Category Archives: Government Debt

Choking On the Salt of Debt

Roughly three years ago, after traversing between Los Angeles and San Francisco via the expansive San Joaquin Valley, we penned the article, Salting the Economy to Death.  At the time, the monetary order was approach peak ZIRP.  We found the … Continue reading

Posted in Government Debt, MN Gordon | Tagged , , , , | Leave a comment

As the Credit Cycle Turns

A rising stock market has the illusory effect of masking the economy’s warts and blemishes.  Who cares if incomes are stagnant when everyone’s getting rich off stocks?  Certainly, winning wealth via the stock market beats working for it. Without question, … Continue reading

Posted in Government Debt, MN Gordon | Tagged , , , , | 1 Comment

What Fed Chair Powell Forgot to Mention

What are the chances of Federal Reserve Chairman Jerome Powell being wrong?  The chances he’ll be wrong on the economy’s growth prospects, the direction of the federal funds rate, and inflation itself?  Our guess is his chances of being wrong … Continue reading

Posted in Government Debt, MN Gordon | Tagged , , , , , | Leave a comment

Broken Promises

Consumer debt, corporate debt, and government debt are all going up.  But that’s not all.  Margin debt – debt that investors borrow against their portfolio to buy more stocks – has hit a record of $642.8 billion.  What in the … Continue reading

Posted in Government Debt, MN Gordon | Tagged , , , , , | Leave a comment