Tag Archives: business cycle

Consumers Don’t Stand a Chance

Posted on October 17, 2014 by MN Gordon

Most economists don’t do any favors for the esteem of their trade.  They take ideas a third grader would know are idiotic and champion them with bluster and bravado.  Hardly a day goes by where some economist doesn’t prove he’s … Continue reading →

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Dirty Investing

Posted on July 15, 2014 by MN Gordon

Temperatures in Brisbane, Australia, fell to their lowest level in 103 years.  On June 27, temperatures dropped all the way to 36o F.  The average for this time of year is 53o F. Here in the United States summer’s in … Continue reading →

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Economic Blasphemy

Posted on June 3, 2014 by MN Gordon

Last week the Bureau of Economic Analysis made a revision.  You may have heard about it.  According to the government statisticians, first quarter GDP didn’t decline at an annual rate of 0.1 percent as previously estimated. Actually, when they re-counted … Continue reading →

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Peddling Loans and Lies to Kids

Posted on April 25, 2014 by MN Gordon

There’s nothing like an abundant flow of money and credit to push prices out of whack.  Borrowing from tomorrow to buy today has the effect of boosting demand.  Prices must rise to equilibrate the boost in demand. But prices can … Continue reading →

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