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Disasters Can Happen

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....)

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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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Even Death Won’t Save Us

money-256319_960_720by MN Gordon

Economic Prism

Rubbernecking at the economic train wreck of central planners is not without hazard.  A strained collar and dry eyes, for instance, are common perils.  So, too, is the lasting grimace of disbelief that comes with the rollout of each zany scheme to save us from ourselves.

Etched forehead lines and nighttime bruxism are several of the secondary effects.  Not owning shares of Amazon is another.  Though, over the long term, this will likely be an advantage.

Certainly, gawping at the present execution of monetary and fiscal policy in America is not without some benefit.  A healthy suspicion is garnered of politicians and public officials.  This, at the very least, relieves us from voter’s remorse.  Since we didn’t vote for President Obama we don’t have to live with the soiled conscious that most surely befalls those who (Read More....)

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Alan Greenspan’s Pickled Economy

Economyby MN Gordon

Economic Prism

Former Federal Reserve Chairman Alan Greenspan resurfaced this week.  We couldn’t recall the last time we’d heard from him.  But, alas, the old fellow’s in desolate despair.

On Tuesday, for instance, he told Bloomberg he hasn’t been optimistic for “quite a while.”  Obviously, this is in contrast to the perennial Goldilocks attitude he had during the 1990s.  So what is it that has the Maestro playing a low dirge?

China, the dollar, Dodd-Frank, and associated unknowns are all part of his negative outlook.  But the long winter of his discontent is something else.  Greenspan said he “won’t be [optimistic] until we can resolve entitlement programs.”

“Nobody wants to touch [entitlements].  But it is gradually crowding out capital investment and that is crowding out productivity and that is crowding out the standards of living,” said Greenspan.

Indeed, funding (Read More....)

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The Fed’s Stars Never Aligned

Price Fixingby MN Gordon

Economic Prism

On Wednesday, following the two day Federal Open Market Committee meeting, Fed Chair Janet Yellen will likely announce that the Fed will do something they haven’t done in nearly a decade.  They will raise the federal funds rate.

Obviously, a lot has happened since June 29, 2006.  For example, on June 29, 2007, precisely one year after the Fed’s last rate increase, the first generation Apple iPhone was released.  What this has to do with Fed, we really don’t know.  But it does offer perspective on just how doggone long it has been since the world has known a rising federal funds rate.

As far as the economy goes, the last 10-years haven’t all been peaches and cream.  Several notable (Read More....)

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This Market’s Bound to Bust

Ground Hog Day Stock Marketby MN Gordon

Economic Prism

Sporting events are overrated. Think of the latest Mayweather vs Pacquiao fight. What a dud that turned out to be…twelve rounds of pat-a-cake. We’ve seen harder hits watching the squirrels go at it along the back fence.

For any real action these days, you must turn elsewhere than professional sports. Some prefer reality television for kicks and titters. Others like to keep up with the gossip on Facebook. Here at the Economic Prism we have other hankerings.

For the greatest show on earth, we set our sights to the stock market with eager anticipation. We don’t know what will happen next. But we do know something big – like a massive meltdown – is coming.

On Tuesday, for instance, the stock market took a nose dive. The S&P 500 lost a full percent. From what we gather, good news for the economy was perceived as bad news for stocks.

New home sales data exceeded forecasts. Orders for capital equipment rose in the U.S. for a second month. In addition, regional manufacturing was (Read More....)

. . . → Read More: This Market’s Bound to Bust

The Inmates Are Now In Charge Of the Lunatic Asylum And Madness Is The ‘New Normal’

The Inmates Are Now In Charge Of the Lunatic Asylum And Madness Is The 'New Normal'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....)

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