Tag Archives: debt

The Coming Debt Reckoning

American workers, as a whole, are facing a disagreeable disorder.  Their debt burdens are increasing.  Their incomes are stagnating. There are many reasons why.  In truth, it would take several large volumes to chronicle all of them.  But when you get down to … Continue reading

Posted in Economy, MN Gordon | Tagged , , , , | 9 Comments

Simple Math of Bank Horsepucky

We stepped out on our front stoop Wednesday morning and paused to take it all in. The sky was at its darkest hour just before dawn.  The air was crisp.  There was a soft coastal fog.  The faint light of … Continue reading

Posted in Inflation, MN Gordon | Tagged , , , , | 1 Comment

Credit Contraction Episodes

Taking the path of least resistance doesn’t always lead to places worth going.  In fact, it often leads to places that are better to avoid.  Repeatedly skipping work to sleep in and living off credit cards will eventually lead to … Continue reading

Posted in Economy, MN Gordon | Tagged , , , , | Leave a comment

Failure to Launch

The future is here and it’s not all it was cracked up to be.  For example, one of the great disappointments of the 21st century, thus far, is the lack of flying cars.  Wasn’t this supposed to be the signature … Continue reading

Posted in Economy, MN Gordon | Tagged , , , , | Leave a comment