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Tag Archives: default
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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The Joy of Going for Broke
One of the fabulous familiarities of living in a fading society is that not a day goes by where something utterly flabbergasting doesn’t occur. We don’t like it, of course. But who are we to stand in the way of … Continue reading
Posted in Government Debt, MN Gordon
Tagged collapse, debt, default, food stamps, government action
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The High Point of China’s Economic Boom
Sometime in the early 1980s, goes the popular lore, Chinese leader Deng Xiaoping looked out across the vast people’s communes and pronounced, “To get rich is glorious.” Suddenly, without hesitation, the people put down their rakes, walked off the farm … Continue reading
Market Moves Ahead Should be Good for Gold, Bad for the US Dollar
Market Moves Ahead Should be Good for Gold, Bad for the US Dollar By John Williams, Shadowstats Nothing is normal: not the economy, not the financial system, not the financial markets and not the political system. The financial system still … Continue reading
Posted in Inflation, John Williams
Tagged ben bernanke, bubble, default, dollar, GDP, government meddling, monetizing debt, QE3
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