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Tag Archives: debt ceiling
Apocalyptic Revelations and Other Fictions of Government
Are you ready? Something remarkable could happen within the next few days. In fact, this Friday, if Congress doesn’t take action, we’ll all have the extraordinary opportunity to experience something that rarely occurs… Apocalypse! No kidding… President Obama even says … Continue reading
Posted in MN Gordon, Stock Market
Tagged bubble, budget sequestration, congress, debt, debt ceiling, fiscal cliff
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How to Erase the Federal Debt and Other Bad Ideas
The world is rife with bad ideas. Just open your eyes and look around. Hardly a blink can be made without some bad idea coming into view. What’s more, the worse the idea…the more popular it becomes. Here’s a partial … Continue reading
Posted in Government Debt, MN Gordon
Tagged china, congress, currency, debt, debt ceiling, default, dollar, john maynard keynes
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The Greatest Show On Earth
Things are getting interesting. Last week, for instance, markets offered up both a rich comedy and tragedy above any story a Hollywood screenwriter could imagine. The comedy, of course, was the Facebook IPO flop. The tragedy, fittingly, was courtesy of … Continue reading
Posted in Government Debt, MN Gordon
Tagged business cycle, debt, debt ceiling, euro, european central bank, GDP
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The Fate of Markets
How quickly things change. Several weeks ago stock market investors were riding high. On the first day of the month, the DOW finished the day at 13,279…its highest close since December 2007. It was just a matter of time – … Continue reading
Posted in Government Debt, MN Gordon
Tagged currency, debt, debt ceiling, dollar, DOW, federal reserve, interest rate, monetizing debt, treasuries
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