Duncan headshotErik Townsend welcomes Richard Duncan to MacroVoices. Erik and Richard discuss:

  • The events in world world history which have led to increased government spending and record debt
  • The catalysts that made everything "pop" in 2008
  • How QE works, who benefits from it, and how likely it is to persist
  • The results of having a government directed economic system for over 76 years
  • Unique conditions which allowed extraordinary policy from the Fed, and how the US could capitalize on them
  • The looming threat of war increasing due to a "need" for increased government spending
  • The alternative forms of government spending we could see in lieu of war
  • The possibility, and likely futility of "helicopter money"
  • Why we won't see the end of the USD's role as world reserve currency anytime soon
  • And fistfuls of more good stuff...

 

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Richard Duncan is the author of three books on the global economic crisis. The Dollar Crisis: Causes, Consequences, Cures (John Wiley & Sons, 2003, updated 2005), predicted the current global economic disaster with extraordinary accuracy. It was an international bestseller. His second book was The Corruption of Capitalism: A strategy to rebalance the global economy and restore sustainable growth. It was published by CLSA Books in December 2009. His latest book is The New Depression: The Breakdown Of The Paper Money Economy (John Wiley & Sons, 2012).

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.

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