Category Archives: MN Gordon
When the U.S. Treasury Bond Bubble Finally Explodes
The U.S. government borrows more than $40,000 per second. You’d think running up the credit cards at such a rate would be great fun. Yet, as far as we’ve made out, there’s nothing much fun about it. Who knows? Perhaps … Continue reading
The Magic World of Guaranteed Retirement Accounts
The pursuit of ignominy is nondiscriminatory. For it’s with equal opportunity that each individual’s granted the occasion to act a buffoon. Most rare is the man who heeds the calling, ascends to the highest ranks of public office, and preserves … Continue reading
When Return Of Your Money Beats Return On Your Money
Wild absurdities are taking place in the debt markets these days. Near impossibilities like negative real interest rates are going on at this very moment. We blink our eyes with disbelief…but sure enough, the price for money banks are paying … Continue reading
Debt Default
There’s something both amazing and astounding going on. Last month, Standard & Poor’s lowered its long-term outlook for the federal government’s fiscal health from “stable” to “negative.” Since then yields on 10-Year Treasury Notes have dropped 18 basis points. Here … Continue reading
