Category Archives: MN Gordon
Holding the Permanently High Plateau
“Stock prices have reached what looks like a permanently high plateau,” said Ph.D. economist, Irving Fisher, on October 17, 1929. “I do not feel there will be soon if ever a 50 or 60 point break from present levels, such … Continue reading
Why the U.S. Government Should End the 40-Year Crude Oil Export Ban
An abundance of oil hides a lot of mistakes. Just think of Saudi Arabia. Oil accounts for 95 percent of their exports and contributes 70 percent of government revenue. Unfortunately, the royal family’s taken this cash cow and squandered it. … Continue reading
Musical Chairs Investing
Markets were closed yesterday in observance of Labor Day. But here at the Economic Prism we labored on. There’s always something to contemplate. Where to begin? One place, obviously, is this crazy stock market. Day after day, week after week, … Continue reading
Morons At Large
Up here, near the face of Tahquitz Peak, the summer twilight lingers a little longer. The evening sunshine bends through the tall shady pines and sweet smelling cedars, basking on Idyllwild…the splendor mile high Southern California mountain village. We breathe … Continue reading
