Tag Archives: default

Gold Shines Bright

Posted on November 25, 2022 by MN Gordon

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

Posted on November 11, 2022 by MN Gordon

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?

Posted on November 4, 2022 by MN Gordon

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

Posted on April 1, 2022 by MN Gordon

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