Tag Archives: people’s bank of china

Getting to a Special State of Ugly

Posted on August 9, 2019 by MN Gordon

The world, circa 2019, is a fabricated reality. Debt, piled upon debt, piled upon debt, ad infinitum, has erected a financial order that’s at perilous odds with the underlying economy. Central bankers attempt to manipulate fake money and fake foreign exchange rates to keep the debt pile from cascading down. Continue reading →

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Significant Yuan Devaluation Imminent

Posted on December 1, 2015 by MN Gordon

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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Constructive Simplicity for China’s Communist Party Plenum

Posted on October 27, 2015 by MN Gordon

The People’s Bank of China cut benchmark interest rates by 0.25 percent on Friday.  This was the sixth time they’ve lowered interest rates within a year.  Bank reserve requirements were also reduced by 0.5 percent. Economic growth has gradually declined … Continue reading →

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The Fatal Dangers of a Fading Bull Market Run

Posted on August 14, 2015 by MN Gordon

It is too bad that mobile devices don’t set off a signal before their users do something terminally stupid.  Perhaps a warning alarm would help them change course.  Rather than texting and walking in front of a city bus, the … Continue reading →

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