Mike Norman Economics

Fed morons probably still "getting a good deal for the taxpayers!" on the reserves they continue to roll over every month...The Fed's fight for control of its key interest rate https://t.co/ZFFtgTovIK pic.twitter.com/dRDvaZUDjp— Bloomberg Markets (@markets) November 8, 2018

I might have posted this here before, but the first half looks different, where I just fell off my seat with laughter when I saw the Brian Kemp video clips. These would just terrorize most liberals as Brian Kemp is a stereotypical 'red neck' who can't resist branding a gun in most photo shoots.He says, while aggressively holding a pump rifle and setting off an explosion behind him, that he's going to blow up the federal budget, but I bet he won't be stopping the welfare for the rich handout...

Dances with Bears FOUR HARD-TO-LEARN RUSSIAN LESSONS FROM THE US CONGRESSIONAL ELECTION RESULT John HelmerReutersTrump, Democrats clash already over investigations blitzDavid Morgan and Susan Cornwell Russia InsiderRussia Now Has 30 Times the Cruise Missiles It Had 6 Years Ago Pravda.ru flassbeck economicsThe economic situation in Bulgaria and Romania – Part 1 Heiner Flassbeck ReutersChina's ties with Taiwan chip firms under scrutiny as U.S. trade war heats upJess Macy Yu, Yimou Lee...

Midterm elections have concluded and the impact on the market will be significant.

Fort Russ NewsSO IT BEGINS: Venezuela Kicks-off Sale of CryptocurrencyPaul Antonopoulos Sputnik International Iran Selling Oil on Stock Exchange - Energy Expert Sputnik International Russia May Partially Replace US in Soybean Exports to China Amid Trade War - PM Sputnik InternationalFrance Will Lead EU Drive to Defy Iran Sanctions, Bolster Euro – Minister TASSRussia can temporarily restrict lumber export to China, natural resources minister warns Asia TimesChina will not be bullied by...

And, of course, in 2016 three million more voters cast their votes for Democratic than for Republican Senate candidates. And the 2018 House vote went Democratic by 9.2 percentage point:: FiveThirtyEight: Significant Digits For Wednesday, November 7, 2018l: "Voters cast 44.7 million votes for Democratic Senate candidates and 32.9 million votes for Republican Senate candidates... 57 percent of Senate votes went for Democrats... Another reason that America is a republic rather than a...

My next book - Breakeven Inflation Analysis - is in its final stages before publication. Unless something goes wrong, the Amazon ebook (Kindle) version should appear within a few days; the non-Amazon ebooks (Apple, Kobo, ...) may face unknown delays. Bond EconomicsPublishing UpdateBrian Romanchuk

Eric Lonergan has recently written a post about the fiscal rules debate that has cropped up around the U.K. Labour Party's adoption of such a rule. As usual, his post covers a lot of territory -- if I were to attempt to cover all the points he raised when following my preferred writing style, it would be a 10 part article. Meanwhile, I am supposed to be working on finishing off my breakeven inflation book, as well as dealing with other projects. As a result, I just want to respond to a...

Funny (and sad) satirical post from Bill today.I have concluded that the "debate" has now degenerated to the point it is now longer worth the time to keep up and comment. Bill's post captures the essence of it regarding MMT but this syndrome has also affected almost all other areas of interest.The crazy is now the "reality."Bill Mitchell – billy blogCorbyn more scary than BrexitBill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at...

Economists use a lot of math and so like to keep the study of individual preferences very simple, says this article. But psychologists know that an individual's preferences are strongly related to the group they are in.For instance, go to a party where everyone is knocking the beer and wine back and you might think that having two glasses of wine is very moderate. But go to another party where everyone is teetotal but they say they will open up bottle of wine for you if you want, you might...