Author Archives: MN Gordon
The Decline of Per Capita Wealth
Yesterday was a momentous day. According to the State of World Population 2011, published by the United Nations Population Fund, it was the day world population topped 7 billion people. We find this to be momentous not just for the … Continue reading
Bringing About Our Own Special Misery
Consumer confidence laid a rotten egg in October. The Conference Board’s index of consumer sentiment was reported Wednesday at 39.8…its lowest reading since March of 2009. To put this in perspective, during a robust economy, consumer confidence readings are at … Continue reading
The Euro is Done
The November issue of National Geographic tells of the recent discovery of the Staffordshire Hoard – a treasure of gold, silver, and garnet military objects from the early Anglo-Saxon era that had been buried in the English countryside for 1300 … Continue reading
The Wrath of Inflation
The U.S. Bureau of Labor Statistics reported on Wednesday that inflation, as measured by the Consumer Price Index, increased 0.3 percent in September. Increases in energy and food prices were the main contributors to the rise. On an annualized basis, … Continue reading
