by MN Gordon
Consequences of Central Bankers
The existing capital stock continues to be frittered away at the expense of savers and retirees. Nonetheless, central bankers don’t give a doggone about it. This, after all, is one consequence of roughly eight years of near zero interest rate policy.
Another related consequence is that the pricing equilibrium of capital markets has broken down. In particular, bond yields no longer reflect a market determined price of money established by the economy’s demand for credit. Hence, previously unfathomable interest rate movements are now happening with regular occurrence.
Presently, the yield on the 10-Year U.S. Treasury note is sliding into the abyss. On Wednesday a new record low yield of 1.34 percent was reached. This is the lowest historical (Read More....)
. . . → Read More: Larry Summers Wants to Give You a Free Lunch
Guest Post Peter Wood
In this my last article I expand on subjects already touched on in previous articles and attempt to draw together the various strands of the socialist totalitarianism currently undermining Western democratic societies – liberation theology, ecology, eugenics, homosexuality, feminism and multiculturalism – all bound together by the tyrannical bonds of political correctness.
The Coming Totalitarian World Of The Power Elites And The Zombie Populations Which Make It Possible
From their places of honor in hell, Marx, Stalin and Mao Zedong must have been laughing, when on arrival in La Paz during his recent tour of South America, Pope Francis was presented with a wooden crucifix carved in the form of a hammer and sickle by Bolivian President Evo Morales. By having the cross formed into a hammer and sickle Morales was effectively replacing the Son of God as the savior of mankind with communism. One of the founders of liberation theology, Peruvian theologian Gustavo Gutierrez, praised the “new atmosphere” under the Italo-Argintine leader of (Read More....)
. . . → Read More: Before We Can Capture The West We Must Capture The Culture
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!
by MN Gordon
One of the more endearing things about politics is election season. Although hardly a soul in this day and age still takes them serious, they are not without merit. In fact, they are not all bad.
For what better opportunity is there to point and laugh at the buffoons as they parade across the walk? The show we’re greeted with is more amusing than anything a Hollywood screen writer could conjure up. Clowns, cads, and cons…tripping over each other for your vote.
With mid-term elections just around the corner there’s been no shortage of scoundrels and drivel dribblers to entertain us. Take former Secretary of State Hillary Clinton, for instance. Last week she emitted a real whopper.
“Don’t let (Read More....)
. . . → Read More: Hollow Words from a Hollow Man
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?