Tag Archives: federal reserve

Adventures in Quantitative Tightening

Posted on July 14, 2017 by MN Gordon

All remaining doubts concerning the place the U.S. economy, and its tangled web of international credits and debts, is headed were clarified this week.  On Monday, Mark Yusko, CIO of Morgan Creek Capital Management, told CNBC that: “…we’re flowing toward … Continue reading →

Posted in Economy, MN Gordon | Tagged , , , , | 1 Comment

Tales from the FOMC Underground

Posted on July 7, 2017 by MN Gordon

Many of today’s economic troubles are due to a fantastic guess.  That the wealth effect of inflated asset prices would stimulate demand in the economy. The premise, as we understand it, was that as stock portfolios bubbled up investors would … Continue reading →

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Work is for Idiots

Posted on June 30, 2017 by MN Gordon

The International Monetary Fund reported an unpleasant outlook for the U.S. economy on Wednesday.  The IMF, as part of its annual review, believes the U.S. economic model isn’t working as well as it could to generate shared income growth. On … Continue reading →

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

An Open Letter to William Dudley

Posted on June 23, 2017 by MN Gordon

Dear Mr. Dudley, Your recent remarks in the wake of last week’s FOMC statement were notably unhelpful. In particular, your excuses for further rate hikes to prevent crashing unemployment and rising inflation stunk of rotten eggs. Crashing Unemployment Quite frankly, … Continue reading →

Posted in Economy, MN Gordon | Tagged , , , , | 11 Comments