Tag Archives: federal reserve

Helping the World Ruin Itself

Posted on September 14, 2012 by MN Gordon

“Iacta alea est.” – Suetonius to Julius Caesar, upon crossing the Rubicon, January 10, 49 BC Yielding to Political Will Yesterday brought forth new evidence that man, despite his better judgment, will nearly always yield to political will.  Several months … Continue reading →

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

Within the Vice-like Grip of the Secular Bear

Posted on September 11, 2012 by MN Gordon

The Labor Department released the August jobs report last Friday.  The median estimate of economists surveyed by Bloomberg was for a gain of 130,000 jobs.  The actual number of new jobs created was just 96,000. This means several things.  First … Continue reading →

Posted in MN Gordon, Stock Market | Tagged , , , , , | 1 Comment

The Clever Fellows of Jackson Hole

Posted on August 31, 2012 by MN Gordon

The cony-catchers assembling in Jackson Hole, Wyoming, believe the darnedest things.  They think they can decide the price of the economy’s most important component – its money – better than the market can.  Moreover, by low-balling the price of money … Continue reading →

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The Fed’s Hands are Tied, For Now

Posted on August 21, 2012 by MN Gordon

The stock market’s on a six week win streak.  What’s more, from June 4 through last Friday the DOW’s up 9.7-percent.  Can you believe it? We thought the stock market would meltdown this summer like Charlie Sheen following a weekend … Continue reading →

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