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Category Archives: Politics
Occupy Wall Street Redux
Borrowing short and lending long works mostly well most of the time. This is how modern banking works. You may be a customer at a bank. But you also supply the product. Continue reading
Posted in MN Gordon, Politics
Tagged 2008 financial crisis, bank bailout, credit-anstalt, occupy wall street, silicon valley bank
26 Comments
Cross Road Blues in the Time of Biden
When Robert Johnson fell to his knees at the crossroad and asked the Lord for mercy and salvation he’d already made his deal with the Devil. In exchange for his soul, Johnson could sing and play the soulful sweet-sounding blues that made him famous. Continue reading
Posted in MN Gordon, Politics
Tagged cross road blues, deal with the devil, federal reserve, joe biden, robert johnson, woodrow wilson
5 Comments
Mission Accomplished?
About the time the most trusted man in America, Walter Cronkite, signed off from the CBS Evening News for the last time, something momentous happened in the U.S. credit market. Few people, apart from Bill Gross and A. Gary Shilling, understood what was going on. Continue reading
Posted in MN Gordon, Politics
Tagged consumer price index, debt, interest rate, jerome powell, treasuries
23 Comments
Are You the Collateral Damage of Central Planners?
The Conference Board – a nonprofit think tank that delivers cutting edge research – recently published its latest Leading Economic Index (LEI) for the United States. The findings were a giant bummer. In December, the LEI dropped for the tenth consecutive month. Continue reading
Posted in MN Gordon, Politics
Tagged business cycle, central planning, collapse, debt, federal reserve
25 Comments