Category Archives: MN Gordon
California’s Real Wildfire
The real fire in California is the wildfire that’s raging at CalPERS. The fire, you see, is a fire of arithmetic. It’s a fire that won’t go away. And it’s a fire that’ll burn the whole state to the ground. Continue reading
How to Turn a Corporate Credit Crisis into a Currency Crisis
The mechanics of persistently falling yields (as yields move inversely to price) over several decades have also acted to inflate a massive bond bubble. The demand for corporate bonds come from a variety of sources. These mainly include foreign investors, investment funds (i.e. mutual funds, ETFs, and closed end funds), life insurance companies, and pension funds. Continue reading
In The Long Run We Are All Alive
The experience of Whiston, and his pseudoscience prophecy, shows that predictions of the end of the world come and go while people still remain. Sometimes the fallout of these predictions, and the foolishness they provoke, is limited. Other times the foolishness they provoke leads to catastrophe. Continue reading
Your Figuring Central Planners At Work
The central planners never hit their inflation targets. But, in spraying the economy with birdshot, they cause massive disruption. This aside, assuming the central planners at the Fed could target price inflation, what rate of inflation would they precisely pinpoint? Continue reading
