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Tag Archives: collapse
Destination Mars
One of the more preposterous deeds of modern central banking involves creating digital monetary credits from nothing and then using the faux money to purchase stocks. If you’re unfamiliar with this erudite form of monetary policy this may sound rather … Continue reading
Posted in MN Gordon, Stock Market
Tagged bank of japan, collapse, european central bank, monetizing debt, S&P500, wealth effect
12 Comments
Quitting the Cucumber Affair
Vince Lombardi, the famous American football coach, once said, “Winners never quit and quitters never win.” Maybe he meant that winners overcome obstacles to reach their goals while quitters give up and fall short…or something to that effect. Certainly, this … Continue reading
Earthquake Economics
“The United States of America, right now, has the strongest, most durable economy in the world,” said President Obama, in his State of the Union address, on Tuesday night. What performance metrics he based his assertion on is unclear. But … Continue reading
Posted in Inflation, MN Gordon
Tagged bubble, business cycle, collapse, consumer price index, quantity of money
1 Comment
All Bets Are Off
Stock markets across the planet gazed out across the economic landscape yesterday and vomited all over themselves. After that, they convulsed and dry heaved again and again. For the global economic disfiguration has grown so grotesque, so awesomely awful, that … Continue reading
Posted in MN Gordon, Stock Market
Tagged collapse, DOW, Nikkei 225, shanghai composite index, stock market crash
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