Home » Posts tagged 'mn gordon' (Page 3)
Tag Archives: mn gordon
Is the Fed Secretly Bailing Out a Major Bank?
Is the Fed Secretly Bailing Out a Major Bank? Prettifying Toxic Waste The promise of something for nothing is always an enticing proposition. Who doesn’t want roses without thorns, rainbows without rain, and salvation without repentance? So, too, who doesn’t want a few extra basis points of yield above the 10-year Treasury note at no added […]
The Federal Reserve is a Barbarous Relic
The Federal Reserve is a Barbarous Relic The Sky is Falling The man from the good place. “As I was going up the stair, I met a man who wasn’t there. He wasn’t there again today, Oh how I wish he’d go away!” [PT] Ptolemy I Soter, in his history of the wars of Alexander the Great, […]
How to Prepare as the Fed Scorches the Earth
How to Prepare as the Fed Scorches the Earth Wildfire Surge The hillsides are always brown in the land of fruits and nuts come autumn. After baking away all summer long in the hot sun, the dense sage and chaparral covering the coastal hillsides and canyons are dry and toasty. Though, before conditions get better, they […]
Fiat Money Cannibalization in America
Fiat Money Cannibalization in America An Odd Combination of Serenity and Panic The United States, with untroubled ease, continued its approach toward catastrophe this week. The Federal Reserve cut the federal funds rate 25 basis points, thus furthering its program of mass money debasement. Yet, on the surface, all still remained in the superlative. S&P […]
Dead Meat in Jackson Hole
Dead Meat in Jackson Hole The Pointlessness of Negative Yields If there are any virtues of debt instruments with negative yields we have yet to realize them. Certainly, we understand that as bond yields fall, bond prices rise, and bond investors are rewarded with capital appreciation. But when capital is appreciating as a consequence of negative yields, […]
Writing on the Wall
Writing on the Wall Not Adding Up One of the more disagreeable discrepancies of American life in the 21st century is the world according to Washington’s economic bureaus and the world as it actually is. In short, things don’t add up. What’s more, the propaganda is so far off the mark, it is downright insulting. Coming […]
Getting to a Special State of Ugly
Getting to a Special State of Ugly There are certain phrases – like “trust me” or “I got this” – that should immediately provoke one’s suspicion. When your slippery contractor tells you, “trust me, your kitchen renovation will be done before Christmas,” you should be wary. There’s no way it’ll be done until late spring. […]
Realizing the Full Implications of the Forthcoming Catastrophe
Realizing the Full Implications of the Forthcoming Catastrophe Delivering Tomorrow’s Curses Roman poet Virgil penned these words in his epic, The Aeneid, roughly a generation before the birth of Jesus of Nazareth. They can be loosely translated to, “the descent to hell is easy.” Those who’ve traversed this passage can attest to the veracity of this […]
Feeling the Heat of a Civilization on the Downside
Feeling the Heat of a Civilization on the Downside An Epic Folly for the Ages Today we begin with a list. A partial list. And in no particular order… Angela Merkel. Donald Tusk. Mario Draghi. Donald Trump. Jerome Powell. Shinzo Abe. Haruhiko Kuroda. Theresa May. Boris Johnson. Mark Carney. Xi Jinping. Emmanuel Macron. Vladimir Putin. Justin Trudeau. Juan Trump. And many, many more… […]
Why Fed Chair Powell is a Laughingstock
Why Fed Chair Powell is a Laughingstock Fake Work Clarity. Simplicity. Elegance. These fundamentals are all in short supply. But are they in high demand? As far as we can tell, hardly a soul among us gives much of a rip about any of them. Instead, nearly everyone wants things to be more muddled, more […]
Why a Chernobyl-like Financial Disaster is Inescapable
Why a Chernobyl-like Financial Disaster is Inescapable In the early morning hours of April 26, 1986 – roughly 33 years ago – things went horribly wrong in the town of Pripyat, in northern Soviet Ukraine. Reactor No. 4 at the V. I. Lenin Nuclear Power Plant, also known as the Chernobyl Nuclear Power Plant, was […]
As the Madness Turns
As the Madness Turns A Growing Gap The first quarter of 2019 is over and done. But before we say good riddance. Some reflection is in order. To this we offer two discrete metrics. Gross domestic product and government debt. US nominal GDP vs total federal debt (in millions of USD) – government debt has […]
How to Escape Like Willie Boy
How to Escape Like Willie Boy A Gentle Nudge The America we thought we knew – the country we learned about in grade school – vanished long ago. In truth, it was gone well before we stepped foot in our first classroom. But America’s myths and legends remain. The Wild Bunch… where are their stetsons? […]
Extrapolating The Recent Past Can Be Hazardous To Your Wealth
Extrapolating The Recent Past Can Be Hazardous To Your Wealth “Those who cannot remember the past are condemned to repeat it,” remarked George Santayana over 100 years ago. These words, as strung together in this sequence, certainly sound good. But how to render them to actionable advice is less certain. George Santayana – purveyor of […]
Why Government Control Is Overrated
Why Government Control Is Overrated There is much confusion from Republicans and Democrats about what’s torturing the American landscape. Middle American red state towns have slipped into a self-induced opioid coma. Wealthy blue state cities along the east and west coasts are rotting from the inside out. Both parties, nonetheless, are committed to big government, […]
