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Author Archives: MN Gordon
Bondage Is Cruel
Did you know that San Francisco’s recently completed 1.7-mile Central Subway cost $1.95 billion? That amounts to over $217,400 per foot. On a per inch basis, this is over $18,000. Continue reading
Posted in MN Gordon, Politics
Tagged collapse, default, government grift, public pension funds, taxes
4 Comments
Is the Bank Crisis Already Over?
Taking the path of least resistance eventually leads to disastrous places. Like the Alexandria Hotel in Los Angeles, circa 1990s, these are places that are best to be avoided. Still, some people, after consistently choosing the easier and softer way, ended up there, going mad, in their SRO unit. Continue reading
Will You Play It Fast And Loose?
At the point of maximum fear, when the sky is falling, the world is ending, and shares of Bank of America trade below $8, what will you do? Will you play it safe? Or will you play it fast and loose? Continue reading
Posted in MN Gordon, Stock Market
Tagged bank crisis, deflation, fast and loose, inflation, quantitative tightening
25 Comments
Occupy Wall Street Redux
Borrowing short and lending long works mostly well most of the time. This is how modern banking works. You may be a customer at a bank. But you also supply the product. Continue reading
Posted in MN Gordon, Politics
Tagged 2008 financial crisis, bank bailout, credit-anstalt, occupy wall street, silicon valley bank
26 Comments