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Author Archives: MN Gordon
How Public Pensions Turn Cities into Unlivable Hellholes
Nearly 20-years ago, while providing consulting services to a county sanitation district, we crossed paths with a grumpy fellow who had only a secondary interest in providing industrious work. His primary interest was deliberating on his upcoming retirement; he could bend your ear off. Continue reading
Posted in Government Debt, MN Gordon
Tagged calpers, legacy costs, pasadena, public pension funds, steve mermell
14 Comments
The Decline and Fall of a High Finance Wizard
Citron trusted his clairvoyance. He believed he knew what the Fed was going to do before the Fed even knew. His apparent acumen had garnered him the highest reputation. He was regard a wizard of high finance. Continue reading
Posted in Government Debt, MN Gordon
Tagged 1994, alan greenspan, merrill lynch, orange county bankruptcy, robert citron
1 Comment
Burn, Baby, Burn!
Mayhem, like brutal bear markets and inner city riots, are facts of life. We’ll all get caught up in one here or there in our lifetimes. The challenge is to make it through with as little damage as possible. Continue reading
Posted in MN Gordon, Stock Market
Tagged burn baby burn, federal reserve, let it burn, simon rodia, watts riot, watts towers
1 Comment
How Inflation Got Away from Washington Screw Ups
Being a government hack has its advantages. You get eleven paid holidays per year. You get promoted for poor performance. The benefits are superb. Best of all, you can get remarkably rich…even if you’re a screw up. Continue reading
Posted in Inflation, MN Gordon
Tagged federal reserve, janet yellen, jerome powell, joe biden, kamala harris, treasury
24 Comments
