Richard Duncan

The breakdown of Bretton Woods System in 1971 brought about a monetary revolution that changed the way the global economy works. Money ceased to be backed by gold, trade between nations no longer had to balance, large capital flows between nations emerged, and central banks began creating money on a very large scale. These changes ushered in a new era of Globalization and pulled hundreds of millions of people out of poverty. The economic textbooks have still not caught up. In this presentation, Richard Duncan will explain how to understand economics and the financial markets in the post-Bretton Woods world. Topics will include: • The evolution of the global economy as Bretton Woods gave way to The Dollar Standard • The new drivers and constraints on global economic growth in the 21st Century • The challenges and opportunities this new paradigm presents • How to anticipate movements in currencies, commodities, interest rates and asset prices in this new regime.

The Fed intends to reverse Quantitative Easing beginning later this year. That is a very bad idea that could inflict severe damage on the economy and destroy your wealth. If the Fed now carries through with its plans to unwind QE, interest rates are likely to rise, the price of stocks and property is likely to fall and the government’s budget deficit will grow much larger. There is no good reason for the Fed to inflict such unnecessary damage on the economy or to increase the burden on American taxpayers. In this presentation, Richard Duncan will explain: • Why the Fed believes Quantitative Tightening is necessary • How QT will be implemented • When it is likely to begin • Its potential size • How Quantitative Tightening could impact the economy, the financial markets and your wealth • And why it is a very, very bad idea.

The world has never experienced an economic boom like the one that has transformed China over the last 25 years. The Great China Boom is now coming to an end, however. In this presentation, Richard Duncan will explain why. Topic to be addressed include: • How China was transformed by a development strategy based on export-led and investment-driven growth. • How $20 trillion of credit funded a 50-fold expansion of Chinese Investment between 1990 and today. • The wildly unbalance nature of China’s economy. • The fragility of China’s financial system. • The challenges and constraints that are now bringing China’s Great Economic Boom to an end. • The economic and political consequences of China’s Hard Landing for the rest of the world. • Chimerica - and the global repercussions should this US-Chinese economic relationship end in divorce.