Tag Archives: business cycle

Honest Work for Dishonest Pay

Over the past decade, in the wake of the 2008-09 debt crisis, the impossible has happened.  The sickness of too much debt has been seemingly cured with massive dosages of even more debt.  This, no doubt, is evidence that there … Continue reading

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A Walk on the Wild Side

“Never play cards with a man called Doc.  Never eat at a place called Mom’s.  Never sleep with a woman whose troubles are worse than your own.” – Nelson Algren, A Walk on the Wild Side Fresh Fruit or Rotting … Continue reading

Posted in Economy, MN Gordon | Tagged , , , , | 1 Comment

How to Blow $12.2 Billion in No Time Flat

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

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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