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Category Archives: Politics
The Beginning of the End for the European Union
The European Central Bank initiated a new mass money debasement scheme yesterday. If you recall, this involves buying €60 billion ($66 billion) a month of European government bonds. Somehow this is supposed to improve the economy. No doubt, the European … Continue reading
Posted in MN Gordon, Politics
Tagged euro, european central bank, monetizing debt, negative yields, quantitative easing
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From Bad to Worse in a Big Way
Just when it appeared that a $50 per barrel floor had been put under the price of oil, something unexpected happened. The price of oil dropped over 2 percent to about $48.74 a barrel. What’s more, it could fall much, … Continue reading
Posted in MN Gordon, Politics
Tagged debt, federal reserve, government action, janet yellen, oil prices
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Dock Worker Shakedown and You
The fog was especially thick one morning last week. Visibility was greatly constrained. The fog horns bellowed in the darkest hour before dawn while we stirred from our splendid slumber. Here in Long Beach, the frenetic movement at the mammoth … Continue reading
Chasing the Wild Goose
Occurrences of rich irony are to be savored like fine wine. Each sip makes one feel smarter, younger, and wealthier too. So, too, they should not be wasted…lest they turn to vinegar. Today we pause a moment for appreciation. A … Continue reading
Posted in MN Gordon, Politics
Tagged davos, european central bank, swiss national bank, world economic forum, world improvers
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