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Tag Archives: orange county bankruptcy
Fifty Basis Points To Disaster
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 federal reserve, fiscal stimulus, monetizing debt, orange county bankruptcy, robert citron
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Amplified Losses
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
Posted in Economy, MN Gordon
Tagged federal reserve, interest rates, janet yellen, orange county bankruptcy, robert citron
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