Category Archives: MN Gordon
Modest Reflections on Varying Tolerances to Extreme Pain
Last week Fed Chairman Kevin Warsh delivered his debut alpha dog speech from Jackson Hole, Wyoming. It was titled “In Our Time,” and was billed as a broad blueprint for how he intends to govern. Namely, he wants a quieter Fed. Continue reading
Financial Graffiti
The financial reckoning continues to move towards its end. The U.S. national debt has officially broken $40 trillion. This number is so massive it’s hard to comprehend. For example, if Washington paid down $1 billion of debt every single day, it would take nearly 110 years to settle the tab. Continue reading
How to Profit When the Oil Market Splits
When the Strait of Hormuz was first closed following the ill-advised military strikes on Iran by the United States and Israel at the end of February, it was all so obvious. Oil prices would skyrocket. Continue reading
Weights and Measures
Down here at the End of the World, as elsewhere, the rain falls on the just and the unjust alike. From our perch, in a quaint corner café here in Recoleta, we cannot easily tell one from the other… Continue reading
