Category Archives: Economy

Dead Meat in Jackson Hole

Posted on August 23, 2019 by MN Gordon

This Thursday through Saturday, for the 37th consecutive year, the Kansas City Federal Reserve is hosting its economic symposium in Jackson Hole. Central bankers from the Federal Reserve have descended upon the valley like 19th century fur trappers. Who they bill their expense reports to is a question that’s better not asked. Continue reading →

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Fed Chair Powell’s Plan to Pickle the Economy

Posted on June 14, 2019 by MN Gordon

Once a cucumber becomes a pickle it can never be a cucumber again. Indeed, financial markets have been pickled over to no end. What’s more, Fed Chair Powell’s efforts to unpickle QE were met with howls from the President, Wall Street, and Larry Kudlow. Continue reading →

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Why Fed Chair Powell’s a Laughingstock

Posted on May 3, 2019 by MN Gordon

Powell believes this ”technical adjustment” will compel banks with excess reserves parked at the Fed to pursue better returns elsewhere.  Powell also believes lowering the IOER rate will keep the federal funds rate from deviating above its upper range. Continue reading →

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Why a Chernobyl-like Financial Disaster is Inescapable

Posted on April 26, 2019 by MN Gordon

In the early morning hours of April 26, 1986 – roughly 33 years ago – things went horribly wrong in the town of Pripyat, in northern Soviet Ukraine.  Reactor No. 4 at the V. I. Lenin Nuclear Power Plant, also known as the Chernobyl Nuclear Power Plant, was overwhelmed by an uncontrolled reaction.  There was no stopping it. Continue reading →

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