Category Archives: MN Gordon
Significant Yuan Devaluation Imminent
The Department of Commerce reported last week that U.S. gross domestic product grew at a 2.1 percent annual rate during the third quarter, not the 1.5 percent rate previously stated. Apparently, private inventory investment was greater than initially estimated. Nonetheless, … Continue reading
Salting the Economy to Death
One popular delusion that won’t seem to go away is the notion that policy makers can stimulate robust economic growth by setting interest rates artificially low. The general theory is that cheap credit compels individuals and businesses to borrow more … Continue reading
From Here to Eternity
Gentlemen-rankers out on the spree, Damned from here to Eternity, God ha’ mercy on such as we, Baa! Yah! Bah! — Gentlemen-Rankers, Rudyard Kipling Insults and Offenses For the first time in 80 years, vast numbers of hardworking, industrious people … Continue reading
The Long, Cold Winter Ahead
Cold winds of deflation gust across the autumn economic landscape. Global trade languishes and commodities rust away like abandoned scrap metal with a visible dusting of frost. The economic optimism that embellished markets heading into 2015 have cooled as the … Continue reading
