Yes, he is losing it - the ability to govern as the President! The most recent example: he lost his temperament, totally, in response to the Mueller TV appearance, on top of having lost all the four games in the major league (President Trump's Major League Score: 0:4). He will continue to lose in the coming weeks and months. No, he is not losing it, because he has never had it!... Frank Li is out of paradigm with MMT, but he is an interesting social and political analyst even though his...
Read More »Should have listened to the bank lobbyists
They should have got this done last week (story from May 22) as recommended now comes the real chaos they were trying to avoid by getting it done...Science: Instability creates instability.(Morons: Stability creates instability.)McConnell: Bipartisan deal to raise debt ceiling and spending caps as soon as today https://t.co/UL7TBkEr4k— Teresa MASIA PERALES (@Spanishcountry) May 22, 2019 Inversion going on 7 days: Day 7 of the inverted 3-month/10-year U.S. Treasury yield curve. And the...
Read More »Pump-a-Chump
You've heard of Ali's "Rope-a-Dope!" now we have "Pump-a-Chump!"...Trump triggered hacker China still "pumping!"PBOC's Liquidity Boost to China's Banking System Hits Four-Month High https://t.co/TJnjDo91EW— Yicai Global 第一财经 (@yicaichina) May 31, 2019
Read More »Jonathan Woetzel and Jeongmin Seong — For all the hubbub about the US-China trade war, trade is a fraction of China’s economy
As recently as 2008, China’s net trade surplus accounted for 8% of GDP; by 2018, that figure was only about 1.3%—less than either Germany or South Korea, where net trade surpluses generate between 5% and 8% of GDP. The US isn’t far behind its Eastern neighbor: In 2018, US had a trade deficit of about 3% of GDP, down from 5% in 2006.... Instead, China’s economy today is driven by domestic consumption. In 11 of the 16 quarters since 2015, consumption has contributed more than 60% of GDP...
Read More »Andrew Batson — Is state ownership turning into a core interest for China?
Is the Trump administration's policy toward China having the opposite effect and strengthening the hardline opposition and increasing populist nationalism, as well as preventing a mutually satisfactory solution in that any solution acceptable to the US would be seen in China as an unthinkable humiliation and loss of face? How not to negotiate 101? Which is unfortunately why it is now seems hard to be optimistic about the politics on either side. What seems to be happening is not only a...
Read More »Links — 30 May 2013
Why Barr’s investigation is important and should be encouraged. The NationHow Did Russiagate Begin? Stephen F. Cohen | Professor Emeritus of Russian Studies, History, and Politics at New York University and Princeton University All roads lead to John Brennan. Intel TodaySpygate — Former CIA Station Chief Explains Resignations From 6 Deputy Directors of Italian Intelligence Agencies Ludwig DeBraecheleer I don't buy for a second all those Russian-China economic "integrationism"...
Read More »Randy Wray — How to Pay for the Green New Deal
How to Pay for the Green New DealWORKING PAPER NO. 931 | May 2019 This paper follows the methodology developed by J. M. Keynes in his How to Pay for the War pamphlet to estimate the “costs” of the Green New Deal (GND) in terms of resource requirements. Instead of simply adding up estimates of the government spending that would be required, we assess resource availability that can be devoted to implementing GND projects. This includes mobilizing unutilized and underutilized resources, as...
Read More »Stephanie Kelton — Modern Monetary Theory Is Not a Recipe for Doom
In this post, Stephanie Kelton takes on Paul Krugman. She appears to agree with Paul Krugman's assumption that monetary policy that is built on raising interest rates to address inflation is not backwards. Actually, central bank interest rate setting is a form of price setting, the policy rate being a variable that sets the cost of borrowing (price of money). Higher interest rates are also inflationary to the degree that increase the income of holders of securities, as Warren Mosler has...
Read More »Tomonews – Leaked OPCW report finds Douma chemical attack likely staged –
Articles in the mainstream media had described how helicopters probably dropped the chemical weapons, but a leaked OPCW document said they were brought in by hand.The mainstream media has said nothing about this document. I would have thought that it was news, wouldn't you? [embedded content] DOUMA, SYRIA — A leaked document is casting doubt on the official narrative of the 2018 Douma gas attacks which were later used to justify American, British and French airstrikes on Syria.
Read More »Alexei Kupriyanov — Towards Strategic Autonomy of India: Narendra Modi Continues His Economic and Social Reforms
The national elections in India have brought victory to the National Democratic Alliance (NDA) coalition, led by the Bharatiya Janata Party (BJP). The NDA has won a stable majority in the lower house of parliament. This means that the right-wing coalition will remain in power for at least another five years, and Prime Minister Narendra Modi will be able to continue his economic and social reforms, as well as be able to operate with a free hand in the international arena. India takes a...
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