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Tag Archives: debt
How Faux Capitalism Works in America
The 2008 financial crisis helped clarify how faux capitalism works in America. That when the big corporations and the big banks get in trouble, the people on top quickly absolve culpability while appropriating public funds from their friends at the Treasury for the purpose of private bailouts. This, in effect, socializes the losses across bottom rungs of society and concentrates profits across the top. Continue reading
The Intolerable Scourge of Fake Capitalism
All is now bustle and hubbub in the late months of the year. This goes for the stock market too. If you recall, on September 22nd the S&P 500 hit an all-time high of 2,940. This was nearly 100 points … Continue reading
Posted in MN Gordon, Politics
Tagged debt, fake capitalism, junk bonds, S&P500, self-cannibalism
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Choking On the Salt of Debt
Roughly three years ago, after traversing between Los Angeles and San Francisco via the expansive San Joaquin Valley, we penned the article, Salting the Economy to Death. At the time, the monetary order was approach peak ZIRP. We found the … Continue reading
Posted in Government Debt, MN Gordon
Tagged agriculture, cadillac desert, debt, san joaquin valley, treasuries
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Thirteen Reckonings Hanging in the Balance
The NASDAQ slipped below 8,000 this week. But you can table your reservations. The record bull market in U.S. stocks is still on. With a little imagination, and the assistance of crude chart projections, DOW 40,000 could be eclipsed by … Continue reading
Posted in Economy, MN Gordon
Tagged collapse, debt, default, DOW, financial reckoning, government meddling
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