Mike Norman Economics

Already down to just 15B per month for the final 3 months of the program; page here; graph below: Monthly net purchases of public and private sector securities currently amount to €15 billion on average. On 25 October 2018, the Governing Council stated that it “will continue to make net purchases under the asset purchase programme (APP) at the new monthly pace of €15 billion until the end of December 2018. The Governing Council anticipates that, subject to incoming data confirming the...

Tariffs, rate hikes, oil price correction not enough to send economy into recession. Stocks will recover and trade to new highs.

TASSTests ‘enough’ to support theory on Magnitsky’s poisoning, Russian prosecutors say Sputnik InternationalEurope Losing Most Amid Chinese-US Trade Conflict - German Foreign Minister Stumbling and MumblingStrategic vs parametric thinkingChris Dillow | Investors Chronicle FortuneU.S. Car Makers Ditch Sedans as Consumers Favor SUVs, Crossovers, and Light Trucks Erik Sherman AutoBlog5 reasons why GM is cutting jobs, closing plants in a healthy economy AP The HillConway defends Trump...

This is the second and final part in my discussion about the latest attempts by the IMF and notable New Keynesian macroeconomists to keep the ‘fiscal contraction expansion’ lie alive. The crisis in Italy is once again giving these characters a ‘playing field’ to rehearse their destructive ideas that rose to prominence during the worst days of the GFC, when the European Commission and the IMF (along with the OECD and other groups) touted the idea of ‘growth friendly’ austerity. Nations were...

Gilad Atzmon is under fire, and so is free speech. Dear friends In March I was sued for libel by the chairman of the Campaign Against Anti Semitism (CAA), Gideon Falter, for suggesting that ‘Antisemitism is a business plan.’ As CAA has explained its objective, the lawsuit was intended both to silence me and to wreck my career.   Campaign Against Anti Semitism’s web site states that renowned media lawyer Mark Lewis  “devised a strategy for bringing libel actions which he and Campaign...

Jack Ma, the head of e-commerce giant Alibaba Group Holding Ltd (BABA.N) and China’s best-known capitalist, is a Communist Party member, the official Party newspaper said on Monday, debunking a public assumption the billionaire was politically unattached. Cue sound of heads exploding.ReutersAlibaba's Jack Ma is a Communist Party member, China state paper reveals

This passes for serious criticism now? In addition, Tim Worstall doesn't seem to realize that MMT is not a policy proposal but rather based on how the existing monetary system operates currently. Understanding this and using this knowledge opens up policy space by correctly describing existing fiscal space. Nothing needs to change with respect to the actual potential of the existing monetary system. This misunderstood by most economists, politicians and the public, with the result that...

An issue with this analysis as I see it is that it is based on a Western approach to economics and finance that is not applicable to China as a socialists country with its own development path. The first point they make is this: The first is the middle-income trap. With a per capitaannual income of around $9,000, China remains significantly below the threshold for high-income status, set at around $12,000-$13,000 by the World Bank. Only a few countries in history have managed this leap...

SouthFront America Sweepwalking Toward Fascism? J.HawkSputnik InternationalChina Reportedly Starts Building 'New-Generation' Aircraft Carrier Counter CurrentsUS Trade War With China – Desperate Move to Save Western Empire Andre Vltchek The National InterestIntroducing the 1 Problem the F-22 and F-35 Can't Seem to Shake Sébastien Roblin The ForensicatorGuccifer 2’s Russian Breadcrumbs RWER BlogProductive versus financial uses of credit John Balder SouthfrontDetained Ukrainian...

Hacking Reality is the follow up to What Is Reality. Gareth Lisi completed his PhD in theatrical physics and felt that string theory wasn't on the right track.  He tried to get a job at a university where he could study E-8 mathematics, an 8th dimensional which object theoretically could be creating our universe. Theatrical physicists and mathematicians derived E-8 mathematics in the 1930's but dropped it to research the newest maths.Gareth says how E-8 maths describes almost perfectly how...