Author Archives: MN Gordon

Where Did Neel Kashkari’s Infinite Cash Go?

Posted on September 29, 2023 by MN Gordon

On April 10, 2020, at the apex of mass coronavirus hysteria, Minneapolis Fed President Neel Kashkari appeared on 60 Minutes. With eyes bugging out of his head, he offered a critical insight. That the Federal Reserve has “infinite cash” and will do whatever it needs to make sure there is enough cash in the banking system. Continue reading →

Posted in MN Gordon, Politics | Tagged , , , , | Leave a comment

Flying on a Wing and a Prayer

Posted on September 22, 2023 by MN Gordon

The main essence, as we understand it, is that over the last 18 months the Federal Reserve has reduced its balance sheet by nearly $1 trillion. With less Fed credit available, market interest rates must go higher. As interest rates go up, asset prices (stocks, bonds, and real estate) will eventually go down. Continue reading →

Posted in MN Gordon, Stock Market | Tagged , , , , , | Leave a comment

ARMed and Dangerous at the U.S. Treasury

Posted on September 15, 2023 by MN Gordon

The U.S. government’s 2023 fiscal year ends at the end of the month. Does this excite you? It should. Assuming you care about the reliability of your dollar-based savings, investments, and what Uncle Sam does with the taxes you pay. Continue reading →

Posted in Government Debt, MN Gordon | Tagged , , , , , | Leave a comment

The Art of the Lose-Lose Deal

Posted on September 8, 2023 by MN Gordon

Has there ever been a worse time to be a lowly American wage earner? First, Washington spewed out $6 trillion in printing press money. This pushed consumer price inflation to a 40 year high. At the same time, it diluted wages from a standard lager to a pilsner light. Now, at this very moment, the demand for higher wages through union organization is leading to the mass culling of payrolls. The higher wages go. The less jobs will remain. Continue reading →

Posted in Business, MN Gordon | Tagged , , , , , , , , | 17 Comments