Tag Archives: treasuries

Gold Shines Bright

Posted on November 25, 2022 by MN Gordon

The mighty U.S. dollar spent a good part of the year beating up on other currencies. From January to mid-October, the dollar rose 13 percent against the euro, 22 percent against the Japanese yen, and 6 percent against emerging market currencies. Continue reading →

Posted in Economy, MN Gordon | Tagged , , , , | 15 Comments

Why Bonds Are Behaving Like Risky Assets

Posted on September 30, 2022 by MN Gordon

Since 1976, there have been eight years in which the S&P 500 declined. Bonds softened the stock market losses every time. When stocks went down, bonds went up. Since 1987, Alan Greenspan, and the Greenspan put, made sure of it. Yet, this time is different. Over the first nine months of 2022, bonds and stocks have fallen in tandem. And as stocks have fallen, Fed Chair Powell has hiked interest rates. Continue reading →

Posted in Government Debt, MN Gordon | Tagged , , , , | 17 Comments

Blowups and an Epic Mega-Catastrophe are Coming

Posted on February 11, 2022 by MN Gordon

The Federal Reserve has an extreme and heavy handed influence over credit markets. But it’s not master of it. The fact is, Fed credit market intervention plays second fiddle to the overall rise and fall of the interest rate cycle. Continue reading →

Posted in Economy, MN Gordon | Tagged , , , , , | 2 Comments

The Great Donkification

Posted on March 19, 2021 by MN Gordon

The U.S. national debt has now eclipsed $28 trillion. The budget deficit for the 2021 fiscal year will likely run up to nearly $3 trillion – possibly more. Hence, it will be financed with printing press money…that is credit created from thin air by the Federal Reserve and loaned to the Treasury. Continue reading →

Posted in Government Debt, MN Gordon | Tagged , , , , , | 5 Comments