Author Archives: MN Gordon

Boeing’s Bean Counter Culture and Mass Financialization

The demise of Boeing culminated in late-2018 and early-2019 when the company’s revamped 737, the 737 MAX, suffered two systems malfunction induced crashes. This prompted aviation authorities around the world to ground the 737 MAX. Continue reading

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

Is the Panic Worse than the Virus?

The Great Panic of 2020 is already one for the history books.  Yet the damage has only just begun.  We suspect the stock market crash, economic destruction, and forfeiture of freedoms will persist long after the coronavirus hobgoblin has been put to bed. Continue reading

Posted in MN Gordon, Stock Market | Tagged , , , , | 13 Comments

Your 12-Point Great Depression II Survival Guide

And just like that – after a magnificent 11 year run – the bull market in U.S. stocks is dead.  From its peak close of 29,551 on February 12 through yesterday’s [Thursday] close of 21,200, the Dow Jones Industrial Average (DJIA) has dropped over 28 percent – in just 30 days!  RIP. Continue reading

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

Destruction By Definition

Major U.S. stock market indexes yo-yoed about all week. On Monday, panic selling from last week turned to panic buying. Decades of Fed intervention have conditioned stock market investors to step in front of semi-trucks to scoop up nickels. Continue reading

Posted in Economy, MN Gordon | Tagged , , , , | 12 Comments