Mike Norman Economics

It's great to be able to share a really good MMT thread from Twitter here, written by Andy Verity, who is a BBC economics correspondent: Tax Research UKThe danger is from Chancellors who want to balance the booksRichard Murphy | Professor of Practice in International Political Economy at City University, London; Director of Tax Research UK; non-executive director of Cambridge Econometrics, and a member of the Progressive Economy Forum

The British government has descended into high farce. It is rather embarassing to watch adults behave in the way they have conducted themselves in the last longtime. I also note that the usual suspects are out in force claiming (spuriously) that the economic turmoil that has beset Britain demonstrates categorically that Modern Monetary Theory (MMT) is deeply flawed and the real world is now teaching us that we should be discarded into the dustbin of history – or rather disgrace. These...

The DBUs will help banks that are now looking to reduce their physical footprint with fewer brick-and-mortar branches, with a 'light' banking approach.Business Standard (India)A big step towards 'ease of living': PM Modi opens 75 digital banking unitsNirendra Singh

 Arms race in progress. China is ramping up. Previously, China had set the date for developing a world-class military at 2035. Presently, the target date is 2027.RT — Question More (Russian state-sponsored media)Xi vows to elevate Chinese military to ‘world-class standards’

Backgrounder. The infrastructure for the proposed Turkish hub has not been built yet, or even agree upon.Sputnik International (Russian state-sponsored media)All Nord Stream Gas Volumes Could Be Redirected Via Turkish Hub, Gazprom SaysSee also at SIRussia's Gazprom: If Europe Imposes Price Cap, Gas Supplies Will Be Halted

The financial oligarchy ("the City") and the Deep State.The bill is coming due. Who is going to pay it?India PunchlineThe wasteland of British politicsMK. Bhadrakumar | retired diplomat with the Indian Foreign Service and former ambassador.

Fed rate increases crushing NPV of system regulatory capital:They are doing the same thing they did in September 2008 ie putting their own Depositories and Dealers into violation of their own regulatory capital requirements…  system is again getting close to failure mode:Bank of America, $BAC, is worried about bond market volatility and says risk of a 'crash' is rising, per CNBC.— unusual_whales (@unusual_whales) October 14, 2022 Why is the Swiss National Bank drawing $10 BILLION USD (last...

Repurchase Agreements or "repos" (and reverse repos) are discussed. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.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

MMT.Geopolitika.ru (sanctioned by the US Treasury Department)Economist Professor* Warren Mosler: "Sanctions against Russia make no sense: with free Gazprombank it's as if they weren't there"Fabio Bonciani interviews  Warren Mosler, an American economist and entrepreneur, formerly a hedge fund manager; an activity that allowed him to fully understand the functioning of modern monetary and accounting systems of Central Banks and a State, upto developing those concepts that have led him today...

The U.S. should set a price cap on U.S. LNG going to Europe, as American gas is being delivered to Europe at prices four times higher than the price for domestic consumption, Russian Deputy Prime Minister Alexander Novak said in an interview with Russian state television.“We would advise our US partners to set a certain cap price for the resources they are supplying to Europe. This only pushes Europe toward energy poverty,” said the Russian official who represents the country at the OPEC+...