Category Archives: MN Gordon
What You Can Do About the Drought and Rising Food Prices
Can you believe it? Yesterday European Central Bank President Mario Draghi failed to clarify what he meant last week when he promised business leaders in London to do “whatever it takes to preserve the euro.” Traders were looking for concrete … Continue reading
Collective Destruction
Last Tuesday we remarked that Mario Draghi and the European Central Bank were receiving valuable on the job training. Most notably, that money creation operations are much harder to stop than to start. By Thursday, Draghi confirmed he’s an astute … Continue reading
A Valuable Lesson on Money Creation
“No, absolutely not,” answered European Central Bank (ECB) President, Mario Draghi on Saturday over croissants in Paris. He was responding to a question from the French newspaper Le Monde, asking if the euro were in danger. There are numerous axioms … Continue reading
Get Ready for a Massive Stock Market Selloff
On Tuesday, Federal Reserve Chairman Ben Bernanke’s made his semiannual monetary policy testimony before the Senate Banking Committee. Washington and Wall Street wanted QE3. Bernanke demurred. Following the testimony, Senator Chuck Schumer told Federal Reserve Chairman Ben Bernanke to “get … Continue reading
