Did You Make Janet Yellen Rich?

Posted on February 5, 2021 by MN Gordon

Up until the WallStreetBets crowd short squeezed Melvin Capital for a $7 billion loss, Robinhood had it made.  But losing billions is stressful.  And when your product blows up your customer the clucking that follows comes hot and heavy.

One of the sweetest displays in the world, we’ve been told, is the bursts of digital confetti that shower down Robinhood’s investment app to celebrate the purchase of stocks, options, and cryptocurrencies.  These digital confetti bursts – in addition to spinning prices and scratch off rewards – are great entertainment.  So, too, is watching the price of bitcoin quoted in neon pink.  It just screams buy!

Trading on Robinhood is designed to be both fun and exciting.  There are even freebie alerts.  It’s like playing Candy Crush.  Only the score is kept in dollars and cents.  And with a little practice you can strike it rich.

The clucking for Robinhood CEO, Vlad Tenev, began on Thursday, January 28, at 3:30 am Pacific Time.  That’s when the National Securities Clearing Corporation (NSCC) informed his company that it had to put up $3 billion. Continue reading →

Posted in MN Gordon, Stock Market | Tagged , , , , , | 13 Comments

Has Joe Biden Lost His Mind?

Posted on January 29, 2021 by MN Gordon

Are you an accidental dependent of Washington?  Many people are.  And many people don’t even realize it.

Systems of elaborate folly have been erected with the most impossible of promises.  That wealth can be created without production.  That stimmy checks can be paid without taxes.  That everyone can get free solar power at the expense of their neighbors.

Central to these promises are the central government and central planning authorities.  They promise ease and comfort and, in return, they make you a dependent.  They promise a secure retirement, and free drugs, while running a scheme that’s beyond Charles Ponzi’s wildest dreams.

Social Security, no doubt, is a tempting idea.  The government confiscates part of your paycheck every two weeks.  Then, in return, and after putting in 45 years, your retirement is subsidized.  You can enjoy your golden years in comfort. Continue reading →

Posted in Government Debt, MN Gordon | Tagged , , , , | 26 Comments

When Boom Turns Into Crack-Up Boom

Posted on January 22, 2021 by MN Gordon

Slow Joe Biden’s moving fast.  His parade of remarkable measures is marching in double time.  On Day 1 alone, the new President of the USA signed 15 executive orders and 2 executive agency directives.  Surely, he got writer’s cramp.  Here’s a partial summary of what all was covered…

By executive order, President Biden promises to save the environment by rejoining the Paris climate accord.  He also promises to weaken America’s energy security by terminating the Keystone XL pipeline.

In addition, Biden’s getting America mixed up with the World Health Organization again.  And to keep you safe, he’s ordered one hundred days of masking.

Biden’s a job creator too.  One of his orders established a position called the COVID-19 response coordinator.  We imagine the job has excellent benefits.

There’s also good news if you can’t pay your rent or mortgage.  Biden’s extended the moratorium on evictions and foreclosures until March 31, possibly longer.  And if you can’t pay back your student loans…no worries.  Biden’s extended the hold on student loan payments until at least September 30. Continue reading →

Posted in Economy, MN Gordon | Tagged , , , , | 27 Comments

Fruits Of Inflation Are Blossoming

Posted on January 15, 2021 by MN Gordon

Donald Trump got impeached – again – this week.  Big whoop!

We already knew the House of Representatives at the 117th Congress is the greatest collection of political crooks, lowlifes, and losers to ever assemble under one roof.  We didn’t need a token impeachment vote to validate this.

More importantly, President-elect Biden’s proposed $1,400 “stimmy” checks (i.e. stimulus checks).  The amount is a “topping up” of the $600 “stimmy” approved by Congress in December.  Together, these total the $2,000 “stimmy” promised to voters.

Naturally, Biden’s fulfilling the dream of America’s central planners.  You know the plan by now.  Lockdown the economy, bankrupt small businesses, and then stimulate consumer demand with fake money.  As easy as one, two, three, the central planners took control of the population, the economy, and financial markets.

The global pandemic, no doubt, provided the perfect cover to meddle in the lives of millions.  Here in LA County, health officials are now advising people to wear masks at home.  It’s part of a brand new plan (dated January 11, 2021): Los Angeles County Responds: Confronting COVID-19. Continue reading →

Posted in Inflation, MN Gordon | Tagged , , , , | 20 Comments