by Gary Gordon | Mar 18, 2020
Central banks like the Federal Reserve have, for the most part, fired all their monetary stimulus bullets. Zero percent rate policy (ZIRP). Shock-and-awe asset purchasing with hundreds of billions in electronic dollar credits (a.k.a. “QE” or “quantitative easing”)....
by Gary Gordon | Mar 16, 2020
Yes, I knew that the Federal Reserve had blown a massive stock bubble. And yes, I started this blog to bring more attention to the dangers of central bank efforts to create a wealth effect. Bubble specifics notwithstanding, I can’t say that I anticipated the...
by Gary Gordon | Mar 13, 2020
What did the markets require for a Friday bounce? A trifecta in stimulus. The Fed announced its formal intention to print electronic credits to buy Treasuries all across the Treasury bond curve (a.k.a. “QE”). Congressional reps as well as White House...
by Gary Gordon | Mar 12, 2020
Remember the Tax Cuts and Jobs Act of 2017? Small- and mid-sized corporations should have used the extra money on capital expenditures and debt repayment. Instead, most chose to spend on stock share buybacks. Profitability hopes soared in 2017. And through the magic...
by Gary Gordon | Mar 10, 2020
Theoretically, a strong consumer would be well-positioned to acquire a host of durable goods. They should be able to purchase everything from appliances to furniture, electronics to sporting goods, jewelry to medical equipment. Would it surprise you, then, that...
