Tag Archives: interest rate

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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Rigging the Price of Money on a Grand Scale

Posted on July 6, 2012 by MN Gordon

Some people earn their money by honest means.  Others do so at the expense of one another.  If you borrowed money from a bank between 2005 and 2009 to buy a house or car, to pay for school, or if … Continue reading →

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Money Games

Posted on June 22, 2012 by MN Gordon

After much anticipation and hoopla, Fed Chairman Bernanke made his post FOMC meeting utterances on Wednesday.  In short: No QE3, for now.  More Operation Twist. Markets didn’t know what to make of it.  Initially they rose on the announcement.  The … Continue reading →

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Stimulus and Spasmodic Economics

Posted on June 5, 2012 by MN Gordon

Nerves are fried.  Hands are shaky.  Triggers fingers are happy.  “Market’s need stimulus now!” screams the crowd. These days, it doesn’t take much selling to growl up a thunderous roar for help.  The DOW’s fallen 1,258 from its May 1 … Continue reading →

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