Tag Archives: federal reserve

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 , , , , | 12 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

Operation Break Stuff

Posted on October 21, 2022 by MN Gordon

Stagflation, sinking labor productivity, severe levels of public and private debt, a splintered real estate market… You name it. The economy’s crashing and burning like an old Cutlass Supreme. Continue reading →

Posted in Inflation, MN Gordon | Tagged , , , , | 26 Comments