Tag Archives: international monetary fund

Work is for Idiots

The International Monetary Fund reported an unpleasant outlook for the U.S. economy on Wednesday.  The IMF, as part of its annual review, believes the U.S. economic model isn’t working as well as it could to generate shared income growth. On … Continue reading

Posted in Inflation, MN Gordon | Tagged , , , , , | 2 Comments

Doomed for Failure

We’ve been waiting for the U.S. economy to reach escape velocity for the last six years. What we mean is we’ve been waiting for the economy to finally becomes self-stimulating and no longer require monetary or fiscal stimulus to keep … Continue reading

Posted in Economy, MN Gordon | Tagged , , , , | 8 Comments

Significant Yuan Devaluation Imminent

The Department of Commerce reported last week that U.S. gross domestic product grew at a 2.1 percent annual rate during the third quarter, not the 1.5 percent rate previously stated.  Apparently, private inventory investment was greater than initially estimated.  Nonetheless, … Continue reading

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Cynics and the Big Fat Greek Default

“Crito, we owe a rooster to Asclepius.  Please don’t forget to pay the debt,” were the final words of Socrates.  He uttered them shortly after downing poison hemlock in 399 BC, in fulfillment of his death sentence for corrupting the … Continue reading

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