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Disasters Can Happen

Harvard Report Whiffs on Fed Price Fixing Scheme

Federal Reserve, Federal Reserve's balance sheet, unconventional monetary policy, monetary policy implementation, Reserve Balances, Federal Funds Rate, Balance Sheet, Large-Scale Asset Purchases, Interest, Economic Collapse, USA Collapseby MN Gordon

Economic Prism

A Crucial Priority

This month the bright fellows at Harvard Business School came out with a (Read More....)

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Doomed for Failure

by MN Gordon

Economic Prism

Larded Up and Larded Over

We’ve been waiting for the U.S. economy to reach escape velocity for the last six years.  What we mean is we’ve been waiting for the economy to finally becomes self-stimulating and no longer require monetary or fiscal stimulus to keep it from stalling out.  Unfortunately, this may not be possible the way things are going.

In short, the U.S. economy may never reach escape velocity unless it is first allowed to crash.  It has been too larded up and larded over with debt for any real sustainable growth to take root.  More evidence, to this effect, was revealed this week.

For example, the International Monetary Fund (IMF) anticipates the U.S. economy will expand by just (Read More....)

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Hanjin Marooning in San Pedro Bay

ocean_liners_1473810175-250x250Hanjin Marooning in San Pedro Bay

by MN Gordon

Economic Prism

Global Trade Reversal

Expansions and contractions in global trade have played out over long secular trends for thousands of years.  The Silk Road, for example, was established by the Han Dynasty of China in 130 BC, and allowed for continuous trade between east and west for nearly 1,600 years.  In addition to economic trade, the Silk Road was also a conduit for culture and knowledge among its network of civilizations.

However, this trade route eventually came to an end.  When the Byzantine (Read More....)

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Should we buy an extra bag of rice and an additional roll of toilet paper to stock in the pantry?

Emergency FoodYarns, Mysteries, and the CPI

by MN Gordon

Economic Prism

No CPI Change

Several ill-defined economic waypoints were unveiled this week.  Namely, the Labor Department’s July consumer price index report.  According to the government data, on (Read More....)

. . . → Read More: Should we buy an extra bag of rice and an additional roll of toilet paper to stock in the pantry?

The Number One Factor Influencing Fed Monetary Policy

by MN Gordon

Economic Prism

Things Ain’t Right

A brief scan of the financial and economic landscape – both in the U.S. and abroad – offers ample confirmation that we are in the midst of a great reset.  From a feint tickle at the turn of the new millennium to a persistent itch a decade ago, the preponderance of evidence in this regard is now much too painful to ignore.  There’s no denying that things ain’t right.

Debt is increasing while GDP’s stagnating.  Stocks are rising while earnings are declining.  Incomes are flat-lining for the majority of workers while growing by leaps and bounds for the 1 percent.  Plus there’s over $13 trillion of negative-yielding debt.

With all this going on, what’s become lucidly clear is the frank understanding that there’s nothing that can really be done to reverse it.  No executive order.  No monetary (Read More....)

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The Great Stock Market Swindle

by MN Gordon

Economic Prism

Short Circuited Feedback Loops

Finding and filling gaps in the market is one avenue for entrepreneurial success.  Obviously, the first to tap into an unmet consumer demand can unlock massive profits.  But unless there’s some comparative advantage, competition will quickly commoditize the market and profit margins will decline to just above breakeven.

Unfortunately, finding and filling gaps in the market is much easier said than done.  Even the most successful serial entrepreneurs fail more than they succeed.  What’s more, success in one endeavor doesn’t guarantee success in another.

Anyone who has ever developed and marketed a new product from concept through sale knows how difficult it is to achieve profitability.  For every good idea there must be a hundred bad ones.  Yet the only way to really know the (Read More....)

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Is A Crash Imminent? -MN Gordon

Destination Mars

by MN Gordon

Economic Prism

Asset Price Levitation

One of the more preposterous deeds of modern central banking involves creating digital monetary credits from nothing and then using the faux money to purchase stocks.  If you’re unfamiliar with this erudite form of monetary policy this may sound rather fantastical.  But, in certain economies, this is now standard operating procedure.

For example, in Japan this explicit intervention into the stock market is being performed with the composed tedium of a dairy farmer milking his cows.  The activity is more art than science.  Similarly, if you stop – even for a day – pain swells in certain sensitive areas.

In late April, a (Read More....)

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