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Monthly Archives: November 2023
Just Another American Story
This is a story that dates back over a billion years. To the Proterozoic Era. If you can stretch your mind to consider how long ago that was you can understand how sedimentary rock is formed and how it bonds you over eons to the natural world. Continue reading
Posted in Economy, MN Gordon
Tagged america, camp hillbilly, east tennessee, southern appalachia, thanksgiving
1 Comment
The Swamp Walker Delight
If you can understand how the modern swamp walker thinks, you are better positioned to see how credit rating agencies and stopgap bills are both moving America towards a similar end. Continue reading
Posted in Government Debt, MN Gordon
Tagged collapse, congress, debt, debt ceiling, default
4 Comments
The War and Peace of Secular Market Cycles
Projections from the Congressional Budget Office show Washington racking up an additional $20.2 trillion in debt over the next decade. That would put the national debt somewhere around $54 trillion. Continue reading
Posted in Economy, MN Gordon
Tagged congressional budget office, debt, default, interest rate, secular market cycles
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Once Upon a Time in Flagstaff
All these Treasury purchases by the Fed will serve to lower interest rates. But remember, to purchase this massive supply of Treasuries the Fed will use credit that’s created out of thin air via ledger notations. Continue reading
Posted in Inflation, MN Gordon
Tagged dollar, flagstaff, interest rates, jeremy siegel, lender of last resort, treasuries
4 Comments