Rapture verdict ad 1

Use Of The Articles On This Site

If you would like to use any of the articles on this site on your own blog or website, that is perfectly fine. What we require is that you make no edits to the content of the article and that you include a direct link back to the article source.
Disasters Can Happen

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?

Critical Thinking Will Become A Thing Of The Past

textingby MN Gordon

Economic Prism

Too Smart to Think

These days everything must be smart.  There are smart cities, smart grids, smart policies, smart TVs, smart cars, smartphones, smart watches, smart shoes, and smart glasses.  There’s even something called smart underwear.

Before long everything around us will be so smart we’ll no longer have to do one critically important thing.  We’ll no longer have to think; smart algorithms will think for us.  What’s more, the possibilities for not thinking are seemingly limitless.

Just (Read More....)

. . . → Read More: Critical Thinking Will Become A Thing Of The Past

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

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....)

. . . → Read More: Alan Greenspan’s Pickled Economy

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....)

. . . → Read More: The Fed’s Stars Never Aligned

Black Swan Fledgling – The Debt Crisis Takes Flight

Bankers, Elite, Federal Reserve - Picture Credit Pixabayby MN Gordon

Economic Prism

The debt based money system plods along according to plan.  The Fed offers unlimited credit.  Public and private entities borrow and spend it.

One of the more popular delusions of contemporary culture is disbelieving the money will ever have to be repaid.  There’s no logical thesis that we are aware of to support this misconception.  But it prevails across the general populace all the same.

Day by day, however, the bills come due.  They pile up like wrecked autos on the 405 freeway.  Over the last 30 years or so they’ve stacked up beyond what the economy can possibly support.

The breaking point was reached in 2008.  We are currently living through the interim period of suspended disbelief.  Many aren’t quite ready to accept their new fate.  This wasn’t what they’d bargained for.

Scientific management of the economy, as executed by the Federal Reserve System, was supposed to perpetually inflate away each generation’s debts.  Not too (Read More....)

. . . → Read More: Black Swan Fledgling – The Debt Crisis Takes Flight

The Solution to Deflation

Make Moneyby MN Gordon

Economic Prism

The stock market laid another egg yesterday. We won’t dwell on it much. Only enough to make the observation that change is in the air. You can see it. Feel it. And even smell it. Nonetheless, being prepared for it – both for profits and protection – is the real challenge. Here’s what we mean…

The United States dollar has strengthened against other currencies over recent months. The dollar index – a measure of the U.S. dollar relative to a basket of foreign currencies – was around 80 for the first half of the year. But since July it has run up significantly.

Currently, the dollar index is around 86. That means the dollar has increased in value by 7.5 percent on the foreign exchange market over the last three months. What are the consequences (Read More....)

. . . → Read More: The Solution to Deflation

Hi I am Michael160 ABOUT ME160 Follow Me On facebook160 Follow Me On twitterMicheals Book MN Gordon EPAbout MN GordonFollow MN Gordon