: Highly Recommended
December 17th, 2019 at 5:43 pm +07Financial Sense Interview Highly RecommendedI recently had a particularly interesting conversation with Cris Sheridan of Financial Sense Newshour. I highly recommend it. The topic? The most extraordinary Monetary Policy U-Turn in the Fed’s 105-y ...
The Repo Crisis and The Fed: Part 4
November 22nd, 2019 at 3:20 pm +07The Repo Crisisand The FedPart 4Quantitative Easing has resumed. On September 17th, overnight interest rates in the Repo Market shot up to 10%, four times higher than they should have been. Problems there infected the Federal Funds Market, causing ...
The Repo Crisis and The Fed: Part 3
November 20th, 2019 at 1:21 pm +07The Repo Crisisand The FedPart ThreeThe Fed is once again creating very large amounts of money and pumping it into the financial markets. So, it is not surprising that all the major US stock market indices have recently set new record highs. What we ...
The Repo Crisis and The Fed: Part 2
November 15th, 2019 at 2:00 pm +07The Repo Crisisand The Fed:Part TwoMonetary Policy is the government’s most important economic policy tool. If you really want to understand how the Fed conducts Monetary Policy, you must understand the Fed’s weekly report on the “Factors Affec ...
The Repo Crisis and The Fed
November 13th, 2019 at 4:27 pm +07The Repo Crisisand The FedOn September 16th, the interest rate in the overnight Repo Market shot up to nearly 10%. It should have been below 2.25%. There was no shortage of Reserves to lend. There were nearly $1.4 trillion of Reserve Balances that da ...