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Disasters Can Happen

When Trumponomics Meets Abenomics

When Trumponomics Meets Abenomics

by MN Gordon

Economic Prism

Thirty Year Retread

What will President Trump and Japanese Prime Minister Shinzo Abe talk about when they meet later today?  Will they gab about what fishing holes the big belly bass are biting at?  Will they share insider secrets on what watering holes are serving up the stiffest drinks?

Indeed, these topics are unlikely.  Rather, what they’ll be discussing is cooperative trade, growth, and employment policies between their respective national economies.  They’ll also talk about currency debasement opportunities.

Soon enough, perhaps by the time you read this, (Read More....)

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The Great El Monte Public Pension Swindle

El Monte Strike

by MN Gordon

Economic Prism

Nowhere City California

There are places in Southern California where, although the sun always shines, they haven’t seen a ray of light for over 50-years.  There’s a no man’s land of urban blight along Interstate 10, from East Los Angeles through the San Gabriel Valley, where cities you’ve never heard of and would never go to, are jumbled together like shipping containers on Terminal Island.  El Monte, California, is one of those places.

How El Monte came to be is a story shared with many of its adjoining San Gabriel Valley cities.  Boom, bust, and rapid transformation from an agricultural area to working class artery of a burgeoning megalopolis, vomited out a multitude of enduring mistakes.  Many of them will never be rectified.

When El Monte was incorporated as a municipality in (Read More....)

. . . → Read More: The Great El Monte Public Pension Swindle

Global Recession Signs You Need To Watch For and Other Visions for 2017

Global Recession and Other Visions for 2017

by MN Gordon

Economic Prism

Conjuring Up Visions

Today’s a day for considering new hopes, new dreams, and new hallucinations.  The New Year is here, after all.  Now is the time to turn over a new leaf and start afresh.

Naturally, 2017 will be the year you get exactly what’s coming to you.  Both good and bad.  But what else will happen?

Here we begin by closing our eyes and slowing our breath.  We let our mind role back into the grey matter of our brain.  We wait patiently for new neurological connections to open up.  Then, ever so subtly, visions of the year ahead come into focus.

Will stocks go up or down?  What about gold and Treasury bonds?  Will the economy expand or contract?  Are we fated for World War III?  Who will win the Super Bowl?

These are the questions (Read More....)

. . . → Read More: Global Recession Signs You Need To Watch For and Other Visions for 2017

Will the national struggle end with the election of Donald Trump?

by MN Gordon

Economic Prism

Ordinary ideals of Americana range as far and wide as the North American continent.  The valued conviction of one American vastly differs from that of another.  Joe from Santa Fe may have little connection with Joe in South Bend or Joe in South Boston.

One may celebrate adventures in mysticisms.  Another may find inspiration sitting in a college football grandstand.  While a third struggles to free himself of the orthodox hobgoblins that suffocate his soul.

Until Donald Trump came along, the story of the national struggle, as outlined by the discredited mainstream media, had been told with delicate regularity.  The news was professed from the locus of the two party political system…any diverging views were carefully sifted out.  What was reported was only what the story editors allowed to pass through their single micron particulate (Read More....)

. . . → Read More: Will the national struggle end with the election of Donald Trump?

Putting an End to the Regulatory Industry

by MN Gordon

Economic Prism

Gross Regulatory Overburden

Corporate life in America these days is fraught with tedium.  First the MBAs imposed their silly six sigma processes and reduced workers to mere widgets.  Then the regulators went through and squashed out any fun that remained.

Gone are the days when shrewd eccentrics could get rich using technobabble to hawk the Turbo Encabulator.  Alas, there are rules and regulations stymieing all creativity.  In fact, as a matter of law, such restrictions are shoved in the worker’s face each morning as they fill up their morning cup of coffee.

By our rough (Read More....)

. . . → Read More: Putting an End to the Regulatory Industry

Donald Trump’s Plan for Economic Salvation

by MN Gordon

Economic Prism

Repudiation and Reversal

One of the unspoken joys in life is the rich pleasure that comes with bearing witness to a career politician – a shrew no less – as they fail spectacularly.  Tuesday night served up one of these unique experiences with sumptuous fare.  No doubt, the world is a better place because of it.

Make of it what you will.  Donald Trump’s upset over Hillary Clinton is a repudiation of the entire Washington status quo.  This is something to celebrate, whether you like Trump or not.

There are an abundance of dime a dozen political pundits, all who are way more qualified than (Read More....)

. . . → Read More: Donald Trump’s Plan for Economic Salvation

The One Thing that Will Change Everything

by MN Gordon

Economic Prism

“There are more things in heaven and Earth, Horatio, than are dreamt of in your philosophy.” – William Shakespeare, Hamlet

Ticking Time Bomb

The American populace counts down to Election Day with impatient intent.  Will their party man occupy the White House come January 21, 2017?  Or will their party woman occupy a federal prison cell?

These are questions that only the good wisdom of time can answer.  Here at the Economic Prism we watch with indifferent curiosity.  We don’t think either candidate’s worthy of high office.  But we’re eager to know the election (Read More....)

. . . → Read More: The One Thing that Will Change Everything

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