Author Archives: MN Gordon
Treadmill Economics
A day hardly goes by that doesn’t offer the unexpected. Just when we thought the economy was rolling over to take a big fall something remarkable happened… “Total nonfarm payroll employment rose by 288,000, and the unemployment rate fell by … Continue reading
How to Prepare Now for the Greatest Show on Earth
Last weekend we received a mailer from the city water department. Long Beach has returned to water rationing. Turf and landscape irrigation is only allowed on Monday, Thursday, and Saturday…before 9am or after 4pm. No doubt, it’s hot and dry. … Continue reading
Putin’s Revenge?
Buying low and selling high is an investment strategy that guarantees success. But few are capable of doing it. Most people have an uncanny ability to buy high and sell low. They’d rather buy Facebook at 80 times earnings than … Continue reading
Peddling Loans and Lies to Kids
There’s nothing like an abundant flow of money and credit to push prices out of whack. Borrowing from tomorrow to buy today has the effect of boosting demand. Prices must rise to equilibrate the boost in demand. But prices can … Continue reading
