Mike Norman Economics

Contra Larry Summers.The LensThe Odds of a Bad Outcome are RisingStephanie 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 Sanders

The Recent History of "at will" MASS DELUSION events   (Commentary posted by Roger Erickson.)What are Mass Delusion events?  They are simply the institutional momentum of freedback waves traveling through a communicating network, and they can appear in diverse forms. They are the sum of communicability, shared relevance, emotional appeal, and underlying conditions, e.g., stress & propensity to panic.  The phenomenon is not new.  Transiently attractive rumors are as old as human...

$116 bln was drained in September. No surprise the market is struggling. 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/

The Greater Eurasian Partnership was proposed by Putin in 2015 – and it’s getting sharper as the EAEU commission, led by Sergey Glazyev, actively designs a new financial system, based on gold and natural resources and counter-acting the Bretton Woods system. Once the new framework is ready to be tested, the key disseminator is likely to be the SCO.So here we see in play the full cohesion of goals – and the interaction mechanisms – deployed by the Greater Eurasia Partnership, BRI, EAEU, SCO,...

$300 oil? What would that do to the global economy?Naked CapitalismUsing the Payments System to Enforce an Russian Oil Price Cap Likely to Cause Supply ShockYves Smith Also from YvesUS Is Becoming a ‘Developing Country’ on Global Rankings that Measure Democracy, Inequality

It is common for politicians and pundit types to speculate on when or whether China’s economy will pass the US economy as the world’s largest. The latest episode to cross my path was a column by David Wallace in the New York Times.There is little reason for this sort of speculation. China is already the world’s largest economy, its economy is more than 20 percent larger than the US economy, according to the IMF. Furthermore, it is growing considerably more rapidly (assuming they don’t...

While some may wish to assert without evidence that [Sergey Glazyev] is a “follower of Modern Monetary Theory”, the facts from Glazyev’s actions, words and policy orientation attest to a very different reality.It was for this reason that Glazyev first began meeting Lyndon LaRouche directly during the latter’s many trips to Russia in the 1990s after the young economist had demonstrated his consistent principles by resigning from his post as Minister of Foreign and Economic Relations under...

This article was loaded with idiotic claims. WSJ journalists have no clue how banking and the monetary systems function. 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/

If they're gonna give analysis, they have to at least understand the full dynamics of what it happening, not cherry pick. 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/

Rent inflation, not wage increases. But the Fed only has a shotgun to use.The LensThe Rate Hikes Will Continue Until Morale ImprovesStephanie 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 Sanders