Macro Watch: Fourth Quarter 2013
5.0 (1 rating)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
17 students enrolled
Wishlisted Wishlist

Please confirm that you want to add Macro Watch: Fourth Quarter 2013 to your Wishlist.

Add to Wishlist

Macro Watch: Fourth Quarter 2013

Analyzing Trends In Credit, Liquidity And Asset Prices
5.0 (1 rating)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
17 students enrolled
Created by Richard Duncan
Last updated 9/2013
English
Price: $50
30-Day Money-Back Guarantee
Includes:
  • 1 hour on-demand video
  • 1 Supplemental Resource
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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.
View Curriculum
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.
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.
Students Who Viewed This Course Also Viewed
Curriculum For This Course
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.

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
About the Instructor
Richard Duncan
4.7 Average rating
169 Reviews
964 Students
4 Courses
Author, Economist, Consultant, Lecturer

Richard Duncan is the author of three books on the global economic crisis.  The Dollar Crisis: Causes, Consequences, Cures (2003) explained why a worldwide economic calamity was inevitable given the flaws in the post-Bretton Woods international monetary system.  It was an international bestseller.  The Corruption of Capitalism (2009) described the long series of US policy mistakes responsible for the crisis.  It also outlined the policies necessary to permanently resolve it.  His latest book, published in 2012, focuses specifically on the role that credit creation has played in this disaster.  It's entitled The New Depression: The Breakdown Of The Paper Money Economy.

Since beginning his career as an equities analyst in Hong Kong in 1986, Richard has served as global head of investment strategy at ABN AMRO Asset Management in London, worked as a financial sector specialist for the World Bank in Washington D.C., and headed equity research departments for James Capel Securities and Salomon Brothers in Bangkok.  He also worked as a consultant for the IMF in Thailand during the Asia Crisis.  He is now chief economist at Blackhorse Asset Management in Singapore.

Richard has appeared frequently on CNBC, CNN, BBC and Bloomberg Television, as well as on BBC World Service Radio.  He has published articles in The Financial Times, The Far East Economic Review, FinanceAsia and CFO Asia.  He is also a well-known speaker whose audiences have included The World Economic Forum's East Asia Economic Summit in Singapore, EuroFinance Conferences in Miami and Copenhagen, The Chief Financial Officers' Roundtable in Shanghai, and the World Knowledge Forum in Seoul.

Richard studied literature an economics at Vanderbilt University (1983) and international finance at Babson College (1986); and, between the two, spent a year traveling around the world as a backpacker.