Tag Archives: default

Gold Shines Bright

The mighty U.S. dollar spent a good part of the year beating up on other currencies. From January to mid-October, the dollar rose 13 percent against the euro, 22 percent against the Japanese yen, and 6 percent against emerging market currencies. Continue reading

Posted in Economy, MN Gordon | Tagged , , , , | 15 Comments

Death to Zombies

Rising interest rates, no doubt, bring death to zombies. By zombies, we’re referring to those companies in the second camp that would have died long ago, if not for the sustenance of artificially suppressed cheap credit. Continue reading

Posted in Inflation, MN Gordon | Tagged , , , , | 23 Comments

Are You Ready for the Coming U.S. Government Default?

The popular American myth is that the U.S. government has never defaulted on its debt. Quite frankly, that’s an unadulterated lie. The U.S. government has (unofficially) defaulted on its debt twice within the last hundred years. Continue reading

Posted in Government Debt, MN Gordon | Tagged , , , , | 32 Comments

Countdown to U.S. Government Default

The popular American myth is that the U.S. government has never defaulted on its debt. Quite frankly, that’s unadulterated hogwash. The U.S. government has (unofficially) defaulted on its debt twice within the last hundred years. Continue reading

Posted in Government Debt, MN Gordon | Tagged , , , , | 56 Comments