Tag Archives: interest rate

What Fed Chair Powell Forgot to Mention

Posted on March 23, 2018 by MN Gordon

What are the chances of Federal Reserve Chairman Jerome Powell being wrong?  The chances he’ll be wrong on the economy’s growth prospects, the direction of the federal funds rate, and inflation itself?  Our guess is his chances of being wrong … Continue reading →

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When Budget Deficits Will Really Go Vertical

Posted on February 16, 2018 by MN Gordon

United States Secretary of Treasury Steven Mnuchin has a sweet gig.  He writes rubber checks to pay the nation’s bills.  Yet, somehow, the rubber checks don’t bounce.  Instead, like magic, they clear. How this all works, considering the nation’s technically … Continue reading →

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As the Controlled Inflation Scheme Rolls On

Posted on January 12, 2018 by MN Gordon

American consumers are not only feeling good.  They’re feeling great.  They’re borrowing money – and spending it – like tomorrow will never come. On Monday the Federal Reserve released its latest report of consumer credit outstanding.  According to the Fed’s … Continue reading →

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An Open Letter to William Dudley

Posted on June 23, 2017 by MN Gordon

Dear Mr. Dudley, Your recent remarks in the wake of last week’s FOMC statement were notably unhelpful. In particular, your excuses for further rate hikes to prevent crashing unemployment and rising inflation stunk of rotten eggs. Crashing Unemployment Quite frankly, … Continue reading →

Posted in Economy, MN Gordon | Tagged , , , , | 11 Comments