Monthly Archives: July 2015

Deflation with a Capital D

Posted on July 31, 2015 by MN Gordon

There’s a good ole fashioned market panic taking place in the Far East.  Buyers of Chinese stocks have become scarcer than hen’s teeth.  Even the highly visible hand of the Chinese government can’t arrest the freefall. On Monday, for example, … Continue reading →

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The Perfect Storm Bearing Down Upon Us

Posted on July 28, 2015 by MN Gordon

The barbarous relic wasn’t the only thing that got smashed last week.  Commodities did too.  On Thursday copper fell nearly 2 percent, to its lowest level since 2009. Iron-ore prices also dropped.  Oil did too…falling below $50 a barrel.  Still, … Continue reading →

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The Barbarous Relic takes a Beating

Posted on July 24, 2015 by MN Gordon

Fantasies, failings, fraud, and folderol.  These are the elusive straws we grasp for when contemplating the marvels of modern day money.  There’s little hope we’ll ever come up with a solid handful we can pull ourselves up by. Still, we … Continue reading →

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China’s Exercise in Futility

Posted on July 21, 2015 by MN Gordon

At the moment, it appears the Chinese government has forestalled a full stock market meltdown.  To do so, the People’s Bank of China made direct purchases of stocks trading on the Shanghai Stock Exchange.  What type of chimera is this? … Continue reading →

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