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Monthly Archives: September 2013
End Stimulus Now!
A dreary jobs market, stagnant GDP, declining household income, falling wages, workforce reduction, anemic production… You name it. The economy’s clunking down the road like an old Cutlass Supreme. No matter what fixes are made, the thing can’t seem to … Continue reading
Posted in Government Debt, MN Gordon
Tagged business cycle, collapse, congress, debt, default, monetizing debt
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Shattering the Debt Ceiling
It’s always exciting when money and politics mix. For example, on Friday billionaire investor Warren Buffett told students at Georgetown University it would be “pretty damn dumb” if Congress and President Obama don’t reach an agreement to raise the nation’s … Continue reading
Posted in Government Debt, MN Gordon
Tagged debt ceiling, government action, jack lew, obamacare, treasury
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Stock Market Shangri-La
The big news early in the week was that Larry Summers – the man so smart he lost hot breakfasts for Harvard and $2 billion of the university’s operating funds – withdrew his name from consideration for the next Federal … Continue reading
Posted in MN Gordon, Stock Market
Tagged ben bernanke, debt, monetizing debt, QE3, S&P500, treasuries
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Cal Worthington RIP
Today we continue our search for clarity in the muddy waters of economics. We want to know what will happen tomorrow…today. Moreover, we want to consider how to use our estimations of the future to our advantage. One way to … Continue reading
Posted in Economy, MN Gordon
Tagged cal worthington, consumer sentiment, interest rate, jobs, risk
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