Mike Norman Economics

 The Fed and "inflation."The LensRead My LipsStephanie Kelton | Professor of Public Policy and Economics at Stony Brook University, formerly Democrats' chief economist on the staff of the U.S. Senate Budget Committee, and an economic adviser to the 2016 presidential campaign of Senator Bernie SandersSee alsoMediumWhy We Missed On Inflation, and Implications for Monetary Policy Going ForwardNeel Kashkari

There are a few take-aways from this topic on how to respond....Bond EconomicsYield Curve Control SustainabilityBrian Romanchuk

Thin response but at least something of an antidote to the venom that is spewing.The Globe and MailWas our experiment with modern monetary theory a colossal failure? Not so fastDavid Parkinson

Chief Economists(?) not understanding basic, simple things! 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

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