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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 bailout, bean counter, boeing, coronavirus, william boeing
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 charles mackay, coronavirus, great depression, panic, stock market crash
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 bear market, bull market, federal reserve, great depression ii, survival guide
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 coronavirus, dollar, DOW, federal reserve, state of emergency
12 Comments
