Tag Archives: consumer debt

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

“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

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

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

Posted in Inflation, MN Gordon | Tagged , , , , , | Leave a comment

What’s Really Propelling the Stock Market Higher

Consumers are back at it…doing what they do best.  They’re buying stuff and they’re consuming it.  Moreover, they’re doing so at an accelerating rate. The Commerce Department reported on Wednesday that retail sales increased 1.1 percent in February, the largest … Continue reading

Posted in MN Gordon, Stock Market | Tagged , , , , , | Leave a comment