Author Archives: MN Gordon

Fed Chair Powell’s Plan to Pickle the Economy

Once a cucumber becomes a pickle it can never be a cucumber again. Indeed, financial markets have been pickled over to no end. What’s more, Fed Chair Powell’s efforts to unpickle QE were met with howls from the President, Wall Street, and Larry Kudlow. Continue reading

Posted in Economy, MN Gordon | Tagged , , , , | 2 Comments

Elizabeth Warren’s Plan to Bamboozle American Voters

The run-up to the presidential primaries offers a funhouse reflection of American life. Presidential hopefuls, hacks, and has-beens turn to focus groups to discover what they think the American electorate wants. Then they distill it down to hollow bumper stickers. After that, they pump their fists and reflect it back with mindless repetition. Continue reading

Posted in MN Gordon, Politics | Tagged , , , , | 14 Comments

The Ugly End of Globalization

About this time, something even more historic happened.  Roughly one billion Chinese workers, who were willing to work for less than peanuts, joined the global workforce.  As a result, the U.S. was able to export its inflation – and jobs – to China and other emerging economies over the next three decades. Continue reading

Posted in Inflation, MN Gordon | Tagged , , , , | 25 Comments

Workers of the World, Unite!

Several decades of perpetual credit creation courtesy of the Fed’s artificially low interest rates have had countless unintended consequences for the global economy. In short, the economy’s reconfigured itself in ways it otherwise wouldn’t have. One example is the offshoring of U.S. jobs to China and the massive trade imbalance between the two countries. Continue reading

Posted in Inflation, MN Gordon | Tagged , , , , | 20 Comments