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Category Archives: MN Gordon
The Art of the Lose-Lose Deal
Has there ever been a worse time to be a lowly American wage earner? First, Washington spewed out $6 trillion in printing press money. This pushed consumer price inflation to a 40 year high. At the same time, it diluted wages from a standard lager to a pilsner light. Now, at this very moment, the demand for higher wages through union organization is leading to the mass culling of payrolls. The higher wages go. The less jobs will remain. Continue reading
Posted in Business, MN Gordon
Tagged detroit, ford motor, general motors, lose-lose deal, rich boyer, shawn fain, stellantis, uaw, union
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Taking Scalps
Major League Baseball continues its grind through the dog days of summer. By now, the hunt for a playoff spot is long gone in many cities. Teams are below .500. They can’t even make it via the wildcard. Continue reading
Posted in Business, MN Gordon
Tagged atlanta braves, banking crisis, moody's, negative carry, tomahawk chop, truist financial, truist park
1 Comment
Debt and Destruction
Something’s off. And it’s making life downright unpleasant for a broad cross section of Americans. The average worker, after putting in his 40 hours a week, is coming up short. Cash outflow consistently exceeds cash inflow. Debits overwhelm credits. How could this be? Continue reading
An Urgent Appeal for Duane “The Master of Disaster” Peters
Duane Peters worked really, really hard at being “The Master of Disaster” for over 40-years. Day after day. Year after year. Decade after decade. He gave it his all. It was a tough job. The broken bones. The knocked-out teeth. The many face pummelings. But he was good at it. Continue reading
Posted in Inflation, MN Gordon
Tagged debt, duane peters, interest rate, the master of disaster, treasuries
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