Tag Archives: S&P500

Grantham’s ‘Real McCoy’ Bubble in a World Gone Mad

On June 17, billionaire investor and co-founder of the Boston-based money manager GMO, Jeremy Grantham, sounded the alarm. During a CNBC interview with Wilfred Frost, Grantham warned that the U.S. stock market’s rebound amid the coronavirus pandemic is a bubble that will end up hurting many investors. Continue reading

Posted in MN Gordon, Stock Market | Tagged , , , , | 7 Comments

Should You Buy the Dip?

Something remarkable happened yesterday [Thursday]. Stocks didn’t go up. They went down…and they went down a lot. The S&P 500 dumped 5.89 percent. But that was nothing. Gannett Co. crashed 29.5 percent, Noble Corporation plunged 25.51 percent, and Denbury Resources dropped 23.65 percent. Should you buy the dip? Continue reading

Posted in MN Gordon, Stock Market | Tagged , , , , | 11 Comments

Every Bubble Eventually Finds its Pin

The transfer of wealth from workers and savers to governments and big banks continued this week with Swiss-like precision. The process is both mechanical and subtle. Here in the USA the automated elegance of this ongoing operation receives little attention. Continue reading

Posted in MN Gordon, Stock Market | Tagged , , , , | 17 Comments

The Fed’s Answer to the Ghastly Monster of its Creation

As the economy stalls out in 2020, U.S. deficits are going to jump to over $2 trillion a year – and will stay there.  So, too, the national debt will run up towards $40 trillion over the next decade.  The Fed, through YCC or some other wild scheme, will take on the dirty deed of monetizing this debt.  They’ll create money from nothing and loan it to the Treasury. Continue reading

Posted in MN Gordon, Politics | Tagged , , , , | 14 Comments