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Tag Archives: government action
Congressional Super Committee Farce
Shortly after the opening bell on Wednesday, the price of oil topped $100 per barrel…a 26 percent increase in less than two months. What gives? The Associated Press tells us it was the Labor Department’s Wednesday report, that consumer prices … Continue reading
Posted in Government Debt, MN Gordon
Tagged consumer price index, debt, government action, labor department, oil prices
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Making the Impossible Possible
This week brought new evidence, not necessarily that the stock market efficiently allocates capital to its most productive use, but that it effectively separates fools from their money. The fool gives…Wall Street takes away. In other words, the house always … Continue reading
Posted in MN Gordon, Stock Market
Tagged business cycle, consumer price index, federal reserve, government action, S&P500
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The Way Out of Our Economic Mess
Something big is going on. You can just feel it. Unfortunately, the world’s two biggest clowns are on the case. On Monday, in between Wall Street’s 33 percent markdown of American Airlines’ stock, President Obama took a moment to markdown … Continue reading
Posted in Economy, Terry Coxon
Tagged ben bernanke, default, federal reserve, government action, jobs, retirement
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Change We Can Believe In: Soak the Rich
Sometime in early 1848 French poet Alphonse de Lamartine had a change of appetite. For whatever reason, he no longer took to gobbling up frog legs but to gobbling up the new, forward thinking, ideas of the day. It all … Continue reading
Posted in MN Gordon, Politics
Tagged freedom, government action, government meddling, liberty, private property, thinking
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