Tag Archives: debt

What Fed Chair Powell Forgot to Mention

Posted on March 23, 2018 by MN Gordon

What are the chances of Federal Reserve Chairman Jerome Powell being wrong?  The chances he’ll be wrong on the economy’s growth prospects, the direction of the federal funds rate, and inflation itself?  Our guess is his chances of being wrong … Continue reading →

Posted in Government Debt, MN Gordon | Tagged , , , , , | Leave a comment

Broken Promises

Posted on March 2, 2018 by MN Gordon

Consumer debt, corporate debt, and government debt are all going up.  But that’s not all.  Margin debt – debt that investors borrow against their portfolio to buy more stocks – has hit a record of $642.8 billion.  What in the … Continue reading →

Posted in Government Debt, MN Gordon | Tagged , , , , , | Leave a comment

When Budget Deficits Will Really Go Vertical

Posted on February 16, 2018 by MN Gordon

United States Secretary of Treasury Steven Mnuchin has a sweet gig.  He writes rubber checks to pay the nation’s bills.  Yet, somehow, the rubber checks don’t bounce.  Instead, like magic, they clear. How this all works, considering the nation’s technically … Continue reading →

Posted in Government Debt, MN Gordon | Tagged , , , , , | 130 Comments

As the Controlled Inflation Scheme Rolls On

Posted on January 12, 2018 by MN Gordon

American consumers are not only feeling good.  They’re feeling great.  They’re borrowing money – and spending it – like tomorrow will never come. On Monday the Federal Reserve released its latest report of consumer credit outstanding.  According to the Fed’s … Continue reading →

Posted in Inflation, MN Gordon | Tagged , , , , | 8 Comments