Category Archives: MN Gordon
By the Dawn’s Early Light
The days are long and hot in the Northern Hemisphere when real American patriots spit upon their hands and hoist the red, white, and blue. On July 4th, the free and brave, with duty and self-sacrifice, begrudgingly accept federal holiday pay to stand tall upon their own two feet. Rugged individualism and uncompromising independence are essential to their character. Continue reading
Be Careful What You Wish For
If foreign investors reduce their holdings of U.S. Treasuries, then who will pick up the slack? If foreign central banks are not buying Treasuries, how will the government finance its debt? Continue reading
LALA Land is Coming to a Town Near You
The delusion of California Dreamin’ over the years has most faithfully emanated from Los Angeles – LALA Land. During the pre-World War II days, before the mania to splatter every square foot of its surface with concrete took hold of the local spirits, the place was already a magnet for eccentrics, pyromaniacs, and hucksters galore. Continue reading
The CAPE Crusader Unveils a Bubble
When you see a CAPE of 37.05, you’re looking at a market that is more than twice as expensive as its long-term average. This isn’t a slight overpricing. Rather, it’s an extreme overvaluation. This is, in fact, a bubble. Continue reading
