Category Archives: MN Gordon
Welcome to the New Dark Ages
The popular notion that the economy’s doing just fine is losing acceptance with each passing week. Politicians, central bankers, brokers, and even the nightly news broadcasters can no longer pretend everything’s going according to script. All at once, no one … Continue reading
Less than Zero
Just when we thought we’d seen it all the impossible happened. Earlier this week the 10-year Japanese government bond slipped into negative. Obviously, it took decades of heavy handed intervention into credit markets to pull off such a feat. On … Continue reading
China’s $6.6 Trillion Toxic Loan Problem
“As long as you’re green, you’re growing. As soon as you’re ripe, you start to rot,” once remarked Ray Kroc, mastermind of the McDonald’s franchise empire. At the moment, no truer words can be spoken for China’s ripe economy. The … Continue reading
Something’s Gone Horribly Awry
The S&P 500 has fallen 7.37 percent so far this year. What to make of it… Naturally, some people find falling stock prices to be unpleasant. Others find them distressing. Another way to look at falling stock prices, however, is … Continue reading
