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Tag Archives: retirement
Facing the Facts of Financial Doom
Our politicians’ appetite to spend money they don’t have will never be satisfied. There’s always a boondoggle or meritless program in need of pork. Likewise, there’s always a politician or representative in need of votes. Spending other people’s money brings … Continue reading
Posted in Government Debt, MN Gordon
Tagged congress, currency, debt, default, dollar, federal reserve, fiscal cliff, retirement, treasuries
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Deceptive Schemes to Bailout Unfunded Public Pensions
To sharpen the mind and invigorate the spirit we begin with the following riddle… What does man love more than life; Fear more than death or mortal strife; What the poor have, the rich require; And what contented men desire, … Continue reading
Posted in MN Gordon, Politics
Tagged collapse, government action, public pensions, retirement, saving
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What You Are Up Against
The Bureau of Labor Statistics reported last Friday that consumer prices increased 0.6 percent in August. Over the last 12 months, according to the BLS, consumer prices increased 1.7 percent. Nonetheless, if you’ve paid bills or bought anything lately you … Continue reading
Posted in Inflation, MN Gordon
Tagged consumer price index, government meddling, interest rate, retirement, treasuries
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Within the Vice-like Grip of the Secular Bear
The Labor Department released the August jobs report last Friday. The median estimate of economists surveyed by Bloomberg was for a gain of 130,000 jobs. The actual number of new jobs created was just 96,000. This means several things. First … Continue reading
Posted in MN Gordon, Stock Market
Tagged 401K, ben bernanke, federal reserve, QE3, retirement, S&P500
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