I know Steve Keen has taken criticism for his projection that the Australian property market would collapse in 2008 but his reconciliation of MMT, where the sum of all sectoral balances must equal zero, with his Monetary Circuit Theory, where Effective Demand = GDP + change in Debt, is brilliant.
For those who struggle with the terminology:
Ex ante = before the event
Post ante = after the event
Endogenous money simply means banks expand and contract the money supply as customers borrow and repay loans. See Wikipedia for a more detailed explanation.
Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters.
Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.
Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008/2009 and 2020 bear markets well ahead of actual events.
He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.