Author Archives: MN Gordon
Monetary Policy, Explained
Minutes from the March 13 Federal Open Market Committee meeting were released Tuesday afternoon. Upon perusing the record of proceedings, Wall Street was shocked to discover there was no discussion of monetary easing options. Traders promptly sold. Then, on Wednesday, … Continue reading
The Time Is Nigh to Walk Away from the Table
Hardly a Soul Noticed “Great things are not accomplished by those who yield to trends and fads and popular opinion,” once remarked Jack Kerouac. Perhaps Kerouac had the stock market in mind when he made this observation…we don’t know. But … Continue reading
Japan Will Take the World’s Breath Away, Part II
The National Bureau of Economic Research marks June 2009 as the end of the Great Recession. That means the United States economy has been in recovery for nearly three years. Semantically this is accurate…all the stimulus and monetary easing has … Continue reading
Japan Will Take the World’s Breath Away
Last Sunday, in Long Beach, California, the impossible happened…it rained for the second consecutive weekend. Just ask anyone who lives here. That never happens. We’re not complaining. Without the wet weather we would have never discovered the hole in the … Continue reading
