Author Archives: MN Gordon
Making Obese Debt Levels Possible
Make no bones about it…this economy sucks eggs. Just ask anyone who’s looking for a job and they’ll tell you, ‘no one’s hiring.’ Despite official decree from the National Bureau of Economic Research that the Great Recession ended in June … Continue reading
Europe Doubles Down on Greek Bailout
Hot dry Santa Ana winds blow from the east across the California desert every fall. They rip and roar their way over and down the mountain passes and rumble their way across the vast Los Angeles basin, pushing the smog … Continue reading
Broken Promises Broken Dreams
White House and Congressional efforts to reach a Grand Bargain are merely a distraction. The basis for such a bargain – reduce spending so the debt limit can be raised – is fraud and folderol. Nothing that we’ve seen suggests … Continue reading
A Run on the United States Government
Things are ugly out there. The governments of the world are going broke in unison. Over in Europe, the credit ratings of Greece, Ireland, and Portugal have been downgraded to junk bond status. Italian and Spanish debt is sure to … Continue reading
