Monthly Archives: October 2022

The Sordid Politics of Inflation

Posted on October 28, 2022 by MN Gordon

President Joe Biden just crapped the bed. Again! The near octogenarian thought he’d struck a secret deal back in July. You may have seen Biden’s fist bump with Saudi Crown Prince Mohammed bin Salman at the time. The non-binding agreement called for increased oil production until at least December, after the midterm elections. Continue reading →

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Operation Break Stuff

Posted on October 21, 2022 by MN Gordon

Stagflation, sinking labor productivity, severe levels of public and private debt, a splintered real estate market… You name it. The economy’s crashing and burning like an old Cutlass Supreme. Continue reading →

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Debt Markets Get Trampled

Posted on October 14, 2022 by MN Gordon

Anyone with half a brain knew there would be hell to pay for locking down the economy and simultaneously printing and spewing out trillions of dollars of confetti money. The bill has finally come due. Did you see the latest consumer price index (CPI) report? Continue reading →

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Who Else Bought BlackRock’s LDI Swindle Products?

Posted on October 7, 2022 by MN Gordon

The recent collapse of the United Kingdom (UK) gilt market’s long maturities, which required Bank of England (BOE) purchases of tens of billions of pounds of long gilts to stem a Lehman moment, shined a spotlight on something called liability driven investing (LDI). Continue reading →

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