Mike Norman Economics

“I’ve been doing this 30 years and I’ve never seen markets like this,” Currie told Bloomberg TV in an interview on Monday. “This is a molecule crisis. We’re out of everything, I don’t care if it’s oil, gas, coal, copper, aluminum, you name it we’re out of it,”OilpriceGoldman Sachs Sees Shortage On All Commodity MarketsTsvetana Paraskova

Doesn't mention MMT, but it is about policy space of a currency sovereign. Short.However, there are limits that Peter May could be ignoring, like needing foreign currency to pay for food importation.Progressive PulseHow currency creation could – and ought to prevent starvation [in Afghanistan]Peter May

 I'll add my two-cents. I am not an economist but I think I understand something about how systems work. Usually, I would disregard the excuse of conventional economist about exogenous shocks being beyoind the scope of the assumptions of their modeling to handle. But here we see a classic case of an exogenous shock, a global pandemic, leading to uncertainty. No economist would claim to be able to model the progress or outcomes of such a situation.The very simple, perhaps simplistic answer to...

Not bad article. Stephanie Kelton featured. Short.Pharmaceutical TechnologyMacro View: MMT advocates supporting big spendinghttps://www.pharmaceutical-technology.com/comment/macro-mmt-advocates-supporting-big-spending/

February is seasonally a BIG fiscal month. Markets will bounce.

Contra Krugman.Occasional Links & CommentaryHow to lie with inequality statisticsDavid F. Ruccio | Professor Emeritus of Economics, University of Notre Damehttps://anticap.wordpress.com/2022/02/07/how-to-lie-with-inequality-statistics/

February could good. But I’m not calling it now.

Market down big today, then up after hours, reversing all the losses. This is no way to invest. Stay focused on basic economic conditions.

However, the damage from the rising political tensions to the Russian and Ukrainian economies is not equal, TeleTrade Chief Analyst Pyotr Pushkarev noted. “As for Ukraine, investors are massively abandoning plans related to the real sector of the economy, yet in Russia, it’s the stock market that funds have been withdrawn from. That means that only the share of foreign capital in Russia’s financial instruments has declined,” he explained....Defend Democracy PressOn the economic consequences...

Payrolls dropped by 300k in January. The economy is in a steep slowdown. Trust your "instruments." This is a bear market rally.