Macro Watch: Fourth Quarter 2013

Description

MACRO WATCH

The nature of our economic system changed in 1968 when the United States stopped backing dollars with gold.

In this new age of fiat money, credit growth drives economic growth, liquidity determines the direction of asset prices and the government controls both through aggressive policy intervention.

Macro Watch analyzes trends in credit growth, liquidity and government policy with the goal of anticipating economic developments and their impact on the financial markets.

Richard Duncan, the course instructor, intends to publish four issues of Macro Watch a year. Each issue will contain original analysis pertaining to economic and financial developments as they unfold. Each issue will be sold separately.

Macro Watch Fourth Quarter 2013 is this first in this series. It is comprised of five lectures and is over one hour in length.

Lecture One considers the sources of the fundamental weakness in the US economy that have made Quantitative Easing necessary.

Lecture Two explains why credit growth is likely to remain too weak to drive economic growth over the next few years.

Lecture Three introduces the concept of Liquidity and looks at the impact that foreign-generated liquidity has on asset prices in the United States.

Lecture Four addresses Quantitative Easing, the second major source of Liquidity, and uses scenario analysis to estimate how much QE will be required in 2014 and 2015 to make the economy grow.

Lecture Five discusses the prospects for asset prices in light of the analysis presented in the preceding lectures.

Who is the target audience?

• This course is intended for anyone who wants to understand developments in the economy and financial markets as they unfold.

Requirements

• It is recommended (although not absolutely necessary) that students watch Richard Duncan's two earlier courses: 1) Capitalism In Crisis: The Global Economic Crisis Explained, and 2) How The Economy Really Works.

What Will I Learn?

• In this course, you will learn why the economy is fundamentally weak and how the government is attempting to manage the economy through credit growth and liquidity creation.
• You will also gain insights on how government policy may impact the financial markets during the months and years ahead.

Curriculum For This Course Expand All Collapse All 6 Lectures 01:09:17 + – Economic Overview 1 Lecture 13:02

This lecture considers the sources of the fundamental weakness in the US economy that have made Quantitative Easing necessary.

Economic Overview Preview 13:02 + – Credit 1 Lecture 17:55

Over the next three years, credit growth is likely to remain too weak to drive economic growth. This lecture explains why.

The Outlook For Credit Growth 17:55 + – Liquidity 2 Lectures 29:29

This lecture introduces the concept of Liquidity and looks at the impact that foreign-generated liquidity has on asset prices in the United States.

Foreign Generated Liquidity 11:48

The second major source of Liquidity, Quantitative Easing, is discussed here. Scenario analysis is used to estimate how much QE will be required in 2014 and 2015 to make the economy grow.

Domestically Generated Liquidity: Quantitative Easing 17:41 + – Conclusions 2 Lectures 07:51

This lecture discusses the prospects for asset prices in light of the analysis presented in the preceding lectures.

Note: Please read the attached Disclaimer.

Prospects For Asset Prices 07:51 Concluding Remarks and Contact Details 1 page