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Category Archives: Business
The Art of the Lose-Lose Deal
Has there ever been a worse time to be a lowly American wage earner? First, Washington spewed out $6 trillion in printing press money. This pushed consumer price inflation to a 40 year high. At the same time, it diluted wages from a standard lager to a pilsner light. Now, at this very moment, the demand for higher wages through union organization is leading to the mass culling of payrolls. The higher wages go. The less jobs will remain. Continue reading
Posted in Business, MN Gordon
Tagged detroit, ford motor, general motors, lose-lose deal, rich boyer, shawn fain, stellantis, uaw, union
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Taking Scalps
Major League Baseball continues its grind through the dog days of summer. By now, the hunt for a playoff spot is long gone in many cities. Teams are below .500. They can’t even make it via the wildcard. Continue reading
Posted in Business, MN Gordon
Tagged atlanta braves, banking crisis, moody's, negative carry, tomahawk chop, truist financial, truist park
1 Comment
Tasting the Forbidden Fruit
Make no mistake, consumers and businesses got themselves into this mess. No one held a gun to their heads and forced them to borrow money. They did it to themselves. Continue reading
Posted in Business, MN Gordon
Tagged debt, forbidden fruit, interest rate, saving, thinking, treasuries
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Time to Get Real About Artificial Intelligence
There’s never really a good time for a new bubble mania. But usually, they have the decency to come at the tail end of an extended bull market, as a sort of blow-off top. Continue reading
Posted in Business, MN Gordon
Tagged artificial intelligence, bubble mania, credit market, dot com, NASDAQ
1 Comment
