Author Archives: MN Gordon
China’s Economy is Doomed
Sometime early last summer, Hui Ka Yan, chairman of Evergrande Real Estate in China, displayed his brilliant deal making abilities. He took time off from developing and selling residential real estate buildings to sell China’s most popular soccer team to … Continue reading
Not in a Million Years
Storylines serve a valuable purpose. They round out the incongruences and give meaning to things in a way people can quickly comprehend. This is especially true when it comes to the economy. The popular narrative of the day is that … Continue reading
Bet Against the House at Your Peril
The stock market’s on edge. After dropping 278 points last Friday and climbing back 139 points on Monday…the DOW purged 332 points on Tuesday. Wednesday the DOW gave back another 27. By yesterday the storm had past. Sunny skies were … Continue reading
The Beginning of the End for the European Union
The European Central Bank initiated a new mass money debasement scheme yesterday. If you recall, this involves buying €60 billion ($66 billion) a month of European government bonds. Somehow this is supposed to improve the economy. No doubt, the European … Continue reading
