Tag Archives: bank of japan

Less than Zero

Just when we thought we’d seen it all the impossible happened.  Earlier this week the 10-year Japanese government bond slipped into negative.  Obviously, it took decades of heavy handed intervention into credit markets to pull off such a feat. On … Continue reading

Posted in Government Debt, MN Gordon | Tagged , , , , | 1 Comment

China’s Exercise in Futility

At the moment, it appears the Chinese government has forestalled a full stock market meltdown.  To do so, the People’s Bank of China made direct purchases of stocks trading on the Shanghai Stock Exchange.  What type of chimera is this? … Continue reading

Posted in Government Debt, MN Gordon | Tagged , , , , | Leave a comment

Bear Witness to the Madness

Second-rate economic data is first-rate news for Wall Street these days.  We don’t quite comprehend the logic.  But the popular reasoning goes something like this… Good economic data is bad for stocks.  For it means the Fed will begin increasing … Continue reading

Posted in Economy, MN Gordon | Tagged , , , , , , | Leave a comment

The Sickness that Never Ends

It’s a wacky and wild world out there.  We don’t know what to make of it anymore.  The tried and true has disappeared from common circulation like pre-1965 quarter dollars.  What remains is a lot of claptrap. For example, we’ve … Continue reading

Posted in Inflation, MN Gordon | Tagged , , , , , | Leave a comment