Category Archives: Economy

Listening to the Canary

Posted on April 22, 2014 by MN Gordon

Listening to the Canary By Terry Coxon, Senior Economist During World War II, the British Royal Air Force (RAF) undertook a plan of misdirection to allow a squadron of bombers to approach an exceptionally valuable target in Europe undetected.  The … Continue reading →

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Ventures Into Sophism

Posted on February 11, 2014 by MN Gordon

Last week, while everyone was busy watching the stock market wildly convulse about, something noteworthy occurred.  Oil prices eclipsed $100 per barrel.  Moreover, oil prices are up about 5 percent so far this year. “Oil futures rallied on Friday, tacking … Continue reading →

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Pray for Rain

Posted on February 4, 2014 by MN Gordon

Here in the Golden State everything’s brown.  The hillsides are dry and the scrubland vegetation’s a giant tinderbox.  Sierra snowpack is only 12 percent of normal…the lowest it’s ever been since California began keeping records in 1960. The wildfires don’t … Continue reading →

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Duct Tape Economics

Posted on January 14, 2014 by MN Gordon

The Labor Department laid a sulfurous egg last Friday.  By their calculations, just 74,000 jobs were created in December.  The pros thought it would be 200,000.  What do they know? This marks the slightest increase since January 2011.  Somehow, even … Continue reading →

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