Tag Archives: recession
The Wrath of Ray Kroc
If you’re concerned the economy may be slipping back into a recession…guess what? We’re already in one. At least that’s what Lakshman Achuthan, Co-Founder & Chief Operations Officer of Economic Cycle Research Institute (ECRI), told Bloomberg TV on Tuesday. “What … Continue reading
Posted in Economy, MN Gordon
Tagged bankruptcy, default, ray kroc, recession, san bernardino
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Lurching Back into the Vicious Cycle of Recession
Last Friday the Commerce Department announced that private sector wages and government benefits both fell in August. The combination of these two undesirable data points resulted in the first monthly decline in overall personal income since October 2009. What this … Continue reading
Posted in Economy, MN Gordon
Tagged 401K, federal reserve, interest rate, labor department, recession
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