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Tag Archives: government action
Destroying the Retirement Dreams of a Generation
Stocks had a rough go of it yesterday. After recouping some of the day’s early losses the DOW ended the day with a 102 point loss. One headline said it was Europe’s fault. Another said it was Wal-Mart bribery in … Continue reading
Posted in Inflation, MN Gordon
Tagged bank of america, federal reserve, government action, interest rate, retirement, saving
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The Hell of Technocratic Prevarication
“…and the will of Zeus was moving toward its end.” – Homer, The Iliad Athens’ Burning The burden of being on top ultimately weighs a civilization down. Success is overreached. Advancement becomes unsustainable. Then, when everyone least expects it, something … Continue reading
Posted in Government Debt, MN Gordon
Tagged collapse, debt, default, euro, government action, greece
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Heating the Stove with Furniture
Several important economic data points from last month were revealed this week. Industrial production and the producer price index were reported on Wednesday. Then, yesterday, the consumer price index was reported. Here are the particulars… According to the Federal Reserve, … Continue reading
Posted in Inflation, MN Gordon
Tagged ben bernanke, business cycle, consumer price index, federal reserve, government action
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In Defense of Government Fraud
For aging baby boomers, and their retirement accounts, the stock market over the past decade has been a severe disappointment. Many will have to work longer, for a retirement lifestyle dramatically compromised from what they were expecting. Some will not … Continue reading