Tag Archives: junk bonds
The Intolerable Scourge of Fake Capitalism
All is now bustle and hubbub in the late months of the year. This goes for the stock market too. If you recall, on September 22nd the S&P 500 hit an all-time high of 2,940. This was nearly 100 points … Continue reading
Posted in MN Gordon, Politics
Tagged debt, fake capitalism, junk bonds, S&P500, self-cannibalism
1 Comment
Life After ZIRP
Federal Reserve Chair Janet Yellen finally made good on her promise. On Wednesday she raised the federal funds rate to a target range of 0.25 to 0.5 percent. Can you believe it? After nearly a decade since the last rate … Continue reading
Posted in Economy, MN Gordon
Tagged fiat money, financial crisis, janet yellen, junk bonds, zirp
Leave a comment
