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Category Archives: Stock Market
Visions of Tomorrow from the Permanently High Plateau
Somewhere, someone first said “bull markets don’t die of old age.” We suppose this throwaway phrase was first uttered in a time and place much like today. That is, in the midst of a protracted bull market where stock prices … Continue reading
Posted in MN Gordon, Stock Market
Tagged collapse, crash of 1929, irving fisher, pe ratio, S&P500
2 Comments
More Signs the End is Nigh
“What has been will be again, what has been done will be done again; there is nothing new under the sun,” explained Solomon in Ecclesiastes, nearly 3,000 years ago. Perhaps the advent of negative yielding debt would have been cause … Continue reading
Posted in MN Gordon, Stock Market
Tagged currency, DOW, mania, monetizing debt, negative interest rates
9 Comments
Destination Mars
One of the more preposterous deeds of modern central banking involves creating digital monetary credits from nothing and then using the faux money to purchase stocks. If you’re unfamiliar with this erudite form of monetary policy this may sound rather … Continue reading
Posted in MN Gordon, Stock Market
Tagged bank of japan, collapse, european central bank, monetizing debt, S&P500, wealth effect
12 Comments
How Capital is Allocated in 2016
Distilling down and projecting out the economy’s limitless spectrum of interrelationships is near impossible to do with any regular accuracy. The inputs are too vast. The relationships are too erratic. Quite frankly, keeping tabs on it all is beyond human … Continue reading
Posted in MN Gordon, Stock Market
Tagged dollar, government meddling, janet yellen, jobs, S&P500
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