Tag Archives: bubble

Grantham’s ‘Real McCoy’ Bubble in a World Gone Mad

On June 17, billionaire investor and co-founder of the Boston-based money manager GMO, Jeremy Grantham, sounded the alarm. During a CNBC interview with Wilfred Frost, Grantham warned that the U.S. stock market’s rebound amid the coronavirus pandemic is a bubble that will end up hurting many investors. Continue reading

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The U.S. Government Will Inflate To The Bitter End

Without question, the student debt crisis is a disgrace. There are roughly 45 million student loan borrowers who owe on the order of $1.6 trillion. Most of this debt is from federal student loans. Continue reading

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

America’s Guaranteed Living Hell

One of the consequences of expansionary monetary intervention is that it distorts the relationship between financial markets and the underlying economy. Stimulus with the supposed intent of juicing the economy has the effect of juicing financial markets. Sometimes – like now – these inflationary policies have the effect of completely disconnecting the stock market from the economy. Continue reading

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Every Bubble Eventually Finds its Pin

The transfer of wealth from workers and savers to governments and big banks continued this week with Swiss-like precision. The process is both mechanical and subtle. Here in the USA the automated elegance of this ongoing operation receives little attention. Continue reading

Posted in MN Gordon, Stock Market | Tagged , , , , | 17 Comments