Author Archives: MN Gordon
Detroit Bankruptcy Uncovers Disastrous Pension Fund Fudge Factor
Detroit filed the largest municipal bankruptcy case in U.S. History last Thursday. Then, on Saturday, Helen Thomas bit the dust. No doubt, both passing were long overdue. As far as we can tell, the demise of Helen Thomas and Motor … Continue reading
The High Point of China’s Economic Boom
Sometime in the early 1980s, goes the popular lore, Chinese leader Deng Xiaoping looked out across the vast people’s communes and pronounced, “To get rich is glorious.” Suddenly, without hesitation, the people put down their rakes, walked off the farm … Continue reading
Your Summer Tax Increase
Oil prices are holding above $106 per barrel. What gives? Wasn’t all the oil fracking supposed to increase production and decrease price? So far, part of this equation has come to be. In fact, the Energy Information Administration’s weekly report, … Continue reading
Market Moves Ahead Should be Good for Gold, Bad for the US Dollar
Market Moves Ahead Should be Good for Gold, Bad for the US Dollar By John Williams, Shadowstats Nothing is normal: not the economy, not the financial system, not the financial markets and not the political system. The financial system still … Continue reading
