Mike Norman Economics

People think the stock market is a leading indicator of the economy. It's not. At best it's a coincident indicator, and more often, a lagging one. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.mmteconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/ Understanding the Daily Treasury Statement video course....

US mulls ‘scorched earth’ strategy for Taiwan instead of defense…The United States will enact a scorched-earth policy in Taiwan, destroying its semiconductor industry, if the PRC seizes the island, former Trump national security adviser Robert O’Brien told a conference at the Richard Nixon Foundation on November 10, reports army-technology.com. “If China takes Taiwan and takes those factories intact – which I don’t think we would ever allow – they have a monopoly over chips the way OPEC has...

Bad news for the market. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.mmteconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/ Understanding the Daily Treasury Statement video course. https://www.pitbulleconomics.com/understanding-daily-treasury-statement-video-course/?s2-ssl=yes

While the world’s climate negotiators gathered for the COP27 summit in Egypt, a new report published by the Transnational Institute, a Dutch think tank, emphasizes how rising global military spending is a great threat to efforts to combat climate change.According to the report’s authors, “every dollar spent on the military not only increases greenhouse gas emissions, but also diverts financial resources, skills and attention away from tackling one of the greatest threats humanity has ever...

JG.First IndiaIn A First, Gehlot Opens Job Cards For Urban PoorPrabhjot Kaur

By adding a so-called cap on Russian oil prices to the increasing barriers to develop domestic resources the G7 may be planting the seeds of a commodity super-cycle where dependence on OPEC and Russia increases, instead of decreasing.I repeat what I have been saying for months. The developed economies’ governments are taking their countries from a modest dependence on Russia to a massive dependence on China and Russia.…And making Europe massively dependent on the US, while also strengthening...

ABSTRACT We evaluate a guaranteed job program that was piloted, starting in October 2020, in the municipality of Gramatneusiedl in Austria. This program provided individually tailored, voluntary jobs to all long-term unemployed residents. Our evaluation is based on three estimation approaches. The first approach uses pairwise matched randomization of participants into waves for program adoption. The second approach uses a pre-registered synthetic control at the municipality level. The third...

Last Friday (December 2, 2022), the US Bureau of Labor Statistics (BLS) released their latest labour market data – Employment Situation Summary – November 2022 – which suggested that the US labour market showed signs of slowing further, with payroll employment growing by just 263,000 net jobs. The labour force measure showed employment and labour force growth turning negative as the participation edged down. The result was that the official unemployment rate remained largely unchanged – with...

MMT.The Lewiston TribuneWho’s worried about the national debt?William L. Spence

Going against willful stupidity is your DUTY! You don't have to know anything. Just fade the monetarists. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.mmteconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/ Understanding the Daily Treasury Statement video course. https://www.pitbulleconomics.com/understanding-daily-treasury-statement-video-course/?s2-ssl=yes