Tag Archives: strait of hormuz
The Big Money Mirage
To fill the gap between rising prices and stagnating wages, consumers have loaded themselves up with massive amounts of credit card debt. According to the latest consumer debt data from the Federal Reserve Bank of New York, Americans’ total credit card balance, as of the fourth quarter of 2025, is $1.28 trillion. That’s up from $1.23 trillion in Q3 2025 and is the highest balance since the New York Fed began tracking in 1999. Continue reading
Posted in Economy, MN Gordon
Tagged ceasefire, economic recession, job market mirage, phantom debt, strait of hormuz
Leave a comment
Running On Empty
The opening bombardment of Operation Epic Fury on February 28 succeeded in taking out the heart of the Iranian regime. But it also triggered extreme geopolitical instability in the Middle East and severed the aorta of the global economy. Continue reading
Posted in Economy, MN Gordon
Tagged crude oil, fertilizer, food crisis, petrochemicals, strait of hormuz
1 Comment
