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Monthly Archives: January 2016
Something’s Gone Horribly Awry
The S&P 500 has fallen 7.37 percent so far this year. What to make of it… Naturally, some people find falling stock prices to be unpleasant. Others find them distressing. Another way to look at falling stock prices, however, is … Continue reading
Posted in Inflation, MN Gordon
Tagged federal reserve, john maynard keynes, mean reversion, S&P500, skid row
9 Comments
Chasing the Wild Goose in Davos
Despite the reformers endless efforts to encircle mankind, some persist beyond the broad extent of their casted net. In the backwaters of the new Republic, for instance, the distant rumble and flicker of Saturday night hootenannies still befall yonder the … Continue reading
Posted in MN Gordon, Politics
Tagged davos, freedom, government meddling, liberty, world economic forum
10 Comments
Earthquake Economics
“The United States of America, right now, has the strongest, most durable economy in the world,” said President Obama, in his State of the Union address, on Tuesday night. What performance metrics he based his assertion on is unclear. But … Continue reading
Posted in Inflation, MN Gordon
Tagged bubble, business cycle, collapse, consumer price index, quantity of money
1 Comment
The Muted Delight of the Forthcoming Recession
One week down. Fifty-one more to go. No doubt, this has been a wild start to the New Year. We expect many more to follow. For example, on Monday, Chinese investors overloaded the Shanghai Stock Exchange. An abundance of traders … Continue reading
Posted in Economy, MN Gordon
Tagged china, construction, interest rate, janet yellen, manufacturing, shanghai stock exchange, trade
14 Comments