Tag Archives: debt

An Absolute Disaster?

Posted on July 8, 2014 by MN Gordon

Last Thursday the DOW surpassed 17,000 for the first time ever.  What a marvelous achievement.  The combined forces of mass money creation and speculative fervor have bid up the market to levels a person of sound mind and honest intentions … Continue reading →

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The Paradox of Fed Credit

Posted on June 24, 2014 by MN Gordon

Last Tuesday the Bureau of Labor Statistics reported the Consumer Price Index increased 0.4 percent in May and 2.1 percent over the last 12 months.  That means if you didn’t get a 2 percent raise this year you’re doing worse … Continue reading →

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Cause and Effect of a Broken Market

Posted on June 13, 2014 by MN Gordon

According to the professionals, the economy’s improving.  Can you believe it?  Despite the fact that first quarter GDP declined at an annual rate of 1 percent, economists are coming up with the darnedest reason why things are getting better. “Late … Continue reading →

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Economic Blasphemy

Posted on June 3, 2014 by MN Gordon

Last week the Bureau of Economic Analysis made a revision.  You may have heard about it.  According to the government statisticians, first quarter GDP didn’t decline at an annual rate of 0.1 percent as previously estimated. Actually, when they re-counted … Continue reading →

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