Mike Norman Economics

Zoltan Pozsar is back with his stories about “Bretton Woods III” and the petro-yuan. (The original report is presumably for bank clients, but I found this summary by ER Valasco.) Although developing countries trading with China might take these developments seriously, from the perspective of the developed economies, how third parties arrange their affairs has limited domestic impact.I initially had a longer response, but once I looked it over, I decided it was too weak. I will instead offer...

Everyone is telling you 2023 is going to be horrible. Should you believe them? 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

More monetarist reification from ChatGPT… ChatGPT explains the Federal Reserve like Shaggy from Scooby-Doo: pic.twitter.com/aMY9c1i3b2— ChatGPT (@ChatGPTGoneWild) January 2, 2023

Amarynth's English translation of an article by ATRcons.The US-controlled "rules-based order " in trade that is run for the benefit of the US is running into headwinds. End of the WTO in sight?Global South — Daily ChroniclesA riot is brewing. 127 countries have filed a protest to the WTO against the United Statesamarynth

With forecasts like this, the only thing to do is be an aggressive contrarian. 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

Game-changer? Zoltan Pozsar thinks so. The Deep DiveZoltan Pozsar: G7 Investors Should Worry About Gold-Backed Renminbi Eclipsing Dollars, Commodity Encumbrance

Russia is a major metals producer and exporter. According to Institut Polytechnique de Paris, last year the country held a 13% market share for titanium production, 11.2% for nickel, 10.5% for platinum, 5.4% for aluminum, 4% for copper and 4.4% for cobalt. It is the world’s top producer of palladium, a rare metal used in car manufacturing, accounting for 37% of production in 2021.…Russia is not only a major producer of primary aluminum but it is also embedded in the global supply chains...

 Having posted review articles for the past couple of days I did wonder what I thought my most important post of the year was since many others seem to be working that theme at present. Somewhat randomly (meaning I did not go back and look at them all, and nor did I look at stats) I settled on this, which was published on the blog on 2 July 2022 having previously been on Byline Times:"Center-left" instead of "left"? It's simply moving the Overton window somewhat to the left after it having...

Mid-December tax drain has been recovered. It's a bull trend through February 15. 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

Today, I make available a video session that I recorded in Japan while I was working there in the latter part of this year. It sets out a range of interesting topics that form, in part, the research program that my colleagues and I at Kyoto University have mapped out to work on in the coming year. I hope that by the end of 2023 we will have advanced this program and perhaps will be able to stage some sort of event (Covid permitting) in Japan later next year to spread the knowledge....Bill...