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Disasters Can Happen

Main Street Depositors And Lenders Continue To Get A Raw Deal

Simple Math of Bank Horsepucky

by MN Gordon

Economic Prism

The Raw Deal

We stepped out on our front stoop Wednesday morning and paused to take it all in.

The sky was at its darkest hour just before dawn.  The air was crisp.  There was a soft coastal fog.  The faint light of several stars that likely burned out millennia ago danced just above the glow of the street lights.

After a brief moment, we locked the door behind us and got into our car.  Springtime southern California mornings are exquisitely pleasant.  The early morning drive to downtown Los Angeles, on the other hand, is exquisitely painful.

Nonetheless, we make the best of it like we make the best of a trip to the dentist – or a visit with our accountant.  If anything, it affords us the opportunity to do something most people rarely do.  In particular, it gives (Read More....)

. . . → Read More: Main Street Depositors And Lenders Continue To Get A Raw Deal

The Debt Ceiling Expired- What Is The Government’s Solution To Jumpstarting The Economy Now?

The Long Run Economics of Debt Based Stimulus

by MN Gordon

Economic Prism

Onward vs. Upward

Something both unwanted and unexpected has tormented western economies in the 21st century.  Gross domestic product (GDP) has moderated onward while government debt has spiked upward.  Orthodox economists continue to be flummoxed by what has transpired.

Here is the United States, since the turn of the new millennium (starting January 1, 2001) real GDP has increased from roughly $10.5 trillion to $18.6 trillion, or 77 percent.  Over this same time government debt has spiked nearly 250 percent from about (Read More....)

. . . → Read More: The Debt Ceiling Expired- What Is The Government’s Solution To Jumpstarting The Economy Now?

The Dow Speaks: “In Trump We Trust”

The Dow Speaks: “In Trump We Trust”

by MN Gordon

Economic Prism

The Worst Job in the World

The rewards of being the President, these days, are few and far between.  Just ask President Trump.  The work hours are terrible, the pay is far less than that of a corporate CEO, and you’re endlessly surrounded by shabby politicians.

What’s more, the hand towels aboard Air Force One have the shoddy over washed roughness of those at a turnpike Motel 6.  But that’s not the worst of (Read More....)

. . . → Read More: The Dow Speaks: “In Trump We Trust”

Is DOW 20,000 and U.S. National Debt $20 trillion merely a coincidence? Or is there a correlation?

TreasuryWreck the Halls

by MN Gordon

Economic Prism

Arrested Development

Despite the best efforts of the bulls to make history happen, they’ve been unable to ‘git-r-done.’  At the time of this writing, the DOW is facing another bout of arrested development; it has yet to notch 20,000 for the very first time.

What a feat it will be when this remarkable, but trivial, event comes to pass.  After a near eight year run, the DOW will likely eclipse this exquisitely round numeric threshold in the very near future.  Shouldn’t such an achievement – and the associated wealth effect – have made us all (Read More....)

. . . → Read More: Is DOW 20,000 and U.S. National Debt $20 trillion merely a coincidence? Or is there a correlation?

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

An Abundance of Idle Trucks

by MN Gordon

Economic Prism

An Abundance of Idle Trucks

The popular economic theme being reported by the popular press still remains.  That the economy is grinding higher.  That growth is improving, albeit slowly.  That blue skies are just over the horizon.

Naturally we have some misgivings.  As far as we can tell, business is not humming along.  Earnings are stagnant.  Profits are slim.  Moreover, corporate reductions in force (RIFs) are being executed with the imprecise targeting of a sledge hammer.  Even Google’s laying off staff.

Most notably, if the economy were (Read More....)

. . . → Read More: An Abundance of Idle Trucks

Why the Fed Destroyed the Market Economy

coins-912718_960_720Why the Fed Destroyed the Market Economy

by MN Gordon

Economic Prism

What Have You Done for Me Lately?

Swing voters are a fickle bunch.  One election they vote Democrat.  The next they vote Republican.

For they have no particular ideology or political philosophy to base their judgement upon.  They don’t give a rip about questions of small government or big government.  Nor do they have any druthers about the welfare or warfare state.

In effect, they really don’t care.  What’s important to the swing voter is much simpler.  In fact, it can be boiled down to the following essential question.  What have you done for me lately?

The answer to this question, of course, comes back to money.  As far as the swing voter’s concerned, if their brokerage account’s growing they vote the incumbent (Read More....)

. . . → Read More: Why the Fed Destroyed the Market Economy

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