Category Archives: MN Gordon
When the Gravy Train Jumps the Tracks
The future consequences of all that has been done to the financial system and the economy over the last four years – from late 2008 to the present – are largely not understood. There seems to be some broad impression … Continue reading
Skeleton Economics
“Markets make opinions,” once said someone who’s much, much smarter than we are. Perhaps they meant that when markets rise for a long period investors will make up opinions about why they will keep rising further. Likewise, if markets are … Continue reading
Falling Off the Hunger Cliff
The October edition of Smithsonian magazine tells us that “With five simple words in the Declaration of Independence – ‘all men are created equal’ – Thomas Jefferson undid Aristotle’s ancient formula, which had governed human affairs until 1776: ‘From the … Continue reading
Present Conditions and Negative Outcomes
There are certain things in life a reasonable person knows they should not do. These are things so obvious, evident, and elementary they do not require learning. They go without question. They don’t have to be tested for confirmation or … Continue reading
