Author Archives: MN Gordon
Debt Default
There’s something both amazing and astounding going on. Last month, Standard & Poor’s lowered its long-term outlook for the federal government’s fiscal health from “stable” to “negative.” Since then yields on 10-Year Treasury Notes have dropped 18 basis points. Here … Continue reading
Ending the Business Cycle with Guesswork
In the fall of 2010, the U.S. economy had been in recovery for about 18 months. At least that was the official word from the National Bureau of Economic Research, which dated the recession from December 2007 to June 2009. … Continue reading
History Is Coming
Mother Teresa once said, “If you can’t feed a hundred people, then just feed one.” The way things are going, soon many people won’t only not be able to feed one person…they won’t be able to feed themselves. According to … Continue reading
Cash and Credit Created from Thin Air is Not Real Wealth
Something mysterious is happening. The U.S. economy is deflating at the very moment the Federal Reserve is huffing and puffing more than ever to pump it up. How could this be possible? Like jumbo shrimp or an ashtray with a … Continue reading
