Tag Archives: consumer debt

Debt and Destruction

Posted on August 25, 2023 by MN Gordon

Something’s off. And it’s making life downright unpleasant for a broad cross section of Americans. The average worker, after putting in his 40 hours a week, is coming up short. Cash outflow consistently exceeds cash inflow. Debits overwhelm credits. How could this be? Continue reading →

Posted in Inflation, MN Gordon | Tagged , , , , | 3 Comments

The Three Headed Debt Monster That’s Going to Rampage the Economy

Posted on June 9, 2017 by MN Gordon

“The bank is something more than men, I tell you.  It’s the monster.  Men made it, but they can’t control it.” – John Steinbeck, The Grapes of Wrath Mass Infusions of New Credit Something strange and somewhat senseless happened this … Continue reading →

Posted in Government Debt, MN Gordon | Tagged , , , , | 1 Comment

The Coming Debt Reckoning

Posted on May 5, 2017 by MN Gordon

American workers, as a whole, are facing a disagreeable disorder.  Their debt burdens are increasing.  Their incomes are stagnating. There are many reasons why.  In truth, it would take several large volumes to chronicle all of them.  But when you get down to … Continue reading →

Posted in Economy, MN Gordon | Tagged , , , , | 9 Comments

Total Abandonment of the Rules of Common Sense

Posted on February 21, 2014 by MN Gordon

U.S. consumers are doing what they do best.  After a six year hiatus, they’re back at it.  Consumers are eagerly borrowing money.  What’s more, they’re spending it! According to the Federal Reserve Bank of New York, U.S. consumer debt rose … Continue reading →

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