Tag Archives: business cycle

How to Blow $12.2 Billion in No Time Flat

Posted on March 9, 2018 by MN Gordon

One month ago we asked: What kind of stock market purge is this?  Over the last 30 days the stock market’s offered plenty of fake responses.  Yet we’re still waiting for a clear answer. The stock market, like the President, … Continue reading →

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Broken Promises

Posted on March 2, 2018 by MN Gordon

Consumer debt, corporate debt, and government debt are all going up.  But that’s not all.  Margin debt – debt that investors borrow against their portfolio to buy more stocks – has hit a record of $642.8 billion.  What in the … Continue reading →

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When Budget Deficits Will Really Go Vertical

Posted on February 16, 2018 by MN Gordon

United States Secretary of Treasury Steven Mnuchin has a sweet gig.  He writes rubber checks to pay the nation’s bills.  Yet, somehow, the rubber checks don’t bounce.  Instead, like magic, they clear. How this all works, considering the nation’s technically … Continue reading →

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Why Monetary Policy Will Cancel Out Fiscal Policy

Posted on December 22, 2017 by MN Gordon

Good cheer has arrived at precisely the perfect moment.  You can really see it.  Record stock prices, stout economic growth, and a GOP tax reform bill to boot.  Has there ever been a more flawless week leading up to Christmas? … Continue reading →

Posted in Government Debt, MN Gordon | Tagged , , , , | 7 Comments