Macroeconomic Analysis & Investment Commentary
Trusted Expert Tim Hayes' investment and financial advice.
A website visitor
"Mr. Hayes is truly an amazing, kind, knowledgeable and compassionate gentleman… he immediately answered my question with thoughtful, expert advice."
Jeremy Grantham Might Be Right: Why You Don’t Score Market Cycles in the Fifth Inning
Market Perspective · June 29, 2026 Jeremy Grantham Might Be Right: Why You Don’t Score Market Cycles in the Fifth Inning On the most expensive …
Total US Debt and Stock Market Valuations: Comparing 1999, 2007, and Today
Total US Debt and Stock Market Valuations: Comparing 1999, 2007, and Today How valuations and debt stack up at three critical moments: the dot-com peak, ...
Read More →
The DOGE Program and the US Economy: Spending Cuts, GDP, and the Federal Deficit
By Tim Hayes, Financial Advisor for the Public and Not-for-Profit Sector President Trump and billionaire Elon Musk aim to significantly reduce government spending through the ...
Read More →
Why Bank Deposits Can’t Leave the Banking System: A Guide to Bank Reserves, QT, and Loan Paybacks
By Tim Hayes, Financial Advisor for the Public and Not-for-Profit Sector Learn about bank deposits and how they may go down due to loan repayment, ...
Read More →
Is Inflation Transitory or Here to Stay? Quantitative Easing, Spending, and Money Creation
By Tim Hayes, Financial Advisor for the Public and Not-for-Profit Sector One of 2021’s biggest financial stories is the comeback of inflation. It may be ...
Read More →
Unveiling the Truth Behind Money Creation: How Commercial Banks Create Money Out of Thin Air
By Tim Hayes, Financial Advisor for the Public and Not-for-Profit Sector Get ready for a summer debate between Ayn Rand fans and Paul Krugman followers ...
Read More →