Mike Norman Economics

Yesterday (November 29, 2021), the Australian Bureau of Statistics released the latest – Business Indicators – for the September-quarter 2021. This dataset provides quarterly estimates of private sector sales, wages, profits and inventories. It provides a means of viewing exactly what has gone wrong with the Australian economy over the last two decades as successive governments have failed to prioritise general well-being, and, have instead, acted as agents of capital. There is a massive...

Virus fears calmed, but strong fiscal flows remain the underlying factor. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/

War clouds in Europe yet again.The Vineyard of the SakerThe NATOstan Clown ShowPepe Escobarhttp://thesaker.is/the-natostan-clown-show/RelatedTASSRussia’s fears in view of NATO threats justified — experthttps://tass.com/politics/13680859740#Russian and Eurasian PoliticsPutin’s Plans for UkraineGordon M. Hahn | Expert Analyst at Corr Analytics, http://www.canalyt.com and a Senior Researcher at the Center for Terrorism and Intelligence Studies (CETIS), Akribis...

De-dollarization.Sputnik InternationalRosneft CEO: Russia-China Trade Turnover Creates Great Potential for Payments in Yuan and Rubleshttps://sputniknews.com/20211129/rosneft-ceo-russia-china-trade-turnover-creates-great-potential-for-payments-in-yuan-and-rubles-1091101815.html

Politics getting in the way of economics. Russia holds the cards.The continent is bracing itself for a difficult winter amid supply shortages and soaring prices. Industry leaders have warned of potential blackouts while skyrocketing wholesale costs are already being felt in the UK market – with over 20 firms ceasing trading since September….OilpriceRussia Warns The U.S. Not To Interfere With Nord Stream 2City...

I have made some progress on my agent-based modelling project (in between CFL playoff games). It is now possible to interact with the simulation, making this the minimum viable space trading game. My objective was to get the economy running in a somewhat sensible fashion, so that it is possible to examine how any particular agent reacts to a coherent economy state, and thus I am free to refine behaviour....Bond EconomicsPreliminary Agent-Based Model In PlaceBrian...

Australia has a dire housing crisis, particularly in the low-income or social housing end. Since the 1990s, successive federal governments, who fund the social housing, have abdicated from their responsibilities citing a lack of funds and the need to run fiscal surpluses in order to save money for the future. While it has been starving the social housing sector, it has been investing billions of dollars in its Future Fund, ostensibly to cover future liabilities. So instead of spending funds...

Eleven minute video. Applies to everything but clearly to economics-finance and Warren Mosler's insight that launched MMT.Why the majority is always wrong | Paul Rulkens | TEDxMaastrichth/t Global Macrohttps://www.youtube.com/watch?v=VNGFep6rncY

Bond traders think the omicron variant is unlikely to change the Fed's inflation focus https://t.co/ZfdybozVEr— Bloomberg Economics (@economics) November 28, 2021

MMT is getting around.Rosa Luxemburg StiftungModern Monetary Theory in the Periphery: What does MMT have to offer developing nations?Ndongo Samba Sylla from the Rosa-Luxemburg-Stiftung, Dakarhttps://www.rosalux.de/en/news/id/41681/modern-monetary-theory-in-the-periphery