Author Archives: MN Gordon
Gold Shines Bright
The mighty U.S. dollar spent a good part of the year beating up on other currencies. From January to mid-October, the dollar rose 13 percent against the euro, 22 percent against the Japanese yen, and 6 percent against emerging market currencies. Continue reading
Opendoor: Buy the Ticket, Take the Ride
On February 11, 2021, the share price of Opendoor Technologies Inc. (NASDAQ: OPEN) hit an all-time closing high of $35.88. As of market close on Thursday, the stock was trading at just $1.87. That’s over a 94 percent loss. Should you buy the dip? Continue reading
Death to Zombies
Rising interest rates, no doubt, bring death to zombies. By zombies, we’re referring to those companies in the second camp that would have died long ago, if not for the sustenance of artificially suppressed cheap credit. Continue reading
Are You Ready for the Coming U.S. Government Default?
The popular American myth is that the U.S. government has never defaulted on its debt. Quite frankly, that’s an unadulterated lie. The U.S. government has (unofficially) defaulted on its debt twice within the last hundred years. Continue reading
