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Disasters Can Happen

How to Buy Low When Everyone Else is Buying High

by MN Gordon

Economic Prism

When to Sell?

The common thread running through the collective minds of present U.S. stock market investors goes something like this: A great crash is coming.  But first there will be an epic run-up climaxing with a massive parabolic blow off top.

Hence, to capitalize on the final blow off, investors must let their stock market holdings ride until the precise moment the market peaks – and not a moment more.  That’s when investors should sell their stocks and go to cash.

Certainly, this sounds like a great strategy.  But, practically speaking, how are you supposed to pull it off?  Specifically, how are you supposed to know the exact moment the stock market peaks?

Is the definitive sign of the top when your shoeshine boy offers you a hot stock tip?  Is it when your neighbor tells you about his surefire (Read More....)

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The Donald Saves the Dollar

by MN Gordon

Economic Prism

Something for Nothing

The world is full of bad ideas.  Just look around.  One can hardly blink without a multitude of bad ideas coming into view.  What’s more, the worse an idea is, the more popular it becomes.

Take Mickey’s Fine Malt Liquor.  It’s nearly as destructive as prescription pain killers.  Yet people chug it down with reckless abandon.

Or consider central banking.  Has any other single idea extracted more wealth from the lowly wage earner?  The Federal Reserve’s backdoor taxation program has snookered honest hard-working Americans for over 100 years.

Why is it that bad ideas are often received more favorably than good ideas?  Perhaps, it’s because bad ideas generally promise something for nothing.  That one can live off the forced philanthropy of their neighbors.  That one can get (Read More....)

. . . → Read More: The Donald Saves the Dollar

As the Controlled Inflation Scheme Rolls On

As the Controlled Inflation Scheme Rolls On

by MN Gordon

Economic Prism

Controlled Inflation

American consumers are not only feeling good.  They’re feeling great.  They’re borrowing money – and spending it – like tomorrow will never come.

On Monday the Federal Reserve released its latest report of consumer credit outstanding.  According to the Fed’s bean counters, U.S. consumers racked up $28 trillion in November in new credit card debt and in new student, auto, and other non-mortgage loans.  This amounted to an 8.8 percent increase in consumer borrowing.  It also ran (Read More....)

. . . → Read More: As the Controlled Inflation Scheme Rolls On

Several Simple Suppositions and Suspicions for 2018

Several Simple Suppositions and Suspicions for 2018

by MN Gordon

Economic Prism

A New Year of Symbiotic Disharmony

The New Year’s nearly here.  The slate’s been wiped clean.  New hopes, new dreams, and new fantasies, are all within reach.  Today’s the day to make a double fisted grab for them.

Without question, 2018 will be the year that everything happens exactly as it should.  Some things you’ll be able to control.  Other things will be well beyond your control.

Certainly, your ability to stop your neighbor’s cat from relieving itself in your side yard is limited, barring extreme measures.  What we mean is each day shall unfold before you – both good and bad – in symbiotic disharmony.  You can count on it.

But what are the specifics and particulars for the year ahead?  What about (Read More....)

. . . → Read More: Several Simple Suppositions and Suspicions for 2018

Why Monetary Policy Will Cancel Out Fiscal Policy

Why Monetary Policy Will Cancel Out Fiscal Policy

by MN Gordon

Economic Prism

Remarkable and Extraordinary Growth

Good cheer has arrived at precisely the perfect moment.  You can really see it.  Record stock prices, stout economic growth, and a GOP tax reform bill to boot.  Has there ever been a more flawless week leading up to Christmas?

We can’t think of one off hand.  And if we could, we wouldn’t let it detract from the present merriment.  Like bellowing out the verses of Joy to the World at a Christmas Eve candlelight service, it sure feels magnificent – don’t it?

The cocktail of record stock prices, robust GDP growth, and reforms to the tax code has the sweet warmth of a glass of spiked eggnog.  Not long ago, if you recall, a Dow Jones Industrial Average above 25,000 was impossible.  Yet (Read More....)

. . . → Read More: Why Monetary Policy Will Cancel Out Fiscal Policy

The Rug Yank Phase of Fed Policy

The Rug Yank Phase of Fed Policy

by MN Gordon

Economic Prism

Bogus Jobs Pay Big Bucks

The political differences of today’s leading two parties are not over ultimate questions of principles.  Rather, they’re over opposing answers to the question of how a goal can be achieved with the least sacrifice.  For lawmakers, the goal is to promise the populace something for nothing while pretending to make good on it.

Take the latest tax bill, for instance.  The GOP wants to tax less and spend more.  The Democrat party wants to tax more and spend even more.  We don’t recall seeing any proposals to tax less, spend less, and shrink the size of the state.  And why would we?

Today’s central planners and social engineers are enlightened and progressive.  They know much more about anything and everything than the rest of us.  In (Read More....)

. . . → Read More: The Rug Yank Phase of Fed Policy

The Zealous Pursuit of State-Sponsored Collapse

by MN Gordon

Economic Prism

When Bakers Go Fishing

Government intervention into a nation’s economy is as foolish as attempting to control the sun’s rise and fall by law or force.  But that doesn’t mean governments don’t meddle each and every day with the best – and worst – of intentions.  The United States government is no exception.

Over the years, layers and layers of interference by various federal, state, and local agencies have built up like grime on a kitchen window.  The grease shines and smells of something fierce.  The layers of government grime also drip and ooze into every crack and crevice of the economy.

These days, for example, it’s impossible to carry out a simple private transaction with your barber or barista without some form of government interference.  Has your barber obtained the required license and paid the (Read More....)

. . . → Read More: The Zealous Pursuit of State-Sponsored Collapse

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