Author Archives: MN Gordon
A World Of Fiat
There has been a lot of discussion lately about America’s massive trade deficit and how President Trump’s tariff policies are intended to shrink it down while returning manufacturing to the USA. What isn’t often mentioned is how this massive trade deficit ever came about to the extent that it has to begin with. If the world still operated on a gold standard these mega imbalances would have been impossible. Continue reading
How Fed Dependence on Bogus Data Invites Disaster
Numbers may seem like hard facts. But they are rigorously flexible in the right hands. The game often involves framing. Politicians and bureaucrats are masters of it. Continue reading
Powell Holds the Line
This week, as expected, Powell and the Federal Open Market Committee (FOMC), held the federal funds rate at a target range of 4.25 to 4.5 percent. Of note, two members of the FOMC dissented from the majority decision. Continue reading
Stargate’s AI Dreams Meet Reality
After six months, Stargate hasn’t completed a single deal for a data center. Now the company’s set a goal of building one small data center this year, probably in Ohio. Continue reading
