by Gary Gordon | Jul 28, 2021
The central bank of the United States, the Federal Reserve, exists as an economic savior and as a financial persecutor. As a rescuer, it successfully bailed out the economy during the coronavirus shutdowns by creating trillions in digital dollar liquidity. (See the...
by Gary Gordon | Jul 21, 2021
Jeremy Grantham is chairman of the board for the well-known asset management firm, Grantham, Mayo, & van Otterloo (GMO). Yet he is much more than that. He is also an accomplished “bubble-ologist.” In a recent interview, Grantham said: “Bubbles...
by Gary Gordon | Jul 14, 2021
The Federal Reserve explains away rising costs across commodities, shipping, food, retail and rent as “transitory.” They might be right. On the flip side, the stock bubble is ignoring inflation-adjusted data as it relates to valuation. Specifically, in the...
by Gary Gordon | Jul 8, 2021
The U.S. Federal Reserve has purchased oodles of assets with electronic currency credits. Funny money. Ditto for the Bank of Japan, People’s Bank of China, and the European Central Bank. Not surprisingly, the more that central bankers add assets to their collective...
by Gary Gordon | Jun 30, 2021
Is the stock bubble making investors wealthy? Temporarily. Consider household equity exposure relative to disposable personal income. Investors have more skin in the equity game than they ever have before. What that means is that, with the S&P 500 sitting atop a...
