Mike Norman Economics

Last Friday (November 4, 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 261,000 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 rose by 0.1 points to 3.7 per...

Intersection of geopolitics and economics.India PunchlineScholz’s China trip raises hacklesM.K. Bhadrakumar | retired diplomat with the Indian Foreign Service and former ambassador. See alsoOilpriceEurope May See Forced De-Industrialization As Result Of Energy CrisisIrina Slav

 Another instance of not thinking things through — shooting from the hip and shooting oneself in the foot in the process.Asia TimesUS godfather makes a chip offer you can’t understandDavid P. Goldman

Big changes this week for these two uneducated people trying to figure it all out…Greta Thunberg used to say her goal was to protect the planet from climate change but she now admits it's to overthrow "the whole capitalist system," which she says is responsible for "imperialism, oppression, genocide.. racist, oppressive extractionism"https://t.co/MwzC3IRDn0— Michael Shellenberger (@ShellenbergerMD) November 1, 2022 Bono: “I thought that if we just redistributed resources, then we could solve...

Nice intro to must be an applied mathematics course…. Couldn’t agree more with this guy…Very strong opening to a math video. Ok, you have my attention. pic.twitter.com/2h2O2b6Oxo— William Rose (@dodecahedra) November 2, 2022 I could just imagine an Art Degree teacher dude saying “FIGURATIVE LANGUAGE DESCRIBES THE WORLD!!!”  yeah right!! 😂😂😂

They tried, but couldn't knock it down. Interest income transfers to the economy are ramping up. 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

The Chinese view of the Western way. These can be regarded as the “seven sins” of the Western political systems in real life. They must reform and change their systems from being capital-centered to people-centered.Capitalism favors capital including land, that is, ownership, as a single factor, and socialism favors labor (workers as people rather than as a factor). Global Times (Chinese state-sponsored media)‘Seven sins’ emerge from flawed Western political systems: Global Times editorial...

The Destiny of Civilization is Michael Hudson's latest book.Naked CapitalismThe Destiny of Civilization: An Interview with Michael Hudson on Economic Development, Rentierism, Debt, ChinaD. L. Jacobs interviews Michael Hudson

Good intro by Yves Smith.Naked CapitalismCould the Ukraine Conflict Be an Opportunity for the Global South?T.K. Rajalakshmi, Senior Deputy Editor of Frontline. Originally published at The Hindu; cross posted from Jomo Kwame Sundaram’s websiteInterview with Jomo Kwame Sundaram, Emeritus Professor, University of Malaya.

As investors assesses the remarkable turnaround in fiscal policy from one of the world’s number-six economy, the U.K., the one conclusion surely is that a nation’s financial flexibility is limited by the willingness of world markets to finance it.“Ending MMT is the international lesson of the U.K. debacle—any populist selling fiscal pipedreams will be confronted by the precedent of the U.K.,” said Paul Donovan, chief economist at UBS Global Wealth Management, in a recent note.To which...