Tag Archives: currency

Gold Shines Bright

Posted on November 25, 2022 by MN Gordon

The mighty U.S. dollar spent a good part of the year beating up on other currencies. From January to mid-October, the dollar rose 13 percent against the euro, 22 percent against the Japanese yen, and 6 percent against emerging market currencies. Continue reading →

Posted in Economy, MN Gordon | Tagged , , , , | 15 Comments

Is It Game Over For Washington Checkers Players?

Posted on April 15, 2022 by MN Gordon

The United States and Western Europe are playing checkers. Russia and China are playing chess. This mismatch is grossly evidenced by the recent salvos in the financial warfare being waged between NATO allies and the burgeoning Sino-Russian alliance.
Continue reading →

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

Pre-2020 Prices are Gone Forever

Posted on November 12, 2021 by MN Gordon

Price inflation is completely out of hand. You know this. Your dog knows it too. Still, President Joe Biden wants you to believe he’s got it all under control. Last month, for example, White House Press Secretary Jen Psaki insisted inflation is decreasing. What a crock! Continue reading →

Posted in Inflation, MN Gordon | Tagged , , , , | 63 Comments

How to Turn a Corporate Credit Crisis into a Currency Crisis

Posted on September 4, 2020 by MN Gordon

The mechanics of persistently falling yields (as yields move inversely to price) over several decades have also acted to inflate a massive bond bubble. The demand for corporate bonds come from a variety of sources. These mainly include foreign investors, investment funds (i.e. mutual funds, ETFs, and closed end funds), life insurance companies, and pension funds. Continue reading →

Posted in Government Debt, MN Gordon | Tagged , , , , | 12 Comments