Monthly Archives: July 2016

Visions of Tomorrow from the Permanently High Plateau

Posted on July 29, 2016 by MN Gordon

Somewhere, someone first said “bull markets don’t die of old age.”  We suppose this throwaway phrase was first uttered in a time and place much like today.  That is, in the midst of a protracted bull market where stock prices … Continue reading →

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More Signs the End is Nigh

Posted on July 22, 2016 by MN Gordon

“What has been will be again, what has been done will be done again; there is nothing new under the sun,” explained Solomon in Ecclesiastes, nearly 3,000 years ago. Perhaps the advent of negative yielding debt would have been cause … Continue reading →

Posted in MN Gordon, Stock Market | Tagged , , , , | 9 Comments

Destination Mars

Posted on July 15, 2016 by MN Gordon

One of the more preposterous deeds of modern central banking involves creating digital monetary credits from nothing and then using the faux money to purchase stocks.  If you’re unfamiliar with this erudite form of monetary policy this may sound rather … Continue reading →

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Larry Summers Wants to Give You a Free Lunch

Posted on July 8, 2016 by MN Gordon

The existing capital stock continues to be frittered away at the expense of savers and retirees.  Nonetheless, central bankers don’t give a doggone about it.  This, after all, is one consequence of roughly eight years of near zero interest rate … Continue reading →

Posted in Government Debt, MN Gordon | Tagged , , , , , | 7 Comments