Loathe for the Stimulus Era

Posted on November 13, 2020 by MN Gordon

The days in the northern hemisphere inch shorter.  The predawn darkness greets us as we step down our front stoop in the morning.  Nightfall welcomes us when we return in the evening.

Yet while the days inch shorter.  The stock market zigs and zags.  One day it’s fear.  The next day it’s greed.

When the week began, greed was the dominant emotion.  With President-elect Kamala Harris – by way of Uncle Joe and fake votes – poised to take Washington, anything and everything was possible.  Superimpose promises of a new coronavirus vaccine onto the outlook and the future had never been brighter.

On Monday, the Dow Jones Industrial Average (DJIA), once again, came within a scratch of 30,000.  On Wednesday, a barrel of WTI Crude Oil briefly topped $42.  Shares of Chevron were even in the green for two days in a row.  But that was all before fear took over.

People stuck their heads out of their bunkers.  They took a look around.  And what did they see? Continue reading →

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

America’s Recline and Flail Goes On

Posted on November 6, 2020 by MN Gordon

Ok, so, when your pally is a doorstep
Step over him and coat
When your mommy is a French press
In a café called no hope
Your belly aches
On benches where buses never go
Now tally up the misprints
And tell them told you so

– Tell Them Told You So, by Swingin’ Utters

The Worst Job In The World

Nothing’s shocking in 2020.  Not lockdowns.  Not pandemic hysteria.  And certainly not election chaos.  To the latter, it was expected all along.

At the time of this writing, and perhaps with the aid of fraud, it appears Kamala Harris will be the next President of the United States.  Here we’ll pause to offer a word of congratulations.  Well done, Ms. Harris.  You’ve just signed up for the worst job in the world.

No doubt, the rewards of being President, these days, are few and far between.  Just ask President Trump.  The work hours are terrible, the pay is far less than that of a corporate CEO, and you’re endlessly surrounded by shabby politicians. Continue reading →

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

Countdown To Chaos

Posted on October 30, 2020 by MN Gordon

On Wednesday, while the broad stock market was getting shellacked, and companies like Everbridge, Bed Bath & Beyond, and Dynatrace were suffering double digit freefalls, something else was going on.  Gold and silver were also getting shellacked.

But it wasn’t all crash and burn.  First Solar, Rolls-Royce Holdings, and CoreLogic all notched double digit gains.  The dollar, as measured by the dollar index, gold, silver, and most stocks, was also up.  And something else was up too…

Most investors likely didn’t notice that American firearm manufacturer Sturm, Ruger & Company managed to eke out a small return.  Why would they?  A return of 0.43 percent is nothing to write home about.

Nonetheless, we contend that Ruger’s modest gain in the face of a massive selloff is something that should get the attention of investors.  It’s something that should also get the attention of non-investors.  Guns are in high demand.  So is ammo.

Naturally, guns and ammo should be in high demand.  They are useful.  Sometimes they are especially useful.  And right now happens to be one of those times. Continue reading →

Posted in MN Gordon, Politics | Tagged , , , , | 17 Comments

Inflationism Has Overturned Society

Posted on October 23, 2020 by MN Gordon

Every now and again, when a sense of doom falls suddenly upon them, the bulls turn to bears.  That is to say, they turn from buying stocks to selling.  What is it that prompts them to panic?  What turns emotions so quickly from greed to fear?

The answers to these questions come a dime a dozen.  You can certainly dream up answers that are at least as good as anything professional analysts put forward.  The most convincing answers, whether true or not, are often those tied to current events.

For example, on Monday stocks sold off.  The Dow Jones Industrial Average (DJIA) dropped 410 points.  The popular rationale was that stocks sold off because of gridlock in Congress over passing a new stimulus bill.  On Tuesday the DJIA was up 113 points.  Apparently, this was because stimulus talks were back on.

But that was before Wednesday, when the DJIA dropped 97 points because the imminent stimulus agreement was still imminent.  Then, on Thursday, the DJIA jumped 152 points because stimulus talks were getting warmer. Continue reading →

Posted in Inflation, MN Gordon | Tagged , , , , | 21 Comments