by MN Gordon
Today we look back to the recent past with singleness of purpose. Context and edification for the present economy is what we’re after. We have questions…
How come the recovery has been so weak? Why is it that, nearly seven years after the official end of the Great Recession, the economy’s still mired in a soft muddy quag? Squinting, focusing, and refocusing, there’s one particular week that rises above all others.
On Saturday September 20, 2008, Treasury Secretary Hank Paulson delivered a draft of the Troubled Asset Relief Program (TARP) to Congress for review. If you recall, it had been another wild week. On Monday, September 15, after 158 years of operation, Lehman Brothers vanished from the face of the earth…Dick Fuld, “The Gorilla,” be damned.
All week the sky relentlessly fell on financial markets. (Read More....)
. . . → Read More: The Cure is Worse than the Disease
by MN Gordon
Hillary Clinton’s condescending utterances have received so much gratuitous applause from Liberals over the years that it is now fatiguing to muster dissent. What the nagging shrew lacks in substance she compensates for with longevity…and a seemingly endless pool of financial backing.
No matter how much you think you’ve seen the last of her, she flares up like ringworm jock itch at the most inopportune times. She just won’t go away. How is it, that in the year 2015, we must endure another bout of Hillary? It seems this has been going on forever.
Back in the year 1997, for example, we recall being greatly belabored by an intellectual Progressive’s reverences for Ms. Clinton. The Great Thinker placed a great deal of importance on her dim intellect…that she would lead us into the Promised Land.
We don’t know whatever happened to this happy fellow. Perhaps he’s still advancing the cause of democracy to better suit his existence at the expense of his friends and neighbors. Regardless, (Read More....)
. . . → Read More: Hillary Clinton Duh? No Duh!
Guest Post Peter Wood
I have written several articles on the coming global, systemic collapse of fiat currencies and so this will probably be my last article before what I write about becomes reality. The world stands on the brink of a catastrophe – an (Read More....)
. . . → Read More: The Inmates Are Now In Charge Of the Lunatic Asylum And Madness Is The ‘New Normal’
by MN Gordon Economic Prism
Republican leaders are up in arms. House Speaker John Boehner calls it “nuts”. Senate Minority Leader Mitch McConnell said it’s a “lose-lose proposition”.
No, we’re not referring to President Obama’s gum chewing faux pas at the D-Day anniversary in Normandy France. We’re (Read More....)
. . . → Read More: How to Profit from Obama’s War on Coal
Guest Post J. Vanne
Recently, the owner of the Washington Redskins has come under attack for the racially insensitive name of his team. Political correctness mandates that I agree with our offended Native American population, and that the name, and well as awe-inspiring team logo, which honors Indians as incredible warriors, is nevertheless offensive to the delicate nature of the formerly hardy, self-sufficient Indians (who now, after years of government “nannying” would be afraid to even see a picture of a buffalo!) Thus, in the keeping with the politically correct dictates of our speech and thought police, I would like to humbly suggest we change the names of the following sports teams:
To begin with, the Kansas City Chiefs, the Atlanta Braves and the Cleveland Indians should be first out the door. If “Redskins” is offensive to those with red skin, certainly the Cleveland Browns would offend a number of racial groups; and worse, it will also offend many white people who spend too much (Read More....)
. . . → Read More: Renaming Offensive Sports Teams Names
by MN Gordon Economic Prism
Buying low and selling high is an investment strategy that guarantees success. But few are capable of doing it. Most people have an uncanny ability to buy high and sell low.
They’d rather buy Facebook at 80 times earnings than DOW Chemical Company at 13 times earnings. The simple fact is, where financial markets are concerned, most people couldn’t recognize a good deal if it hit them square in the face. If something’s selling for 80 percent off its peak price they won’t even consider it.
Of course, you can’t go by price alone. A certain stock may be beaten down because its business is failing. What appears to be a bargain price may not be such a good deal after all if shares eventually fall to zero.
Warren Buffett, the world’s most successful investor, noted that “It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.” He also clarified “…that a business or stock is [not] (Read More....)
. . . → Read More: Putin’s Revenge?
Guest article by J. Vanne
I’m an Obama supporter.
I am pro-choice. I also believe people should be free to marry anyone they want; in fact, secretly I’m hoping that NAMBLA gets its way and they legalize marrying kids, not to mention polygamy and – really, ultimately why not? – bestiality as well. I believe in “freeing” Libya, Syria, Yemen, Somalia, etc. – of course by financing and arming that bastion of freedom fighters, al Qaeda. I also think our Nobel Peace Prize president is fully justified in receiving this prize – the thousand or so Obama of drone strikes – literally murdering many hundreds of innocent Pakistani children – is just the price we (Read More....)
. . . → Read More: Confessions Of An Obama Supporter