Tag Archives: interest rate

Divided We Stand United We Fall

Posted on December 2, 2011 by MN Gordon

By the time the Vandals sacked Rome in A.D. 455 the empire of the Caesars had already receded from Western Europe.  Over several decades the vast territories of Britannia, Hispania, Gallia, and Italia gave way, piecemeal, to barbarians until imperial … Continue reading →

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Warning Signs of a Financial Vesuvius

Posted on November 4, 2011 by MN Gordon

The Day Mount Vesuvius Blew “Injustice, swift, erect, and unconfin’d, Sweeps the wide earth, and tramples o’er mankind” – Homer, The Iliad Everything was just the way it was supposed to be in Pompeii on August 24, 79 A.D.  The … Continue reading →

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Bringing About Our Own Special Misery

Posted on October 28, 2011 by MN Gordon

Consumer confidence laid a rotten egg in October.  The Conference Board’s index of consumer sentiment was reported Wednesday at 39.8…its lowest reading since March of 2009.  To put this in perspective, during a robust economy, consumer confidence readings are at … Continue reading →

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Lurching Back into the Vicious Cycle of Recession

Posted on October 4, 2011 by MN Gordon

Last Friday the Commerce Department announced that private sector wages and government benefits both fell in August.  The combination of these two undesirable data points resulted in the first monthly decline in overall personal income since October 2009. What this … Continue reading →

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