Tag Archives: dow 27000

Fed Chair Powell’s Plan to Pickle the Economy

Once a cucumber becomes a pickle it can never be a cucumber again. Indeed, financial markets have been pickled over to no end. What’s more, Fed Chair Powell’s efforts to unpickle QE were met with howls from the President, Wall Street, and Larry Kudlow. Continue reading

Posted in Economy, MN Gordon | Tagged , , , , | 2 Comments

The Ugly End of Globalization

About this time, something even more historic happened.  Roughly one billion Chinese workers, who were willing to work for less than peanuts, joined the global workforce.  As a result, the U.S. was able to export its inflation – and jobs – to China and other emerging economies over the next three decades. Continue reading

Posted in Inflation, MN Gordon | Tagged , , , , | 25 Comments