Author Archives: MN Gordon
The Bond Market is the House
New chapters of hubris in central financial planning are written on a regular basis. But rarely is one inscribed with such spectacular timing. Continue reading
How Kevin Warsh Inherited an Unwinnable Monetary War
When Julius Caesar marched his 13th Legion across the Rubicon River in 49 BC, he knew he was breaking a fundamental rule of the Roman Republic. But it was a calculated risk he chose to take. And, once crossed, there was no turning back. Continue reading
Modest Reflections on Varying Tolerances to Extreme Pain
Last week Fed Chairman Kevin Warsh delivered his debut alpha dog speech from Jackson Hole, Wyoming. It was titled “In Our Time,” and was billed as a broad blueprint for how he intends to govern. Namely, he wants a quieter Fed. Continue reading
Financial Graffiti
The financial reckoning continues to move towards its end. The U.S. national debt has officially broken $40 trillion. This number is so massive it’s hard to comprehend. For example, if Washington paid down $1 billion of debt every single day, it would take nearly 110 years to settle the tab. Continue reading
