Economist and author of several books, Richard Duncan joins John O’Donnell and Merlin Rothfeld for a look at what he feels is the New Depression. A cycle of debt expansion that is leading to a nearly inevitable collapse, that not even a gold standard can safe. The trio discuss this and several other topics while Mr. Duncan offers a radical solution to it all. A solution that would put America back on top, and get us out from all this debt.
Editors’ Picks
EUR/USD steadies near 1.1650 ahead of US Nonfarm Payrolls
EUR/USD holds ground after five days of losses, trading around 1.1650 during the Asian hours on Friday. Traders remain cautious ahead of the US Nonfarm Payrolls report, which is expected to offer further insight into labor market conditions and the Federal Reserve’s policy outlook. December NFP is forecast to show job gains of 60,000, down from 64,000 in November.
GBP/USD: Further weakness could challenge 1.3400
GBP/USD remains under unabated selling pressure on Thursday, slipping to fresh three-day lows around 1.3415 in response to further improvement in the sentiment surrounding the Greenback ahead of Friday’s key NFP data.
USD/JPY rises back above 157.00 as USD finds fresh demand
USD/JPY is hovering near the top end of its weekly range, just above 157.00 early Friday. The pair cheers renewed US Dollar demand ahead of the US Nonfarm Payrolls data. Meanwhile, an unexpected rise in Japan's Household Spending keeps the door open for further BoJ policy tightening, supporting the Japanese Yen and keeping the pair's upside limited.
Editors’ Picks
AUD/USD eases below 0.6700 after mixed China's inflation data
AUD/USD is facing fresh selling pressure, easing below 0.6700 in the Asian session on Friday. after the release of mixed inflation figures from China. The focus now remains on the US NFP report, which will influence the Fed's rate-cut path and drive the US Dollar, eventually impactintg the major.
USD/JPY rises back above 157.00 as USD finds fresh demand
USD/JPY is hovering near the top end of its weekly range, just above 157.00 early Friday. The pair cheers renewed US Dollar demand ahead of the US Nonfarm Payrolls data. Meanwhile, an unexpected rise in Japan's Household Spending keeps the door open for further BoJ policy tightening, supporting the Japanese Yen and keeping the pair's upside limited.
Gold defends $4,450, looks to the crucial US NFP report
Gold struggles to capitalize on the previous day's goodish move up from the vicinity of the $4,400 mark and attracts some sellers while defending $4,450 in the Asian session on Friday. The critical US employment details will offer more cues about the Fed's rate-cut path, which, in turn, will influence the US Dollar price dynamics and provide a fresh impetus to the non-yielding bullion.
Forecasts for Payrolls are all over the place
Yesterday’s data put the kybosh on the idea the Fed needs to cut rates fairly urgently to protect the labor market. The jobs component of the ISM services index was nicely over 50, and that rising JOLTS voluntary quits rate also points to no real heartache in labor.
2026 economic outlook: Clear skies but don’t unfasten your seatbelts yet
Most years fade into the background as soon as a new one starts. Not 2025: a year of epochal shifts, in which the macroeconomy was the dog that did not bark. What to expect in 2026? The shocks of 2025 will not be undone, but neither will they be repeated.
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