Category Archives: MN Gordon

Maxine Waters Drops the Hammer on Powell and Mnuchin

This week Federal Reserve Chairman Jay Powell and U.S. Secretary of the Treasury Steven Mnuchin were called upon by the House Financial Services Committee to provide answers. Somehow, their efforts to deliver upon the directive of the CARES Act did not live up to certain expectations. Magic wands were waved. Yet they only made asset holders richer. Continue reading

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How to Tackle the Depression Head On

By and large, the challenges facing the economy have everything to do with central government. Over the last 40 years, as the Fed and the Treasury colluded to rig the financial system in totality, wealth has become ever more concentrated in fewer and fewer insider hands. The effect over the last decade has been a disparity that’s so magnified few can ignore it. Continue reading

Posted in Economy, MN Gordon | Tagged , , , , | 22 Comments

California’s Real Wildfire

The real fire in California is the wildfire that’s raging at CalPERS. The fire, you see, is a fire of arithmetic. It’s a fire that won’t go away. And it’s a fire that’ll burn the whole state to the ground. Continue reading

Posted in MN Gordon, Politics | Tagged , , , , | 11 Comments

How to Turn a Corporate Credit Crisis into a Currency Crisis

The mechanics of persistently falling yields (as yields move inversely to price) over several decades have also acted to inflate a massive bond bubble. The demand for corporate bonds come from a variety of sources. These mainly include foreign investors, investment funds (i.e. mutual funds, ETFs, and closed end funds), life insurance companies, and pension funds. Continue reading

Posted in Government Debt, MN Gordon | Tagged , , , , | 12 Comments