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Gold Price (Dollars per Oz)
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Tag Archives: federal reserve
The Dollar Is Dying
This week, while perusing the Federal Reserve’s balance sheet figures, we came across a rather curious note. We don’t know how long the Fed’s had this note posted to its website. But we can’t recall ever seeing it. Continue reading
Posted in Inflation, MN Gordon
Tagged balance sheet, federal reserve, monetary policy, monetizing debt, treasuries
17 Comments
Game Over Spending
Second quarter 2020 came and went like a California wildfire. The economic devastation caused by the government lockdowns was swift, the destruction immense, and the damage lasting. But, nonetheless, in Q2, the major U.S. stock market indices rallied at a record pace. Continue reading
Posted in Government Debt, MN Gordon
Tagged currency, debt, dollar, federal reserve, gold, treasury
21 Comments
America’s Guaranteed Living Hell
One of the consequences of expansionary monetary intervention is that it distorts the relationship between financial markets and the underlying economy. Stimulus with the supposed intent of juicing the economy has the effect of juicing financial markets. Sometimes – like now – these inflationary policies have the effect of completely disconnecting the stock market from the economy. Continue reading
Posted in Inflation, MN Gordon
Tagged bubble, collapse, federal reserve, jerome powell, olive oatman
3 Comments
Your 12-Point Great Depression II Survival Guide
And just like that – after a magnificent 11 year run – the bull market in U.S. stocks is dead. From its peak close of 29,551 on February 12 through yesterday’s [Thursday] close of 21,200, the Dow Jones Industrial Average (DJIA) has dropped over 28 percent – in just 30 days! RIP. Continue reading
Posted in Economy, MN Gordon
Tagged bear market, bull market, federal reserve, great depression ii, survival guide
19 Comments
