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Tag Archives: debt
How American Government’s Supposed to Work
It appears things are finally reversing course. After years of expanding, the bull market in government may have finally hit an inflection point. This is great news. For a reduction in the size of government compared to the overall economy … Continue reading
Posted in Government Debt, MN Gordon
Tagged congress, debt, debt ceiling, government action, government shutdown, obamacare
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Committed to Mass Public Spending
Yesterday President Obama said a government shutdown “would throw a wrench into the gears of our economy.” Here at the Economic Prism we say, “Bring it on.” For a wrench caught in the gears is just what’s needed…especially if the … Continue reading
Posted in Government Debt, MN Gordon
Tagged congress, debt, debt ceiling, default, dollar, government action, saving, treasuries
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End Stimulus Now!
A dreary jobs market, stagnant GDP, declining household income, falling wages, workforce reduction, anemic production… You name it. The economy’s clunking down the road like an old Cutlass Supreme. No matter what fixes are made, the thing can’t seem to … Continue reading
Posted in Government Debt, MN Gordon
Tagged business cycle, collapse, congress, debt, default, monetizing debt
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Stock Market Shangri-La
The big news early in the week was that Larry Summers – the man so smart he lost hot breakfasts for Harvard and $2 billion of the university’s operating funds – withdrew his name from consideration for the next Federal … Continue reading
Posted in MN Gordon, Stock Market
Tagged ben bernanke, debt, monetizing debt, QE3, S&P500, treasuries
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