Tag Archives: jerome powell

In The Long Run We Are All Alive

Posted on August 28, 2020 by MN Gordon

The experience of Whiston, and his pseudoscience prophecy, shows that predictions of the end of the world come and go while people still remain. Sometimes the fallout of these predictions, and the foolishness they provoke, is limited. Other times the foolishness they provoke leads to catastrophe. Continue reading →

Posted in Inflation, MN Gordon | Tagged , , , , | 19 Comments

Your Figuring Central Planners At Work

Posted on August 21, 2020 by MN Gordon

The central planners never hit their inflation targets. But, in spraying the economy with birdshot, they cause massive disruption. This aside, assuming the central planners at the Fed could target price inflation, what rate of inflation would they precisely pinpoint? Continue reading →

Posted in Economy, MN Gordon | Tagged , , , , | 17 Comments

America’s Guaranteed Living Hell

Posted on June 19, 2020 by MN Gordon

One of the consequences of expansionary monetary intervention is that it distorts the relationship between financial markets and the underlying economy. Stimulus with the supposed intent of juicing the economy has the effect of juicing financial markets. Sometimes – like now – these inflationary policies have the effect of completely disconnecting the stock market from the economy. Continue reading →

Posted in Inflation, MN Gordon | Tagged , , , , | 3 Comments

Should You Buy the Dip?

Posted on June 12, 2020 by MN Gordon

Something remarkable happened yesterday [Thursday]. Stocks didn’t go up. They went down…and they went down a lot. The S&P 500 dumped 5.89 percent. But that was nothing. Gannett Co. crashed 29.5 percent, Noble Corporation plunged 25.51 percent, and Denbury Resources dropped 23.65 percent. Should you buy the dip? Continue reading →

Posted in MN Gordon, Stock Market | Tagged , , , , | 11 Comments