Tag Archives: interest rate

What You Are Up Against

Posted on September 18, 2012 by MN Gordon

The Bureau of Labor Statistics reported last Friday that consumer prices increased 0.6 percent in August.  Over the last 12 months, according to the BLS, consumer prices increased 1.7 percent.  Nonetheless, if you’ve paid bills or bought anything lately you … Continue reading →

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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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