Tag Archives: orange county bankruptcy

The Decline and Fall of a High Finance Wizard

Posted on June 24, 2022 by MN Gordon

Citron trusted his clairvoyance. He believed he knew what the Fed was going to do before the Fed even knew. His apparent acumen had garnered him the highest reputation. He was regard a wizard of high finance. Continue reading →

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Fifty Basis Points To Disaster

Posted on March 12, 2021 by MN Gordon

Fiscal stimulus, including the latest $1.9 trillion American Rescue Plan Act, is a terrible joke. And the means for financing it is a terrible fraud. A massive deficit, piled upon a mammoth debt, made possible by dollar debasement. Continue reading →

Posted in Economy, MN Gordon | Tagged , , , , | 52 Comments

Amplified Losses

Posted on September 11, 2015 by MN Gordon

Federal Open Market Committee meetings are always a spectacle.  The forthcoming FOMC meeting, scheduled for September 16 and 17, should be particularly endearing.  For despite the Fed’s claim to provide transparency the upcoming policy announcement is cloudier than pollywog stew. … Continue reading →

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